Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10494127 | Journal of Co-operative Organization and Management | 2015 | 10 Pages |
Abstract
In the 20th century, almost all of the 350 kibbutzim's industrial plants were solely owned by the kibbutzim, which were managed like family communal cooperatives. In 2011, almost all of these cooperative-like firms were privatized and started to employ a public type of management. More than 50% of them went public by IPOs or underwent an M&A process. Questioning those who were involved in the above process as well as the details of financial reports before and after the IPO and M&A events, reveal that in contrast to the expectations and incentives, the IPOs and the M&As harmed the profitability of the acquired industrial firms compared with the industrial firms that remained fully owned by the communal cooperatives of the kibbutzim.
Keywords
Related Topics
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Business, Management and Accounting
Business and International Management
Authors
Edom Sara, Edur Ram, Kroll Yoram,