Labour Managed vs Private Firms: An Empirical Comparison of Cooperatives and Private Firms in Central Italy

Will Bartlett, J Cable, S Estrin, D Jones and C Smith
Authors registered in the RePEc Author Service: Donald W. Jones, Christie Smith (), Stephen C. Smith and Derek Charles Jones

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: The paper analyses the difference between the behaviour of private firms and producer cooperatives in a matched sample of the two organisational types from Northern Italy, the region with the largest concentration of cooperatives in the world. It therefore offers for the first time reliable and detailed comparative information on key issues such as investment, productivity, wages, employment and industrial relations. Among the more interesting findings are the absence of significant differences with regard to investment horizons and criteria for finance, despite theoretical assertions to the contrary. However, it would appear that cooperatives substitutes labour effort for capital, and achieve higher productivity and better industrial relations, as well as significantly narrower wage differentials.

Date: 1991-01
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0017

Access Statistics for this paper

More papers in CEP Discussion Papers from Centre for Economic Performance, LSE
Bibliographic data for series maintained by ().