Exit or voice

OPEN ARCHIVE

Union Jack
Dannebrog

Exit or voice

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dc.contributor.author Mygind, Niels en_US
dc.date.accessioned 2009-02-04T10:25:57Z
dc.date.available 2009-02-04T10:25:57Z
dc.date.issued 2007-12-11T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7089
dc.description.abstract The paper investigates the determinants behind the choice between a wage earner position versus employee ownership. These determinants can be found both at the individual level: desire for selfgovernance, risk aversion, human capital, wealth, mobility; company level: size, complexity, heterogeneity of labor, capital intensity, human capital; and society level: labor market dynamics, social security, role of unions and specific institutional rules for employee ownership. The choice is determined by the possibility for wage-earners to adjust working conditions by exit versus the possibilities and costs for employee to use voice as owners of their company. It is predicted that employee ownership will be found in organizations which are small, homogenous, simple in structure, and with high emphasis on specific human capital. The opportunities of globalization with complex organizations crossing borders/cultures will be more difficult to implement in employee owned companies. Specific external institutions (tax incentives, company laws, privatization opportunities) and innovative internal institutions may change the balance in favor of employee ownership. The predictions are not tested, but illustrated by examples especially from recent evidence from Eastern Europe. en_US
dc.format.extent 23 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2007-65 en_US
dc.title Exit or voice en_US
dc.type wp en_US
dc.accessionstatus modt07dec11 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Center for East European Studies en_US
dc.contributor.departmentshort CEES en_US
dc.contributor.departmentuk Center for East European Studies en_US
dc.contributor.departmentukshort CEES en_US
dc.idnumber x656555903 en_US
dc.publisher.city København en_US
dc.publisher.year 2007 en_US
dc.title.subtitle wage earner or employee owner? en_US


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