The Viability of Employee-Owned Firms: Evidence from France

Saul Estrin · Derek C. Jones

115 citations0/0 files storedIndustrial and Labor Relations Review

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Cooperative Studies and Economics Labor Movements and Unions Social and Economic Solidarity

Abstract

This study examines data on French producer cooperatives for the years 1970–79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not members of the cooperative firm increases. Contrary to this prediction, the authors find a high rate of survival among the producer cooperatives studied, with many cooperatives still healthy after fifty years of operation, and they find no evidence of degeneration—either in terms of the proportion of hired workers, productivity, profitability, or capital-intensity. The findings do, however, suggest that the firms' financial structure became increasingly inefficient with age.

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References

1950Political Parties: A Sociological Study of The Oligarchical Tendencies of Modern Democracy.1972Commitment and Community 1979The Collectivist Organization: An Alternative to Rational-Bureaucratic Models 1972The General Theory of Labor-Managed Market Economies.1972Commitment and Community: Communes and Utopias in Sociological Perspective 1990Paying for productivity: a look at the evidence 1970Property rights and the behavior of the firm in a socialist state: The example of Yugoslavia 1984On the stability of the cooperative type of organization

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2008Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profit Sharing, and Broad-Based Stock Options 2012Productivity, Capital, and Labor in Labor-Managed and Conventional Firms: An Investigation on French Data 2013Why Do Cooperatives Emerge in a World Dominated by Corporations? The Diffusion of Cooperatives in the U.S. Bio-Ethanol Industry, 1978–2013 2006Political Participation and the Workplace: The Spillover Thesis Revisited 2004DOES EMPLOYEE OWNERSHIP ENHANCE FIRM SURVIVAL?

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