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Book part
Publication date: 6 July 2004

Derek C Jones

This volume of Advances in the Economic Analysis of Participatory and Labor Managed Firms marks the second volume in this series to be produced by Elsevier. The previous…

Abstract

This volume of Advances in the Economic Analysis of Participatory and Labor Managed Firms marks the second volume in this series to be produced by Elsevier. The previous volume “The Determinants of the Incidence and the Effects of Participatory Organizations” edited by Takao Kato and Jeffrey Pliskin, marked the re-launching of the series. (The series began in 1985. Six volumes appeared during 1985–1995 when the series was published by JAI and was co-edited by Jan Svejnar and Derek C. Jones.)

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Employee Participation, Firm Performance and Survival
Type: Book
ISBN: 978-0-76231-114-9

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Book part
Publication date: 25 November 2010

Takao Kato

The series Advances in the Economic Analysis of Participatory & Labor-Managed Firms was launched 25 years ago by Derek C. Jones and Jan Svejnar. Since then, Advances has…

Abstract

The series Advances in the Economic Analysis of Participatory & Labor-Managed Firms was launched 25 years ago by Derek C. Jones and Jan Svejnar. Since then, Advances has been a leading forum for high-quality original theoretical and empirical research in the broad area of participatory and labor-managed organizations. Although general and specialized journals publish work in this field, many do so only occasionally. Advances has been the only annual periodical that presents some of the best chapters in the field in a single volume.

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Advances in the Economic Analysis of Participatory & Labor-Managed Firms
Type: Book
ISBN: 978-0-85724-454-3

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Article
Publication date: 30 September 2019

Derek C. Jones, Niels Mygind and Patrick Sen

The purpose of this paper is to investigate whether performance is enhanced if firms use employee involvement (EI) in decision-making and financial participation (FP) in…

Abstract

Purpose

The purpose of this paper is to investigate whether performance is enhanced if firms use employee involvement (EI) in decision-making and financial participation (FP) in an emerging market economy.

Design/methodology/approach

The authors use representative data for Estonian firms. The authors estimate diverse forms of production functions. Some are restricted to individual forms of EI (including membership on boards by nonmanagerial employees) or individual forms of FP (such as employee ownership and profit sharing). To investigate the complementarity hypothesis findings, the authors construct systems of EI and FP and estimate diverse specifications.

Findings

For individual forms of EI, cross-sectional estimates indicate that alone, typically such mechanisms have little impact. However, panel estimates do provide support for some forms of FP such as employee ownership and profit sharing increasing business performance. Tests of the complementarity hypothesis provide only weak evidence in support of the synergies between EI and FP.

Research limitations/implications

Together with the results from related studies, the findings support the more general finding that FP practices have positive effects on productivity; the limited impact of EI alone and weak evidence for complementarities suggest an important role for the institutional context in accounting for the effectiveness of the mechanisms underlying EI and thus to the differences in the impact of EI and FP across institutional contexts; reinforce findings from other studies of emerging market economies of inertia in EI and FP practices during early transition.

Originality/value

This is the first study for a former transition economy/emerging market economy that uses detailed information on EI and FP to investigate individual and complementary effects.

Details

Journal of Participation and Employee Ownership, vol. 2 no. 2
Type: Research Article
ISSN: 2514-7641

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Book part
Publication date: 5 January 2006

This volume of Advances in the Economic Analysis of Participatory and Labor-Managed Firms marks the third volume in this series to be produced by Elsevier. The two…

Abstract

This volume of Advances in the Economic Analysis of Participatory and Labor-Managed Firms marks the third volume in this series to be produced by Elsevier. The two previous volumes, Employee Participation, Firm Performance and Survival, edited by Virginie Perotin and Andrew Robinson, published in 2004, and The Determinants of the Incidence and the Effects of Participatory Organizations, edited by Takao Kato and Jeffrey Pliskin and published in 2003, marked the re-launching of the series. (The series began in 1985. Six volumes appeared during 1985–1995 when the series was published by JAI and was co-edited by Jan Svejnar and Derek C. Jones.)

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Participation in the Age of Globalization and Information
Type: Book
ISBN: 978-0-76231-278-8

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Book part
Publication date: 6 December 2011

Takao Kato

The series Advances in the Economic Analysis of Participatory and Labor-Managed Firms was launched over 25 years ago by Derek C. Jones and Jan Svejnar. Since then…

Abstract

The series Advances in the Economic Analysis of Participatory and Labor-Managed Firms was launched over 25 years ago by Derek C. Jones and Jan Svejnar. Since then, Advances has been a leading forum for high-quality original theoretical and empirical research in the broad area of participatory and labor-managed organizations. Although general and specialized journals publish work in this field, many do so only occasionally. Advances has been the only annual periodical that presents some of the best papers in the field in a single volume.

Details

Advances in the Economic Analysis of Participatory and Labor-Managed Firms
Type: Book
ISBN: 978-0-85724-760-5

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Book part
Publication date: 11 September 2012

Takao Kato

The series Advances in the Economic Analysis of Participatory and Labor-Managed Firms was launched almost three decades ago by Derek C. Jones and Jan Svejnar. Since then…

Abstract

The series Advances in the Economic Analysis of Participatory and Labor-Managed Firms was launched almost three decades ago by Derek C. Jones and Jan Svejnar. Since then, Advances has been a leading forum for high-quality original theoretical and empirical research in the broad area of participatory and labor-managed organizations. While general and specialized journals publish work in this field, many do so only occasionally. Advances has been the only annual periodical that presents some of the best papers in the field in a single volume.

