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The determinants of investment in employee owned firms: evidence from France

Estrin, S. and Jones, D. (1992) The determinants of investment in employee owned firms: evidence from France. CEPDP, 87. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: 87

Abstract

In this paper we use a large panel data set to test competing hypotheses about investment in employee owned firms (EOFs), especially the view that EOFs will invest less. Most of the variables stressed by labour-management theorists as inhibiting investment are found not to play any role in practice, but the volume of investment is found to be positively associated with the share of investment funded externally. This highlights the crucial role of external finance in supporting investments in EOFs.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1992 the authors
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 20 Aug 2008 16:04
Last Modified: 01 Mar 2013 09:39
URI: http://eprints.lse.ac.uk/id/eprint/21040

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