Creación y destrucción comparada de cooperativas de trabajadores y empresas capitalistas en Uruguay

Andrés Dean

No 15-15, Documentos de Trabajo (working papers) from Instituto de Economía - IECON

Abstract: This paper revisits the question of why there are so few labor-managed firms in capitalist economies. We analyze the processes of creation (entries) and destruction (exits) of labor-managed firms, compare to capitalist firms. We focus on macroeconomic conditions changes that affect firms, favoring its creation or dissolution. And particularly if these changes affect labor-managed firms and capitalist firms differently. We use a panel data including the universe of worker cooperatives and a sample of 20% of Uruguayan capitalist firms, during the period 1996-2013. While part of the theoretical and empirical literature suggests that entries and exits of labor-managed firms follow a countercyclical pattern, we find evidence partially supporting this hypothesis. Furthermore our evidence suggests that creation and dissolution flows of this kind of firms are also driven by institutional factors.

Keywords: Entries; Exits; Business cycle; Labor-managed Firms (search for similar items in EconPapers)
JEL-codes: D21 J54 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015-10
New Economics Papers: this item is included in nep-ent, nep-hme and nep-lam
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https://hdl.handle.net/20.500.12008/7156

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Persistent link: https://EconPapers.repec.org/RePEc:ulr:wpaper:dt-15-15

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