메뉴 건너뛰기




Volumn 67, Issue 4, 1996, Pages 545-601

Solving the underinvestment and degeneration problems of workers' cooperatives: Non-voting and vote-weighted value-added residual-sharing renewable shares (novarrs and vowvarrs)

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33847213720     PISSN: 13704788     EISSN: 14678292     Source Type: Journal    
DOI: 10.1111/j.1467-8292.1996.tb01409.x     Document Type: Article
Times cited : (11)

References (124)
  • 1
    • 11644266427 scopus 로고
    • Human capital, property rights, and labour managed firms
    • ASKILDSEN J. E. and IRELAND N. J., 1993, 'Human capital, property rights, and labour managed firms', Oxford Economic Papers, 45, 229-42.
    • (1993) Oxford Economic Papers , vol.45 , pp. 229-242
    • Askildsen, J.E.1    Ireland, N.J.2
  • 4
    • 79959633429 scopus 로고    scopus 로고
    • BANK OF ENGLAND, Inflation Report, February,
    • BANK OF ENGLAND, 1996, Inflation Report, February, 23-4.
    • (1996) , pp. 23-24
  • 7
    • 0347320844 scopus 로고
    • Labor participation in corporate policy-making decisions: West Germany's experience with codetermination
    • BENELLI G., LODERER C. and LYS T., 1987, 'Labor participation in corporate policy-making decisions: West Germany's experience with codetermination', Journal of Business, 60, 553-75.
    • (1987) Journal of Business , vol.60 , pp. 553-575
    • Benelli, G.1    Loderer, C.2    Lys, T.3
  • 8
    • 0000003655 scopus 로고
    • On the stability of the cooperative type of organization
    • BEN-NER A., 1984, 'On the stability of the cooperative type of organization Journal of Comparative Economics, 8, 247-60.
    • (1984) Journal of Comparative Economics , vol.8 , pp. 247-260
    • Ben-Ner, A.1
  • 9
    • 38249031336 scopus 로고
    • Comparative empirical observations on worker-owned and capitalist firms
    • BEN-NER, 1988a, 'Comparative empirical observations on worker-owned and capitalist firms', International Journal of Industrial Organization, 6, 7-31.
    • (1988) International Journal of Industrial Organization , vol.6 , pp. 7-31
    • Ben-Ner1
  • 10
    • 38249026939 scopus 로고
    • The life-cycle of worker-owned firms in market economies: a theoretical analysis
    • BEN-NER, 1988b, 'The life-cycle of worker-owned firms in market economies: a theoretical analysis', Journal of Economic Behavior and Organization, 10, 287-313.
    • (1988) Journal of Economic Behavior and Organization , vol.10 , pp. 287-313
    • Ben-Ner1
  • 12
    • 0000982325 scopus 로고
    • Theoretical and empirical studies of producer cooperatives: will ever the twain meet
    • BONIN J. P., JONES D. C. and PUTTERMAN L., 1993, 'Theoretical and empirical studies of producer cooperatives: will ever the twain meet?', Journal of Economic Literature, 31, 1290-1320.
    • (1993) Journal of Economic Literature , vol.31 , pp. 1290-1320
    • Bonin, J.P.1    Jones, D.C.2    Putterman, L.3
  • 13
    • 0013077937 scopus 로고
    • A political and economic case for the democratic enterprise
    • BOWLES S. and GINTIS H., 1993, 'A political and economic case for the democratic enterprise', Economics and Philosophy, 9, 75-100.
    • (1993) Economics and Philosophy , vol.9 , pp. 75-100
    • Bowles, S.1    Gintis, H.2
  • 15
    • 79959675098 scopus 로고
    • European Committee on Workers' Cooperatives), Rôle des Coopératives de Production dans le Mantien et la Création d'Emplois. Programme of Research and Action on the Development of the Labour Market, study No. 82/8. The Commission of the European Communities, Brussels.
    • CECOP (European Committee on Workers' Cooperatives), 1982, Rôle des Coopératives de Production dans le Mantien et la Création d'Emplois. Programme of Research and Action on the Development of the Labour Market, study No. 82/8. The Commission of the European Communities, Brussels.
    • (1982)
  • 16
    • 0004326257 scopus 로고    scopus 로고
    • 198396, CENTRAL STATISTICAL OFFICE, HMSO, London
    • CENTRAL STATISTICAL OFFICE, 198396, Financial Statistics, HMSO, London
    • Financial Statistics
  • 17
    • 84993908982 scopus 로고
    • The role of ESOPs in takeover contests
    • CHAPLINSKY S. and NIEHAUS G., 1994, 'The role of ESOPs in takeover contests', Journal of Finance, 49, 1451-1470.
