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...

In this book, Milica Uvalic examines the theoretical and empirical issues related to investment in Yugoslavia since 1965. She explores investment policies, sources of finance, macroeconomic performance, enterprise incentives and current property reforms in relation to Western theory on investment behavior in the labor-managed firm and Kornai's theory on socialist economies. In line with Kornai's theory, the author argues that the fundamental causes of problems in Yugoslavia are generic to socialist economic systems, rather than the specific characteristic of self-management.