کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5092109 1375914 2017 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
What deters labor-owned firm creation? Evidence from Italian manufacturing sectors
ترجمه فارسی عنوان
چه چیزی باعث ایجاد شرکت کارگری می شود؟ شواهد از بخش تولید ایتالیایی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We analyze the determinants of labor-owned versus capital-owned firm creation. We match firm-level information on a large sample of new manufacturing firms with available industry-level proxies of the main determinants of ownership structures according to existing economic theories. We estimate a logit model and quantify the empirical contribution of each argument to explain labor-owned versus capital-owned firm entry. Our results show that human capital specificity and workers heterogeneity largely explain labor-owned firm entry, while other dimensions, such as limited worker wealth, have a weaker statistical relevance. These findings are robust to different estimation methods and are unlikely to be affected by endogeneity concerns. Our results contribute to the general understanding of the endogenous dynamics of ownership rights distribution in manufacturing firms and to the elaboration of policy initiatives aimed at supporting cooperative modes of firm organization.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 45, Issue 1, February 2017, Pages 139-153
نویسندگان
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