    • (1994) Journal of Finance , vol.49 , pp. 1451-1470
    • Chaplinsky, S.1    Niehaus, G.2
  • 19
    • 0002395929 scopus 로고
    • The performance effects of employee stock ownership plans
    • in A. Blinder, ed., Brookings Institution, Washington, DC
    • CONTE M. and SVEJNAR J., 1990, 'The performance effects of employee stock ownership plans', in A. Blinder, ed., Paying for Productivity, Brookings Institution, Washington, DC
    • (1990) Paying for Productivity
    • Conte, M.1    Svejnar, J.2
  • 20
    • 84990113732 scopus 로고
    • The changing structure of the worker cooperative sector in the UK: interpreting recent trends
    • CORNFORTH C. and THOMAS A., 1994, 'The changing structure of the worker cooperative sector in the UK: interpreting recent trends Annals of Public and Cooperative Economics, 65, 651-5.
    • (1994) Annals of Public and Cooperative Economics , vol.65 , pp. 651-655
    • Cornforth, C.1    Thomas, A.2
  • 22
    • 0000455346 scopus 로고
    • The behavior of worker cooperatives: the plywood companies of the pacific northwest
    • CRAIG B and PENCAVEL J., 1992, 'The behavior of worker cooperatives: the plywood companies of the pacific northwest', American Economic Review, 82, 1083-105.
    • (1992) American Economic Review , vol.82 , pp. 1083-1105
    • Craig, B.1    Pencavel, J.2
  • 23
    • 84973805541 scopus 로고
    • The economic performance of self-managed firms. A comparative perspective
    • DEFOURNY J., 1986a, 'The economic performance of self-managed firms. A comparative perspective', Annals of Public and Cooperative Economics, 57, 3-9.
    • (1986) Annals of Public and Cooperative Economics , vol.57 , pp. 3-9
    • Defourny, J.1
  • 24
    • 26844468068 scopus 로고
    • Une analyse financière comparée des coopératives de travailleurs et des entreprises capitalistes en France
    • DEFOURNEY J., 1986b, 'Une analyse financière comparée des coopératives de travailleurs et des entreprises capitalistes en France', Annals of Public and Cooperative Economics, 57, 55-78.
    • (1986) Annals of Public and Cooperative Economics , vol.57 , pp. 55-78
    • Defourney, J.1
  • 25
    • 84978545773 scopus 로고
    • Financial equilibrium and risk aversion in French workers' cooperatives
    • DEFOURNEY J., 1990, 'Financial equilibrium and risk aversion in French workers' cooperatives Annals of Public and Cooperative Economics, 61, 331-351.
    • (1990) Annals of Public and Cooperative Economics , vol.61 , pp. 331-351
    • Defourney, J.1
  • 27
    • 0002354296 scopus 로고
    • Investment, financial factors, and cash flow: evidence from U. K. panel data
    • in R. G. Hubbard, Ed., University of Chicago Press, Chicago
    • DEVEREUX M. and SCHIANTARELLI F, 1990, 'Investment, financial factors, and cash flow: evidence from U. K. panel data', in R. G. Hubbard, Ed., Asymmetric Information, Corporate Finance and Investment, University of Chicago Press, Chicago
    • (1990) Asymmetric Information, Corporate Finance and Investment
    • Devereux, M.1    Schiantarelli, F.2
  • 28
  • 29
    • 84978548447 scopus 로고
    • The economics of capital hiring labour and labour hiring capital
    • DOUCOULAIGOS C., 1993, The economics of capital hiring labour and labour hiring capital Annals of Public and Cooperative Economics, 64, 227-56.
    • (1993) Annals of Public and Cooperative Economics , vol.64 , pp. 227-256
    • Doucoulaigos, C.1
  • 30
    • 84937285982 scopus 로고
    • Worker participation and productivity in labor-managed and participatory capitalist firms: a meta-analysis
    • DOUCOULAIGOS C, 1995a, 'Worker participation and productivity in labor-managed and participatory capitalist firms: a meta-analysis', Industrial and Labor Relations Review, 49, 58-77.
    • (1995) Industrial and Labor Relations Review , vol.49 , pp. 58-77
    • Doucoulaigos, C.1
  • 31
    • 21844516763 scopus 로고
    • Institutional bias, risk, and workers' risk aversion
    • DOUCOULAIGOS C, 1995b, 'Institutional bias, risk, and workers' risk aversion', Journal of Economic Issues, 29, 1097-118.
