In British retail cooperatives, workers have long had the opportunity to participate financially in their enterprises, through such mechanisms as employee ownership, and to serve on boards. Using data from a 1978 sample of 50 cooperatives, the author of this paper presents econometric estimates...

By using new waves of a panel survey of Bulgarian firms with matching information for chief executives, evidence is presented on the determinants of chief executive compensation during 1992-1995. During that period, findings based on first difference models indicate that changes in CEO pay are...

In this paper we use rich panel data for a representative sample of Estonian enterprises to analyse diverse issues related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine whether ownership changes are related to economic...

The slowdown in productivity growth since the 1970s has led to increased interest in alternative compensation schemes—such as profit sharing and gainsharing—that might raise worker productivity and reduce turnover. In this working paper, Jones, Kato, and Pliskin summarize the rise in...

By using weekly records on efficiency for four production lines in a Finnish food-processing plant during the period 1999–2005, the authors investigate the effects on production line performance once changes in Human Resource Management (HRM) practices were instituted. Using time-series...

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...

Using data for various years, including new data for 1973–84, the authors examine the scope, nature, determinants, and effects of Japanese employee stock ownership plans (ESOPs). In 1988, of firms listed on Japan's eight stock exchange markets, 91% had an ESOP, and the average...

This study of successor unions to the official unions in the former USSR, which uses data from 1992–93 field work and surveys of union leaders, demonstrates that, contrary to the claims of some observers, successor unions are capable of reform. Compared to the old unions, the successor...