TY  - JOUR
AB  - Purpose– In recent years, an increasing interest in the participative practices of the workpeople in their companies has taken place in the European Union. Taking advantage of this situation, the purpose of this paper is to show additional evidence of the benefits from companies with majority worker's capital participation as opposed to firms that do not follow this approach. Bearing in mind, also, that Spain is the only European country with the juridical form of financial majority participation of the workpeople, in order to recommend it in the European context according to the reached results.Design/methodology/approach– To study whether or not there are differences in the two types of companies, a logistic regression model is used.Findings– In this study, results indicate that business profitability (return on assets), productivity and equity capital coefficient are not significant variables for the purpose of determining the distinguishing features of labour‐owned firm (LOF) as against capitalist firm. The only variable of those originally included which has turned out to be significant is the financial profitability (return on equity).Practical implications– Initial proposal: specific European law governing investment capital of employees.Originality/value– The study will be useful to show the characteristics of Spanish LOFs (operating under their own legal structure) and their benefits.
VL  - 36
IS  - 6
SN  - 0306-8293
DO  - 10.1108/03068290910956912
UR  - https://doi.org/10.1108/03068290910956912
AU  - Fernández Guadaño Josefina
PY  - 2009
Y1  - 2009/01/01
TI  - Analysis of the economic differences between capitalist and labour‐owned enterprises
T2  - International Journal of Social Economics
PB  - Emerald Group Publishing Limited
SP  - 679
EP  - 691
Y2  - 2024/04/19
ER  -