Prelims

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SHARING IN THE COMPANY: DETERMINANTS, PROCESSES AND OUTCOMES OF EMPLOYEE PARTICIPATION

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ADVANCES IN THE ECONOMIC ANALYSIS OF PARTICIPATORY & LABOR-MANAGED FIRMS

Series Editor: Takao Kato

Recent Volumes:

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ADVANCES IN THE ECONOMIC ANALYSIS OF PARTICIPATORY & LABOR-MANAGED FIRMS VOLUME 17

SHARING IN THE COMPANY: DETERMINANTS, PROCESSES AND OUTCOMES OF EMPLOYEE PARTICIPATION

EDITED BY

ERIK POUTSMA

Radboud University of Nijmegen, Nijmegen, The Netherlands

PAUL E. M. LIGTHART

Radboud University of Nijmegen, Nijmegen, The Netherlands

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

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First edition 2017

Copyright © 2017 Emerald Publishing Limited

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-78560-966-4 (Print)

ISBN: 978-1-78560-965-7 (Online)

ISBN: 978-1-78714-888-8 (Epub)

ISSN: 0885-3339

List of Contributors

Foreword

The series Advances in the Economic Analysis of Participatory & Labor-Managed Firms was launched 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. Although general and specialized journals publish work in this field, many do so only occasionally. Advances has been the only annual peer-reviewed periodical that presents some of the best papers in the field in a single volume.

It is my great pleasure to present Volume 17 of Advances in the Economic Analysis of Participatory & Labor-Managed Firms. Advances has been making frequent use of guest editors. This volume is also ably edited by Erik Poutsma and Paul E.M. Ligthart. Unlike the previous volumes, this volume takes the form of a research monograph (nearly all chapters are written by the guest editors and their collaborators), demonstrating the flexibility of Advances.

The scope of Advances will also continue to reflect great changes in the realities of participatory organizations over the past few decades. Following the disintegration of the Former Republic of Yugoslavia, the principal systemic example of self-management was replaced with diverse forms of participatory systems. In advanced market economies, many firms have been experimenting with new and innovative work practices aimed at promoting employee participation in decision making in the workplace (sometimes even at the top corporate level) and alternative compensation systems designed to align the interest between labor and management. In addition, a number of significant examples of worker cooperatives have flourished. In transition economies, the collapse of the former USSR triggered widespread experimentation with diverse forms of participation, in particular employee ownership. Finally, with the rise of the East Asian economies (first Japan, then South Korea, and most recently China), the geographical scope of Advances started to expand to include East Asia. This volume continues to reflect the emergence of multiple centers of gravity of the global economy.

Methodologically Advances will continue to welcome papers utilizing diverse methodologies ranging from conventional economic analysis (including both theoretical and econometric studies) to new institutional economics to behavioral economics.

I hope you will find this volume informative and stimulating and that you will consider contributing to the future volumes of Advances and sharing information about Advances with other interested colleagues.

Takao Kato

Series Editor