Wilson, Nicholas; Zhang, Hao; Robinson, Andrew - In: The determinants of the incidence and the effects of …, (pp. 211-226). 2003
In this paper, we develop, analyze, and test the hypothesis that partial employee ownership may be used as an institutional arrangement to economize on the costly problem of ex post opportunism inherent in the investment of specific human capital. Based on a unique survey of 655 British firms,...
