 Broad‐Based Employee Ownership and Labour Productivity During the 2008 Recession: Evidence from Public Firms in EuropeKyoung Yong Kim and Pankaj C. Patel British Journal of Industrial Relations, 2020, vol. 58, issue 2, 396-423 Abstract: Did publicly traded European firms with employee ownership (EO) realize higher firm performance during or after the Great Recession? Contributing to the growing interest in exploring the association between EO and firm performance during and after the 2008 economic crisis, we draw on a longitudinal sample of 4,259 firm‐years representing 892 publicly traded firms from 28 European countries. The results show that compared to firms without EO, those with EO experienced higher firm performance during or after the recession, albeit with small effect size. Consistent with past findings, we found that firms with EO were less likely to lower their employee count during or after the recession. Findings are robust to controlling for contemporaneous endogeneity and alternate specifications. Our results indicate that publicly traded European firms with EO, on average, realized higher firm performance in the face of the Great Recession. Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:brjirl:v:58:y:2020:i:2:p:396-423 Ordering information: This journal article can be ordered from Access Statistics for this article British Journal of Industrial Relations is currently edited by Edmund Heery More articles in British Journal of Industrial Relations from London School of Economics Contact information at EDIRC. |
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