Assessing employee-owned firms: an examination of the Spanish economic model

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dc.contributor.authorFernández Guadaño, Josefina
dc.contributor.authorLópez Millán, Manuel
dc.date.accessioned2023-06-17T12:34:58Z
dc.date.available2023-06-17T12:34:58Z
dc.date.issued2019
dc.description.abstractEmployee-owned firms (EOFs) form part of the so-called social economy, and they are seen as an alternative business model that aims to establish itself as a third way, different to conventional capitalist firms and public enterprises. These firms meet the Spanish legal requirements (Law 44/2015) for employee ownership designation. This paper assesses whether the capital ownership structure is a key factor determining operating performance, productivity and solvency, or in other words, the impact the firm’s capital ownership structure may have on its economic performance, labour factor and capital factor. Based on a sample of small employee-owned firms and non-employee owned firms, the study develops an empirical methodology using a panel data analysis. The study shows the characteristics of Spain’s EOFs as an alternative legal form of employee share ownership, which is included in the Social Economy, but different from cooperative societies.
dc.description.departmentDepto. de Administración Financiera y Contabilidad
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.statuspub
dc.eprint.idhttps://eprints.ucm.es/id/eprint/65470
dc.identifier.doi10.1080/1331677X.2019.1642781
dc.identifier.issn1331-677X
dc.identifier.officialurlhttps://doi.org/10.1080/1331677X.2019.1642781
dc.identifier.urihttps://hdl.handle.net/20.500.14352/12549
dc.issue.number1
dc.journal.titleEconomic Research-Ekonomska Istrazivanja
dc.language.isoeng
dc.page.final2008
dc.page.initial1984
dc.publisherTaylor & Francis
dc.rightsAtribución 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/es/
dc.subject.jelJ540
dc.subject.jelL200
dc.subject.jelD210
dc.subject.keywordEmployee share ownership(ESO)
dc.subject.keywordEuropean Union
dc.subject.keywordSpain
dc.subject.keywordEmployee-owned firms (EOFs)
dc.subject.keywordNon-employee owned firms (non-EOFs)
dc.subject.keywordFinancial participation.
dc.subject.ucmAdministración de empresas
dc.subject.ucmCooperativas
dc.subject.unesco5311 Organización y Dirección de Empresas
dc.titleAssessing employee-owned firms: an examination of the Spanish economic model
dc.typejournal article
dc.volume.number32
dspace.entity.typePublication
relation.isAuthorOfPublication57582547-9266-487a-a8e5-d99a4da6ab27
relation.isAuthorOfPublicationdcba4fc1-6cb5-46a7-bb80-3d7ecdf75724
relation.isAuthorOfPublication.latestForDiscovery57582547-9266-487a-a8e5-d99a4da6ab27
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