Advances in the Economic Analysis of Participatory and Labor-Managed Firms

The eleventh volume of Advances in the Economic Analysis of Participatory and Labor-Managed Firms comprises nine original research chapters on a broad range of topics within the area of participatory organizations. The first chapter uses a novel data set from a large multinational firm to look at an important, yet not well understood question: what determines employees' decisions to join employee share ownership plans? Three contributions deal with the adoption and contributions deal with the adoption and consequences of new work organizations with a higher degree of involvement and decision-making authority of the employees. Another set of three chapters is concerned with the performance impact of stock-based compensation schemes and the impact of Japan's "lost decade" on union wage permia. Two chapters report research on recent challenges facing two specific participatory organizations: the worker-owned cooperative and kibbutz.