Employee-owned firms: a labour model with potential?

dc.contributor.authorFernández Guadaño, Josefina
dc.description.abstractIn Spain, the companies that are mainly owned by the employees form a part of the Social Economy and offer an alternative business model, which is found in a conventional capitalist economy. The objective of this study is to establish whether there are significant differences in the performance of Employee Owned Firms (EOFs) and more conventionally structured businesses, non-Employee Owned Firms (non-EOFs), due to the inherent differences in the capital-ownership structure. The aim is to establish whether or not a corporate governance structure characterised by the employee participation for both the financial and the informational decision-making aspects can be advocated. The results show differences in favour of the conventional non-EOFs for various indicators measuring economic performance and confirm the different objectives of each business type; however, they provide evidence of significant differences in favour of the EOFs in terms of the efficient use of the capital and labour factors of production, according to the theoretical literature.
dc.description.departmentDepto. de Administración Financiera y Contabilidad
dc.description.facultyFac. de Ciencias Económicas y Empresariales
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dc.journal.titleTransformations in business and economics
dc.rights.accessRightsopen access
dc.subject.keywordCapital ownership structure
dc.subject.keywordSocial economy
dc.subject.keywordLabour managed firms
dc.subject.keywordEconomic performance
dc.subject.keywordSmall and medium enterprises
dc.subject.ucmAdministración de empresas
dc.subject.unesco5311 Organización y Dirección de Empresas
dc.titleEmployee-owned firms: a labour model with potential?
dc.typejournal article
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