This publication is the sixth in a series of edited volumes presenting research in the field of employee participation and labour management. The volume covers the themes of employee ownership and employee participation in transition economies, the effects of employee profit-sharing schemes on business performance of enterprises, the theory of labour-managed firms and co-operatives and the role of social enterprises in the welfare state. The papers consider these issues both from a theoretical and an applied perspective, taking examples from both Western Europe and the post-socialist...

The papers presented in this volume explore empirical studies of the survival of participatory and labour-managed firms, offer new approaches and insights into the performance effects of participatory firms, and assess the experience of employee ownership and participation in transition.

This volume includes theoretical and empirical research into changing institutions and employee participation.

With the financial crisis and Great Recession, some economists have begun to question the orthodox approach to production and capital/labor relations over the last two to three decades. This orthodoxy has been thrown into question due to concerns of poor corporate decision-making, corporate capture of regulators, perceived rewards for failure, and uneven productivity growth. But a new spirit of introspection and doubt about orthodox approaches has created some impetus leading to greater interest in themes, such as worker ownership, sharing rewards, co-operatives, and employee involvement...

Ownership and decision-making are key issues in the economic restructuring taking place as economies struggle to emerge from the Great Recession, and technological change and globalization continue to place new demands on workers and firms. Corporate, labor, and policy leaders are increasingly recognizing the potential role of employee ownership, cooperatives, profit sharing, and other ways in which employees directly participate in decision-making and financial performance. This volume contains cutting-edge research on the causes and effects of financial and decision-making participation,...

This volume analyses employee participation in under- researched countries and whose economic institutions differ from the Anglo-American context. Part one of the volume is dedicated to China. In a context in which economic decisions made by companies are closely influenced by the political institutions and practices, the extent to which Chief Executive Officers (CEOs) have the ability to make autonomous decisions is not to be taken for granted. The volume explores whether the executive labor market and firms' executive compensation practices differ from the Western context. Evidence on the...

Alternative types of ownership and participatory managerial practices have recently been intensively debated. The Great Recession has revived interest in cooperative and labor-managed organizations. In addition, employee participation in decision-making and financial performance has consistently attracted attention during the last 20 years. The articles in this Volume contribute to both of these topics. The first set of articles studies the relationship among business cycles, alternative forms of ownership, and employee voice. These papers take various theoretical and empirical approaches and...

This volume gathers recent insights into the determinants, developments and outcomes of employee share ownership. It focuses on a number of new emerging themes in the literature and tests some of the relationships using several, notable European datasets. The authors discuss employee share ownership from the perspective of strategic human resource management (SHRM) and present the 'contextual SHRM model, ' where employee ownership is influenced by several environmental pressures, which indicated the need for five specific 'fits' of employee ownership. These fits are: fit of employee ownership...

With a growing prominence of sophisticated econometric research in the field of New Economics of Participation (NEP), it is of particular value to learn about real-world examples of participatory and labor-managed firms in the advanced market economies through extensive case studies. In this volume, the authors present such case studies.