Comparative empirical observations on worker-owned and capitalist firms

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The paper analyzes the available quantitative information on worker-owned and capitalist firms in a few industrialized countries in an attempt to draw a comparative profile of their respective sectors. The population of worker-owned firms is found to be heterogeneous, changing over time, and significantly different from the population of capitalist firms. Worker-owned firms are smaller, concentrate in a few industries, and since the mid 1970s have higher birth rates and lower demise rates than capitalist firms. These findings are interpreted with the aid of a theoretical framework and in a broad historical context.

Original languageEnglish (US)
Pages (from-to)7-31
Number of pages25
JournalInternational Journal of Industrial Organization
Issue number1
StatePublished - Mar 1988


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