    • (1995) Journal of Economic Issues , vol.29 , pp. 1097-1118
    • Doucoulaigos, C.1
  • 32
    • 38249041406 scopus 로고
    • Control rights, competitive markets, and the labor management debate
    • DOW G. K., 1986, 'Control rights, competitive markets, and the labor management debate', Journal of Comparative Economics, 10, 48-61.
    • (1986) Journal of Comparative Economics , vol.10 , pp. 48-61
    • Dow, G.K.1
  • 33
    • 0000843413 scopus 로고
    • Why capital hires labour: a bargaining perspective
    • DOUCOULAIGOS C, 1993a, 'Why capital hires labour: a bargaining perspective', American Economic Review, 83, 118-34.
    • (1993) American Economic Review , vol.83 , pp. 118-134
    • Doucoulaigos, C.1
  • 34
    • 0043186365 scopus 로고
    • Democracy versus appropriability: can labor-managed firms flourish in a capitalist world
    • in S. Bowles, H. Gintis, and B. Gustafsson, Eds, Cambridge University Press, Cambridge
    • DOUCOULAIGOS C, 1993b, 'Democracy versus appropriability: can labor-managed firms flourish in a capitalist world?', in S. Bowles, H. Gintis, and B. Gustafsson, Eds, Markets and Democracy: Participation, Accountability and Efficiency, Cambridge University Press, Cambridge
    • (1993) Markets and Democracy: Participation, Accountability and Efficiency
    • Doucoulaigos, C.1
  • 35
    • 79959676692 scopus 로고    scopus 로고
    • Replicating Walrasian equilibria using markets for membership in labor-managed firms', Manuscript under review.
    • DOUCOULAIGOS C, 1996, 'Replicating Walrasian equilibria using markets for membership in labor-managed firms', Manuscript under review.
    • (1996)
    • Doucoulaigos, C.1
  • 36
    • 79959652536 scopus 로고
    • DOW JONES AND COMPANY, In association with MORNINGSTAR, 2nd edn), Prentice Hall, Englewood Cliffs, New Jersey
    • DOW JONES AND COMPANY, In association with MORNINGSTAR, 1995, The Dow Jones Guide to the World Stock Market (2nd edn), Prentice Hall, Englewood Cliffs, New Jersey
    • (1995) The Dow Jones Guide to the World Stock Market
  • 37
    • 25344459961 scopus 로고
    • Self-management and economic theory: efficiency, funding and employment
    • in P. K. Bardhan and J. E. Roemer, Eds, Oxford University Press, Oxford
    • DRÈZE J. H., 1993, 'Self-management and economic theory: efficiency, funding and employment', in P. K. Bardhan and J. E. Roemer, Eds, Market Socialism: The Current Debate, Oxford University Press, Oxford
    • (1993) Market Socialism: The Current Debate
    • Drèze, J.H.1
  • 38
    • 38249044013 scopus 로고
    • Horizon problems and property rights in labor-managed firms
    • ELLERMAN D., 1986, 'Horizon problems and property rights in labor-managed firms', Journal of Comparative Economics, 10, 62-78.
    • (1986) Journal of Comparative Economics , vol.10 , pp. 62-78
    • Ellerman, D.1
  • 40
    • 84973763612 scopus 로고
    • Financing employee-managed firms: some problems of a wider extension
    • ENGBERG, L., 1993, 'Financing employee-managed firms: some problems of a wider extension', Economic and Industrial Democracy, 14, 277-300.
    • (1993) Economic and Industrial Democracy , vol.14 , pp. 277-300
    • Engberg, L.1
  • 41
    • 33751219961 scopus 로고
    • The role of producer cooperatives in employment creation
    • 345
    • ESTRIN S., 1985, "The role of producer cooperatives in employment creation", Economic Analysis and Workers' Management, 4, 19, 345-84.
    • (1985) Economic Analysis and Workers' Management , vol.4 , pp. 19-84
    • Estrin, S.1
  • 42
    • 84933490215 scopus 로고
    • The viability of employee-owned firms: evidence from France
    • ESTRIN S and JONES D. C, 1992, 'The viability of employee-owned firms: evidence from France', Industrial and Labor Relations Review, 45, 323-38.
