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Labour managed vs private firms: an empirical comparison of cooperatives and private firms in central Italy

Bartlett, W., Cable, J., Estrin, S., Jones, D. and Smith, C. (1991) Labour managed vs private firms: an empirical comparison of cooperatives and private firms in central Italy. CEPDP, 17. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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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.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1991 the authors
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 17
Date Deposited: 21 Aug 2008 16:54
URL: http://eprints.lse.ac.uk/21128/

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