Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop)
This thesis compares the performance of worker-owned firms (WOFs) and conventional firms. These types of firms differ by their distribution of ownership rights and their mode of governance. In WOFs, the ultimate control is held by the suppliers of labour, whereas in conventional firms the ultimate c...
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| Language: | English |
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Association Recherche & Régulation
2022-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/21648 |
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| author | Thibault Mirabel |
| author_facet | Thibault Mirabel |
| author_sort | Thibault Mirabel |
| collection | DOAJ |
| description | This thesis compares the performance of worker-owned firms (WOFs) and conventional firms. These types of firms differ by their distribution of ownership rights and their mode of governance. In WOFs, the ultimate control is held by the suppliers of labour, whereas in conventional firms the ultimate control is held by the suppliers of capital. WOFs represent an implementation of democracy in firms. Despite their attractiveness, WOFs represent a minute proportion of firms in our contemporary economies (2,400 in France). This thesis seeks to bring new insights and stylized facts to better understand the rarity of WOFs. Chapter 1 shows that the likelihood of WOF entry is the highest when the sunk cost of human capital is dominant while the sunk cost of physical capital is negligible. Chapter 2 shows that WOFs survive longer than conventional firms regardless of whether they have different or similar entry resources. Chapter 3 shows that any type of worker buyout, even from firms in difficulty, survives longer than newly created WOFs. Overall, this thesis suggests that the rarity of WOFs is more likely to result from entry barriers specific to WOFs rather than from poor performance compared to CFs. |
| format | Article |
| id | doaj-art-f7eb003829bb439d95579005cdf8f163 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-f7eb003829bb439d95579005cdf8f1632025-01-30T14:25:40ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962022-12-0133210.4000/regulation.21648Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop)Thibault MirabelThis thesis compares the performance of worker-owned firms (WOFs) and conventional firms. These types of firms differ by their distribution of ownership rights and their mode of governance. In WOFs, the ultimate control is held by the suppliers of labour, whereas in conventional firms the ultimate control is held by the suppliers of capital. WOFs represent an implementation of democracy in firms. Despite their attractiveness, WOFs represent a minute proportion of firms in our contemporary economies (2,400 in France). This thesis seeks to bring new insights and stylized facts to better understand the rarity of WOFs. Chapter 1 shows that the likelihood of WOF entry is the highest when the sunk cost of human capital is dominant while the sunk cost of physical capital is negligible. Chapter 2 shows that WOFs survive longer than conventional firms regardless of whether they have different or similar entry resources. Chapter 3 shows that any type of worker buyout, even from firms in difficulty, survives longer than newly created WOFs. Overall, this thesis suggests that the rarity of WOFs is more likely to result from entry barriers specific to WOFs rather than from poor performance compared to CFs.https://journals.openedition.org/regulation/21648labor-managed firmworker cooperativesurvivalbarrier to entrysunk costemployee ownership |
| spellingShingle | Thibault Mirabel Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop) Revue de la Régulation labor-managed firm worker cooperative survival barrier to entry sunk cost employee ownership |
| title | Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop) |
| title_full | Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop) |
| title_fullStr | Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop) |
| title_full_unstemmed | Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop) |
| title_short | Performance et rareté des coopératives de travailleurs : contributions empiriques à partir du cas français (Scop) |
| title_sort | performance et rarete des cooperatives de travailleurs contributions empiriques a partir du cas francais scop |
| topic | labor-managed firm worker cooperative survival barrier to entry sunk cost employee ownership |
| url | https://journals.openedition.org/regulation/21648 |
| work_keys_str_mv | AT thibaultmirabel performanceetraretedescooperativesdetravailleurscontributionsempiriquesapartirducasfrancaisscop |