    • (1992) Industrial and Labor Relations Review , vol.45 , pp. 323-338
    • Estrin, S.1    Jones, D.C.2
  • 43
    • 38249038539 scopus 로고
    • The productivity effects of worker participation: producer cooperatives in western economies
    • ESTRIN S and JONES D. C and SVEJNAR J., 1987, 'The productivity effects of worker participation: producer cooperatives in western economies', Journal of Comparative Economics, 11, 40-61.
    • (1987) Journal of Comparative Economics , vol.11 , pp. 40-61
    • Estrin, S.1    Jones, D.C.2    Svejnar, J.3
  • 45
    • 0001404353 scopus 로고
    • Why are capitalists the bosses
    • ESWARAN M. and KOTWAL A., 1989, 'Why are capitalists the bosses?', Economic Journal, 99, 162-76.
    • (1989) Economic Journal , vol.99 , pp. 162-176
    • Eswaran, M.1    Kotwal, A.2
  • 47
    • 25544447669 scopus 로고
    • A family tree of linearly homogenous production functions
    • FÄRE R. and MITCHELL T. M., 1989, A family tree of linearly homogenous production functions, Scandanavian Journal of Economics, 91, 749-57.
    • (1989) Scandanavian Journal of Economics , vol.91 , pp. 749-757
    • Färe, R.1    Mitchell, T.M.2
  • 49
    • 0011532693 scopus 로고
    • The simple analytics of a membership market in a labor-managed economy
    • in S. Bowles, H. Gintis and B. Gustafsson, Eds, Cambridge University Press, Cambridge
    • FEHR E., 1993, 'The simple analytics of a membership market in a labor-managed economy' in S. Bowles, H. Gintis and B. Gustafsson, Eds, Markets and Democracy: Participation, Accountability and Efficiency, Cambridge University Press, Cambridge
    • (1993) Markets and Democracy: Participation, Accountability and Efficiency
    • Fehr, E.1
  • 50
    • 0000684399 scopus 로고
    • Efficiency and internal organization: works councils in West German firms
    • FITZROY F. R., and KRAFT K., 1987a, 'Efficiency and internal organization: works councils in West German firms', Economica, 54, 493-504.
    • (1987) Economica , vol.54 , pp. 493-504
    • Fitzroy, F.R.1    Kraft, K.2
  • 51
    • 85005227635 scopus 로고
    • Cooperation, productivity, and profit sharing
    • FITZROY F. R., and KRAFT K., 1987b, 'Cooperation, productivity, and profit sharing Quarterly Journal of Economics, 102, 23-35.
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 23-35
    • Fitzroy, F.R.1    Kraft, K.2
  • 53
    • 0012764535 scopus 로고
    • Economic democracy and equality: a proposal
    • in P. K. Bardhan and J. E. Roemer, eds, Oxford University Press, Oxford
    • FLEURBAEY M., 1993, 'Economic democracy and equality: a proposal' in P. K. Bardhan and J. E. Roemer, eds, Market Socialism: The Current Debate, Oxford University Press, Oxford
    • (1993) Market Socialism: The Current Debate
    • Fleurbaey, M.1
  • 54
    • 4243217570 scopus 로고
    • The long-run analysis of the labor-managed firm: an alternative interpretation
    • FURUBOTN E. G., 1976, 'The long-run analysis of the labor-managed firm: an alternative interpretation', American Economic Review, 66, 104-23.
    • (1976) American Economic Review , vol.66 , pp. 104-123
    • Furubotn, E.G.1
  • 55
    • 3943112597 scopus 로고
    • Codetermination, productivity gains, and the economics of the firm
    • FURUBOTN E. G, 1985, 'Codetermination, productivity gains, and the economics of the firm Oxford Economic Papers, 37, 22-39.
    • (1985) Oxford Economic Papers , vol.37 , pp. 22-39
    • Furubotn, E.G.1
  • 56
    • 34250460883 scopus 로고
    • Property rights and the behavior of the firm in a socialist state: the example of Yugoslavia
    • FURUBOTN E. G and PEJOVICH S., 1970, 'Property rights and the behavior of the firm in a socialist state: the example of Yugoslavia Zeitschrift für Nationalökonomie, 30, 431-54.
    • (1970) Zeitschrift für Nationalökonomie , vol.30 , pp. 431-454
    • Furubotn, E.G.1    Pejovich, S.2
  • 57
    • 38149146493 scopus 로고
    • A dynamic model of the labor-managed economy
    • GEORGES C, 1994, A dynamic model of the labor-managed economy Journal of Comparative Economics, 18, 46-63.
