Self-Management, Employee Ownership and Transition

Saul Estrin

Chapter 9 in Equality, Participation, Transition, 2000, pp 145-161 from Palgrave Macmillan

Abstract: Abstract The process of economic reform and transition from plan to market has created unprecedented opportunities for the development of a significant employee owned or controlled sector in large parts of the globe. But these developments have also highlighted some fundamental weaknesses and deficiencies in the traditional self-management literature (see, for example, Ward, 1958; Vanek, 1970; Meade, 1972; Bonin, Jones and Putterman, 1993). These questions were not resolved in the 1970s and 1980s, when the main focus of attention was on producer co-operatives in Western Europe and the United States, and the self-management experiment in Yugoslavia. The issues continue to plague us in our analysis of how to take employee ownership forward in the transition context. My aims in this paper are to highlight the opportunities for employee ownership in this region and to provide some direction as to where I think new research will be needed to yield an appropriate model for this emerging self-managed sector.

Keywords: Corporate Governance; Transition Economy; Insolvency Proceeding; Transition Context; Ownership Stake (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52309-8_9

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DOI: 10.1057/9780230523098_9

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