In this chapter, we provide the first empirical study of the effects of differing types of majority ownership, including employee ownership, on executive compensation. By investigating the case of Estonia, we also extend the range of geographical coverage of studies of the determinants of...

This volume of Advances in the Economic Analysis of Participatory and Labor-Managed Firms consists of twelve original and innovative articles. The first four papers relate to the growing literature on employee participation and firm performance. The second group of papers looks at the impact of...