Details

Advances in the Economic Analysis of Participatory and Labor-Managed Firms
Type: Book
ISBN: 978-1-78190-221-9

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Article
Publication date: 17 July 2018

Derek C. Jones

The purpose of this paper is to discuss diverse matters concerning the field of Participation and Employee Ownership (PEO) coinciding with the launch of the JPEO.

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Abstract

Purpose

The purpose of this paper is to discuss diverse matters concerning the field of Participation and Employee Ownership (PEO) coinciding with the launch of the JPEO.

Design/methodology/approach

This paper used mixed methods including bibliometric analysis.

Findings

Significant gaps exist in our knowledge of the scope and nature of PEO. Citation counts illustrate both the changing composition of research within PEO and faster relative growth than terms used to describe related fields such as labor unions and trade unions. Based on manually collected citation data I identify the most highly cited studies within PEO. Few of these studies attain a “home-run” citation count. However, PEO scholars are cited 19 percent more than economists in top 30 schools and the median C5 (total citations for the author’s five most highly cited papers) is more than 260 percent of the median for economists in “top 30” institutions. There is also some weak evidence that the citation bias in economics against female scholars is not as marked in PEO as elsewhere. A qualitative assessment of PEO studies suggests markedly uneven progress in empirical work across types of PEO.

Originality/value

No similar review has been done before.

Details

Journal of Participation and Employee Ownership, vol. 1 no. 1
Type: Research Article
ISSN: 2514-7641

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Article
Publication date: 19 October 2020

Derek C. Jones

The main aim of this paper is to provide an assessment of the intellectual impact of the work of Jaroslav Vanek in the related fields of participation and labor management…

Abstract

Purpose

The main aim of this paper is to provide an assessment of the intellectual impact of the work of Jaroslav Vanek in the related fields of participation and labor management (hereafter, PLM) and participation and employee ownership (hereafter, PEO).

Design/methodology/approach

This paper used mixed methods including bibliometric analysis.

Findings

Vanek's work, particularly the General Theory of Labor-Managed Market Economies, (Vanek, 1970) is the building block for the modern scientific study of cooperatives and for helping to establish the fields of PLM and PEO. Vanek (1970) continues to be the highest cited publication each year that investigates the pure case of a labor-managed firm. Arguably his work has played a significant role is setting the stage for the development of adjacent fields in economics such as the new institutional economics. For an economist, his work has had an unusually strong impact on work outside of economics.

Originality/value

No similar assessment has been undertaken before.

Details

Journal of Participation and Employee Ownership, vol. 3 no. 2/3
Type: Research Article
ISSN: 2514-7641

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Book part
Publication date: 15 December 2015

Michael A. Conte and Derek C. Jones

We outline an economic theory of choice of organizational form, concentrating on explaining the selection of contractual relations within employee-owned firms. We then…

Abstract

We outline an economic theory of choice of organizational form, concentrating on explaining the selection of contractual relations within employee-owned firms. We then test the theory on a new database of U.S. producer cooperatives and find that the theory is largely supported by the data. Our principal conclusion is that producer cooperative formations have been rather strongly responsive to variations in economic conditions. While procyclical theories are clearly rejected, countercyclical theories receive considerable support. Neither political motivations nor legal institutions, especially the existence of cooperative incorporation laws, appear to have accounted for a portion of cooperative formations on a systematic basis. Support organizations have significant positive impacts on the formation rate of new cooperatives.

Details

Advances in the Economic Analysis of Participatory & Labor-Managed Firms
Type: Book
ISBN: 978-1-78560-379-2

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Book part
Publication date: 21 November 2014

Derek C. Jones, Modestas Gelbuda and Kimberly Walker

While innovative work practices (IWPs), such as self-directed teams and performance related pay, have become commonplace in firms around the world, little is known about…

Abstract

While innovative work practices (IWPs), such as self-directed teams and performance related pay, have become commonplace in firms around the world, little is known about their nature and effects in emerging market countries. This study uses new data collected from face-to-face interviews with large samples of workers from two manufacturing firms in Lithuania in 2005 mainly to investigate hypotheses concerning the effects of IWPs on firm and worker outcomes. In these cases we find: (i) the range of IWPs is limited though particular IWPs, notably self-directed teams, are strongly evident; (ii) in view of the historical legacy, the incidence of some outcomes, notably monitoring, was surprisingly high; (iii) typically self-directed teams positively impact worker outcomes, notably job satisfaction and employee involvement, though effects on monitoring and effort are less frequent; (iv) typically equity ownership and bonuses do not affect worker outcomes, though positive impacts on effort and peer monitoring sometimes are found; (v) the evidence for complementary effects of teams and performance pay or financial participation is very weak. In the main, these findings do not support the mutual gains theory that IWPs positively impact both firm and worker outcomes.

Details

International Perspectives on Participation
Type: Book
ISBN: 978-1-78441-169-5

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