Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
884697 | Journal of Economic Behavior & Organization | 2007 | 16 Pages |
Abstract
Why are there so few labour-managed entrants in market economies? We address this question by analysing a panel of labour-managed entrants into UK manufacturing industries. Using Poisson and negative binomial random effects models, our main finding is a significant negative relationship between entry counts and both the capital–labour ratio and the variance of profits. This is consistent with long-standing theoretical arguments that labour-managed firms face problems in raising capital and spreading risk.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jan M. Podivinsky, Geoff Stewart,