Why is labour-managed firm entry so rare? An analysis of UK manufacturing data

被引：26
|
作者：
Podivinsky, Jan M. [1 ]
Stewart, Geoff [1 ]
机构：
[1] Univ Southampton, Sch Social Sci, Econ Div, Southampton S017 1BJ, Hants, England
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2007年 / 63卷 / 01期
关键词：
labour-managed firms; entry; count data;
D O I：
10.1016/j.jebo.2006.02.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Why are there so few labour-managed entrants in market economies? We address this question by analysing a panel of labour-managed entrants into UK manufacturing industries. Using Poisson and negative binomial random effects models, our main finding is a significant negative relationship between entry counts and both the capital-labour ratio and the variance of profits. This is consistent with long-standing theoretical arguments that labour-managed firms face problems in raising capital and spreading risk. (c) 2006 Elsevier B.V. All rights reserved.
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页码：177 / 192
页数：16
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