    • (1994) Journal of Comparative Economics , vol.18 , pp. 46-63
    • Georges, C.1
  • 58
    • 0002291682 scopus 로고
    • Financial markets and the democratic enterprise
    • in R. Drago and R. Perlman, eds, Harvester-Wheatsheaf, New York
    • GINTIS H., 1989, 'Financial markets and the democratic enterprise', in R. Drago and R. Perlman, eds, Microeconomic Issues in Labour Economics: New Approaches, Harvester-Wheatsheaf, New York
    • (1989) Microeconomic Issues in Labour Economics: New Approaches
    • Gintis, H.1
  • 60
    • 38249016575 scopus 로고
    • Codetermination and enterprise performance: empirical evidence from West Germany
    • GURDON M. A. and RAI A., 1990, 'Codetermination and enterprise performance: empirical evidence from West Germany', Journal of Economics and Business, 42, 289-302.
    • (1990) Journal of Economics and Business , vol.42 , pp. 289-302
    • Gurdon, M.A.1    Rai, A.2
  • 61
    • 84925121354 scopus 로고
    • When does worker ownership work?ESOPs, law firms, codetermination, and economic democracy
    • HANSMANN H., 1990, 'When does worker ownership work?ESOPs, law firms, codetermination, and economic democracy', Yale Law Journal, 99, 1749-816.
    • (1990) Yale Law Journal , vol.99 , pp. 1749-1816
    • Hansmann, H.1
  • 62
    • 79959639361 scopus 로고
    • Italia Artiganata - the Third Italy
    • HATCH C. R., 1988, 'Italia Artiganata - the Third Italy', Changing Work, 7, C10-C12.
    • (1988) Changing Work , vol.7
    • Hatch, C.R.1
  • 65
    • 79959669717 scopus 로고
    • Statement on the Cooperative Identity in I. MacPherson
    • INTERNATIONAL COOPERATIVE ALLIANCE, ICA, Geneva
    • INTERNATIONAL COOPERATIVE ALLIANCE, 1995, 'Statement on the Cooperative Identity in I. MacPherson', Cooperative Principles for the 21st Century, ICA, Geneva
    • (1995) Cooperative Principles for the 21st Century
  • 66
    • 84978599449 scopus 로고
    • The financing of worker cooperatives in the UK. Evidence and implications
    • JEFFERIS K. and MASON N., 1990, 'The financing of worker cooperatives in the UK. Evidence and implications Annals of Public and Cooperative Economics, 61, 213-44.
    • (1990) Annals of Public and Cooperative Economics , vol.61 , pp. 213-244
    • Jefferis, K.1    Mason, N.2
  • 67
    • 0000577518 scopus 로고
    • Rights and production functions: an application to labor-managed firms and codetermination
    • JENSEN M. C. and MECKLING W. H., 1979, 'Rights and production functions: an application to labor-managed firms and codetermination', Journal of Business, 52, 469-506.
    • (1979) Journal of Business , vol.52 , pp. 469-506
    • Jensen, M.C.1    Meckling, W.H.2
  • 68
    • 84987368767 scopus 로고
    • U. S. producer cooperatives: the record to date
    • JONES D. C, 1979, 'U. S. producer cooperatives: the record to date', Industrial Relations, 18, 342-56.
    • (1979) Industrial Relations , vol.18 , pp. 342-356
    • Jones, D.C.1
  • 69
    • 84984215160 scopus 로고
    • Employee stock ownership plans and productivity in Japanese manufacturing firms
    • JONES D. C. and KATO T., 1993, 'Employee stock ownership plans and productivity in Japanese manufacturing firms', British Journal of Industrial Relations, 31, 331-46.
    • (1993) British Journal of Industrial Relations , vol.31 , pp. 331-346
    • Jones, D.C.1    Kato, T.2
  • 71
    • 0000827401 scopus 로고
    • Vertical integration, appropriable rents, and the competitive contracting process
    • KLEIN B., CRAWFORD R. G. and ALCHIAN A. A., 1978, 'Vertical integration, appropriable rents, and the competitive contracting process', Journal of Law and Economics, 21, 297-326.
    • (1978) Journal of Law and Economics , vol.21 , pp. 297-326
    • Klein, B.1    Crawford, R.G.2    Alchian, A.A.3
  • 72
    • 0002380185 scopus 로고
    • Profit sharing and productivity: microeconomic evidence from the United States
    • KRUSE D. L., 1992, 'Profit sharing and productivity: microeconomic evidence from the United States', Economic Journal, 102, 24-36.
