Labour Managed Firms in Spain

Alfonso Morales Gutiérrez, Sonia Martín López and Gustavo Lejarriaga Pérez de las Vacas ()
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Sonia Martín López: soniamartinlopez@ccee.ucm.es
Gustavo Lejarriaga Pérez de las Vacas: Universidad Complutense de Madrid

CIRIEC-España, revista de economía pública, social y cooperativa, 2008, issue 62, 61-85

Abstract: There are at least two types of companies: conventional capitalist companies or Profit Maximizing Firms (PMFs) and, on the other hand, companies managed by their workforce or Labour-Managed Firms (LMFs). The entrepreneurial structures in Spain which include this second type are worker cooperatives (cooperativas de trabajo asociado) and public or limited liability worker-owned companies (sociedades laborales). This paper describes how this type of company has evolved using a set of indicators and offers a closer look at some of the reasons which explain the current difficult situation which, as will be shown, can be considered as critical in the case of cooperatives.

Keywords: Labour-Managed Firms; worker cooperatives; worker-owned companies; employment. (search for similar items in EconPapers)
JEL-codes: J21 J54 M41 P13 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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