TY - JOUR
T1 - The life cycle of worker-owned firms in market economies. A theoretical analysis
AU - Ben-ner, Avner
PY - 1988/10
Y1 - 1988/10
N2 - The population of worker-owned firms is likely to grow countercyclically: in contrast with capitalist firms, many worker-owned firms are born during recessions, frequently out of capitalist firms, and are transformed into capitalist firms during economic booms. There exists an offsetting tendency as worker-owned firms are formed during periods of sustained increase in the standard of living and are dissolved during economic decline. These are some of the conclusions of a theoretical analysis of the obstacles to the formation and relative efficiency attributes of worker-owned and capitalist firms carried out in a dynamic framework emphasizing the influence of changes in the environment on organizational life cycles.
AB - The population of worker-owned firms is likely to grow countercyclically: in contrast with capitalist firms, many worker-owned firms are born during recessions, frequently out of capitalist firms, and are transformed into capitalist firms during economic booms. There exists an offsetting tendency as worker-owned firms are formed during periods of sustained increase in the standard of living and are dissolved during economic decline. These are some of the conclusions of a theoretical analysis of the obstacles to the formation and relative efficiency attributes of worker-owned and capitalist firms carried out in a dynamic framework emphasizing the influence of changes in the environment on organizational life cycles.
UR - http://www.scopus.com/inward/record.url?scp=38249026939&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=38249026939&partnerID=8YFLogxK
U2 - 10.1016/0167-2681(88)90052-2
DO - 10.1016/0167-2681(88)90052-2
M3 - Article
AN - SCOPUS:38249026939
VL - 10
SP - 287
EP - 313
JO - Journal of Economic Behavior and Organization
JF - Journal of Economic Behavior and Organization
SN - 0167-2681
IS - 3
ER -