    • (1992) Economic Journal , vol.102 , pp. 24-36
    • Kruse, D.L.1
  • 73
    • 23444435472 scopus 로고
    • The elusive ESOP-productivity link. Evidence from U. S. firm-level data
    • KUMBHAKAR S. C. and DUNBAR A. E., 1993, 'The elusive ESOP-productivity link. Evidence from U. S. firm-level data', Journal of Public Economics, 52, 273-83.
    • (1993) Journal of Public Economics , vol.52 , pp. 273-283
    • Kumbhakar, S.C.1    Dunbar, A.E.2
  • 75
    • 14844345240 scopus 로고
    • Asset pricing and intrinsic values. A review essay
    • LEHMANN B. N., 1991, Asset pricing and intrinsic values. A review essay, Journal of Monetary Economics, 28, 485-500.
    • (1991) Journal of Monetary Economics , vol.28 , pp. 485-500
    • Lehmann, B.N.1
  • 76
    • 0001318112 scopus 로고
    • Allocative efficiency vs. 'X'-efficiency
    • LEIBENSTEIN H., 1966, Allocative efficiency vs. 'X'-efficiency, American Economic Review, 56, 392-413.
    • (1966) American Economic Review , vol.56 , pp. 392-413
    • Leibenstein, H.1
  • 77
    • 0002206621 scopus 로고
    • Tobin's q ratio and industrial organization
    • LINDENBERG E. B. and ROSS S. A., 1981, 'Tobin's q ratio and industrial organization', Journal of Business, 54, 1-32.
    • (1981) Journal of Business , vol.54 , pp. 1-32
    • Lindenberg, E.B.1    Ross, S.A.2
  • 78
    • 0001864595 scopus 로고
    • Do firms care who provides their financing
    • in R. G. Hubbard, Ed., University of Chicago Press, Chicago
    • MACKIE-MASON J. K., 1990, 'Do firms care who provides their financing?', in R. G. Hubbard, Ed., Asymmetric Information, Corporate Finance and Investment, University of Chicago Press, Chicago
    • (1990) Asymmetric Information, Corporate Finance and Investment
    • Mackie-Mason, J.K.1
  • 79
    • 84978566989 scopus 로고
    • Profit-sharing, uncertainty and the enterprise contract
    • MARTIN R. E., 1991, 'Profit-sharing, uncertainty and the enterprise contract Annals of Public and Cooperative Economics, 62, 81-101.
    • (1991) Annals of Public and Cooperative Economics , vol.62 , pp. 81-101
    • Martin, R.E.1
  • 80
    • 33847178954 scopus 로고
    • On the optimum financial environment for worker cooperatives
    • McCAIN R. A., 1977, 'On the optimum financial environment for worker cooperatives', Zeitschrift für Nationalökonomie, 37, 355-84.
    • (1977) Zeitschrift für Nationalökonomie , vol.37 , pp. 355-384
    • Mccain, R.A.1
  • 81
    • 79959639768 scopus 로고    scopus 로고
    • Economics of transition from state-capitalist to cooperative enterprises', working paper on Internet: ).
    • McCAIN R. A, 1996, 'Economics of transition from state-capitalist to cooperative enterprises', (working paper on Internet: ).
    • (1996)
    • Mccain, R.A.1
  • 82
    • 0000710212 scopus 로고
    • The theory of labour-managed firms and profit-sharing
    • MEADE J., 1972, 'The theory of labour-managed firms and profit-sharing', Economic Journal, 82, 402-28.
    • (1972) Economic Journal , vol.82 , pp. 402-428
    • Meade, J.1
  • 83
    • 0001699517 scopus 로고
    • Dividend policy, growth, and the valuation of shares
    • MILLER M. H. and MODIGLIANI E, 1961, 'Dividend policy, growth, and the valuation of shares', Journal of Business, 34, 411-33.
    • (1961) Journal of Business , vol.34 , pp. 411-433
    • Miller, M.H.1    Modigliani, E.2
  • 84
    • 79959661538 scopus 로고
    • MINISTERO DEL LAVORO E DELLA PREVIDENZA SOCIALE -DIREZIONE GENERALE DELLA COOPERAZIONA, Schedario Generate della Cooperazione.
    • MINISTERO DEL LAVORO E DELLA PREVIDENZA SOCIALE -DIREZIONE GENERALE DELLA COOPERAZIONA, 1994, Schedario Generate della Cooperazione.
    • (1994)
  • 85
    • 84978572791 scopus 로고
    • Property rights, efficiency and labor-managed firms
    • MINKLER A. P., 1989, 'Property rights, efficiency and labor-managed firms', Annals of Public and Cooperative Economics, 60, 341-57.
    • (1989) Annals of Public and Cooperative Economics , vol.60 , pp. 341-357
    • Minkler, A.P.1
  • 86
    • 84927456215 scopus 로고
    • On success and dissolution of the labor-managed firm in the capitalist economy
    • MIYAZAKI H., 1984, 'On success and dissolution of the labor-managed firm in the capitalist economy Journal of Political Economy, 92, 909-31.
    • (1984) Journal of Political Economy , vol.92 , pp. 909-931
    • Miyazaki, H.1
  • 87
    • 0011666460 scopus 로고
    • Strong unions or worker control
    • in J. Elster and K. O. Moene, Eds, Cambridge University Press, Cambridge
    • MOENE K. O., 1989, 'Strong unions or worker control?', in J. Elster and K. O. Moene, Eds, Alternatives to Capitalism, Cambridge University Press, Cambridge
    • (1989) Alternatives to Capitalism
    • Moene, K.O.1
  • 88
    • 84978560227 scopus 로고
    • Investment and financing in a labor-managed firm and its social implications
    • NUTZINGER H. G., 1975, 'Investment and financing in a labor-managed firm and its social implications', Economic Analysis and Workers' Management, 9, 181-201.
    • (1975) Economic Analysis and Workers' Management , vol.9 , pp. 181-201
    • Nutzinger, H.G.1
  • 90
    • 79959652264 scopus 로고
    • Value-added tax
    • in J. Eatwell, R. Milgate and P. Newman, Eds, Macmillan, London
    • OAKLAND W. H., 1987, 'Value-added tax', in J. Eatwell, R. Milgate and P. Newman, Eds, The New Palgrave Dictionary of Economics, Vol. 4, 787-9 Macmillan, London
    • (1987) The New Palgrave Dictionary of Economics , vol.4 , pp. 787-789
    • Oakland, W.H.1
  • 91
    • 21844523651 scopus 로고
    • Employee stock ownership plans, firm performance, and monitoring by outside blockholders
    • PARK S. and SONG M. H., 1995, 'Employee stock ownership plans, firm performance, and monitoring by outside blockholders', Financial Management, 24, 52-65.
    • (1995) Financial Management , vol.24 , pp. 52-65
    • Park, S.1    Song, M.H.2
  • 93
    • 85005245224 scopus 로고
    • On some recent explanations of why capital hires labor
    • PUTTERMAN L., 1984, 'On some recent explanations of why capital hires labor', Economic Enquiry, 22, 171-87.
    • (1984) Economic Enquiry , vol.22 , pp. 171-187
    • Putterman, L.1
  • 94
    • 84978575683 scopus 로고
    • Commodification of labor follows commodification of the firm: on a theorem of the new institutional economies
    • PUTTERMAN L., 1989, 'Commodification of labor follows commodification of the firm: on a theorem of the new institutional economies', Annals of Public and Cooperative Economics, 60, 161-78.
    • (1989) Annals of Public and Cooperative Economics , vol.60 , pp. 161-178
    • Putterman, L.1
  • 95
    • 79959677761 scopus 로고    scopus 로고
    • The bulls spell out 'q' for quibble
    • July, Section 2
    • RILEY B., 1996a, 'The bulls spell out 'q' for quibble', Financial Times, 10 July, Section 2, p. 1.
    • (1996) Financial Times , vol.10 , pp. 1
    • Riley, B.1
  • 96
    • 79959658034 scopus 로고    scopus 로고
    • Growth in a cold climate
    • August, Section 2
    • RILEY B., 1996b, 'Growth in a cold climate', Financial Times, 10 August, Section 2, p. 1.
    • (1996) Financial Times , vol.10 , pp. 1
    • Riley, B.1
  • 97
    • 43949171552 scopus 로고
    • Cooperative vs private firms: an empirical comparison of cooperative and private small firms in Britain
    • ROBINSON A. and WILSON N., 1993, 'Cooperative vs private firms: an empirical comparison of cooperative and private small firms in Britain', International Business Review, 2, 281-96.
    • (1993) International Business Review , vol.2 , pp. 281-296
    • Robinson, A.1    Wilson, N.2
  • 98
    • 0347985739 scopus 로고
    • The record of employee ownership
    • ROSEN C, 1990, 'The record of employee ownership', Financial Management, 19, 39-47.
    • (1990) Financial Management , vol.19 , pp. 39-47
    • Rosen, C.1
  • 99
    • 84978551166 scopus 로고
    • Theories of cooperative degeneration and the experience of the Kibbutz
    • ROSNER M., 1985, 'Theories of cooperative degeneration and the experience of the Kibbutz', Annals of Public and Cooperative Economics, 56, 521-37.
    • (1985) Annals of Public and Cooperative Economics , vol.56 , pp. 521-537
    • Rosner, M.1
  • 103
    • 0005725186 scopus 로고
    • A rehabilitation of the labor-managed firm;
    • in M. R. Sertel, Ed., North-Holland, Amsterdam
    • SERTEL M. R., 1982, A rehabilitation of the labor-managed firm; in M. R. Sertel, Ed., Workers and Incentives, North-Holland, Amsterdam
    • (1982) Workers and Incentives
    • Sertel, M.R.1
  • 104
    • 38149143620 scopus 로고
    • Workers' enterprises in imperfect competition
    • SERTEL M. R., 1991, 'Workers' enterprises in imperfect competition', Journal of Comparative Economics, 15, 698-710.
    • (1991) Journal of Comparative Economics , vol.15 , pp. 698-710
    • Sertel, M.R.1
  • 105
    • 0347663034 scopus 로고
    • Co-determination: a postmortem
    • SHARP R. M., 1989, 'Co-determination: a postmortem Labor Law Journal, 40, 323-37.
    • (1989) Labor Law Journal , vol.40 , pp. 323-337
    • Sharp, R.M.1
  • 108
    • 84978600251 scopus 로고
    • The labor-managed economy: a survey of the economics literature
    • STEINHERR A., 1978, 'The labor-managed economy: a survey of the economics literature', Annals of Public and Cooperative Economics, 49, 29-148.
    • (1978) Annals of Public and Cooperative Economics , vol.49 , pp. 29-148
    • Steinherr, A.1
  • 111
    • 84959829982 scopus 로고
    • Incentives and risk sharing in sharecropping
    • STIGLITZ J. E., 1974, 'Incentives and risk sharing in sharecropping', Review of Economic Studies, 41, 219-55.
    • (1974) Review of Economic Studies , vol.41 , pp. 219-255
    • Stiglitz, J.E.1
  • 112
  • 113
    • 84965925186 scopus 로고
    • The survival and growth of worker cooperatives: a comparison with small businesses
    • THOMAS A. and CORNFORTH C, 1989, 'The survival and growth of worker cooperatives: a comparison with small businesses', International Small Business Journal, 8, 34-50.
    • (1989) International Small Business Journal , vol.8 , pp. 34-50
    • Thomas, A.1    Cornforth, C.2
  • 114
  • 117
    • 79959639360 scopus 로고
    • The investment behaviour of a labour-managed firm
    • UVALIC M., 1986, 'The investment behaviour of a labour-managed firm, ' Annals of Public and Cooperative Economics, 57, 11-32.
    • (1986) Annals of Public and Cooperative Economics , vol.57 , pp. 11-32
    • Uvalic, M.1
  • 121
    • 0001196499 scopus 로고
    • The firm in Illyria: market syndicalism
    • WARD B., 1958, 'The firm in Illyria: market syndicalism', American Economic Review, 48, 566-89.
    • (1958) American Economic Review , vol.48 , pp. 566-589
    • Ward, B.1
  • 122
    • 79959653718 scopus 로고
    • Cooperative production and profit sharing', New Statesman, Special Supplement.
    • WEBB S. and WEBB B 1914, 'Cooperative production and profit sharing', New Statesman, Special Supplement.
    • (1914)
    • Webb, S.1    Webb, B.2
  • 123
    • 0012826932 scopus 로고
    • A democratic enterprise-based market socialism
    • in P. K. Bardhan and J. E. Roemer, Eds, Oxford University Press, Oxford
    • WEISSKOPF T. E., 1993, A democratic enterprise-based market socialism, in P. K. Bardhan and J. E. Roemer, Eds, Market Socialism: The Current Debate, Oxford University Press, Oxford
    • (1993) Market Socialism: The Current Debate
    • Weisskopf, T.E.1
  • 124
    • 84909364457 scopus 로고
    • The sharing of a firm's risks between capital and labour
    • ZAFIRIS N., 1986, 'The sharing of a firm's risks between capital and labour', Annals of Public and Cooperative Economics, 57, 35-46.
    • (1986) Annals of Public and Cooperative Economics , vol.57 , pp. 35-46
    • Zafiris, N.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.