Dimensions and Perspectives on Financial Participation in Europe

Dr. Simon Fietze; Prof. Dr. Wenzel Matiaske

doi:10.5771/9783845259413

Summary

Der Band blickt auf eine mehrjährige Debatte sowohl in der politischen Diskussion als auch in der Unternehmenspraxis und der sozialwissenschaftlichen Forschung zurück. Insbesondere auf europäischer Ebene ist in den letzten Jahren versucht worden, dieses Instrument der Wirtschaftsdemokratie und Partnerschaft zu fördern und zu harmonisieren. Bis heute sind die rechtlichen Rahmenbedingungen jedoch durch nationale Gesetze und deren Arbeitsbeziehungen gekennzeichnet. So gibt es z.B. in Frankreich aktive rechtliche Förderung, während in Deutschland nur geringe Steueranreize im Rahmen der Vermögensbildung vorhanden sind.

Dieses Buch verbindet die verschiedenen Perspektiven durch Länderberichte aus unterschiedlichen Disziplinen (u.a. Betriebswirtschaft, Wirtschaftssoziologie und Rechtswissenschaften). Des Weiteren werden verschiedenen institutionellen Formen wie Genossenschaften und Kooperativen vorgestellt.

Mit Beiträgen von:

Jens Lowitzsch, Iraj Hashi, Alban Hashani, Jean-Michel Content, Mirella Damiani, Fabrizio Pompei, Andrea Ricci, Herwig Roggemann, Simon Fietze, Wenzel Matiaske, Verena Tosch, Maciej Koz?owski, Spartak Keremidchiev, Eric Kaarsemaker, Eric Poutsma, Nina Pološki Voki?, Maja Klindži?, Ivana Na?inovi? Braje, Mathieu Floquet, Loris Guery, Patrice Laroche, Anne Stevenot, Thomas Steger, Madeleine Dietrich, Christina Beisiegel, Alexander Kern, Thomas Haipeter, Rahma Daly, Marc-Arthur Diaye, Jean-Max Koskievic, Begoña Arregi, Fred Freundlich, Mónica Gago, Maite Legarra, Nerea Lizarraga, Sylvia Gay, Jose Antonio Mendizabal, Ainhoa Larrañaga, Theresia Theurl, Sandra Maria Swoboda

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Bibliographic data

Edition: 1/2016
Copyright Year: 2016
ISBN-Print: 978-3-8487-1876-4
ISBN-Online: 978-3-8452-5941-3
Publisher: Nomos, Baden-Baden
Language: English
Pages: 507
Product Type: Edited Book

Titelei/Inhaltsverzeichnis No access Pages 1 - 5
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1. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. Authors:
  1. 2.1 With regard to information sharing No access
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  2. 2.2 Related to participation in decision-making No access
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  3. 2.3 Contributing to remuneration policy reforms No access
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4. Authors:
  1. 3.1 With regards to ESO and corporate governance No access
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  2. 3.2 With regards to executive remuneration No access
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5. Authors:
  1. 4.1 Governments and the social partners’ attitudes No access
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  2. 4.2 Legal framework No access
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6. Authors:
  1. 5.1 General trends with regards to offer and take-up of ESO-schemes No access
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  2. 5.2 ESO in companies of different size No access
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  3. 5.3 Summary of the empirical findings No access
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7. Authors:
  1. 6.1 SME employee buyouts in privatisation (Spółki Pracownicze, Poland) No access
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  2. 6.2 Decline of Hungary’s employee-owned firms failing long-term policies No access
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  3. 6.3 Failing sustainable support to employee shareholding in Lithuania No access
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8. 7. Policy recommendations: EFP needs sustainable political support to realise its potential, especially a stable legal framework No access
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9. References No access
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1. Abstract No access
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2. 1. Historical background No access
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3. 2. Some developments No access
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4. 3. The lack of harmonisation No access
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5. 4. The challenges No access
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6. References No access
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1. Abstract No access
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2. 1. Introduction: Sharing in capital – way out of structural deficits in participation – necessary political support – steps of analysis No access
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3. Authors:
  1. 2.1 Financial participation – alternative or in addition to minimum wage system – political and legal-political implications No access
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  2. 2.2 Employee participation and European legal and political activities on the way to a new European social order No access
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  1. 3.1 Arguments in favour of financial participation No access
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  2. 3.2 Positive effects of employee co-ownership in cases of crisis and conflict No access
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  3. Authors:
    1. 3.3.1 Counter-argument ‘double risk’ No access
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    2. 3.3.2 Structural counter-argument: Lack of institutionalised representation of different interests of labour and capital – traditional thinking of German trade unions No access
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5. 4. Legal compatibility of traditional German labour law and new regulations on participation in capital No access
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6. Authors:
  1. Participation in decision-making without financial participation No access
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7. 6. Functional change of property rights and participation by share ownership No access
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8. Authors:
  1. 7.1 The society of owners and the society of non-owners No access
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  2. 7.2 From the divided society of owners and of non-owners towards a new society of co-owners? No access
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  3. 7.3 Deficits and practice of participation in capital No access
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9. 8. Legal grounds of financial participation – overview No access
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10. 9. Models and examples of financial participation by sharing capital in practice No access
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11. Authors:
  1. 10.1 Not a new act of substantial legislation but only an enumerative act No access
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  2. 10.2 Limitation of supporting legal measures No access
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  3. 10.3 Elimination of the principle of voluntariness – binding effects for enterprise and employees No access
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  4. 10.4 Tax allowance no longer only for payment on top of standard wages No access
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  5. 10.5 Limitation of tax allowance – limited effect of the law No access
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  6. 10.6 Socio-economic correlation of privatization and employee capital participation No access
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  7. 10.7 The law of 2009 – a way out or a failure? No access
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  8. 10.8 Conclusion: Need for evaluation and further basic reform of the law of 2009 No access
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12. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. 2. Research methodology perspectives on employee ownership in Germany No access
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    1. 3.1.1 Political movement No access
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    2. 3.1.2 Industrial movement No access
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  2. Authors:
    1. 3.2.1 Founding fathers of the social market economy in Germany No access
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    2. 3.2.2 The Volksaktie case No access
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    3. 3.2.3 Industry developments towards joint venturer No access
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    4. 3.2.4 Development of asset policies in Germany No access
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    5. 3.2.5 Last employee ownership attempt No access
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    6. 3.2.6 Codetermination in Germany No access
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    7. 3.2.7 Employee ownership today No access
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5. 4. Discussion and perspectives on employee ownership in Germany No access
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6. References No access
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7. Appendices No access
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1. Abstract No access
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2. 1. Introduction No access
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3. 2. Aim and design of the study No access
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4. Authors:
  1. 3.1 Prevalence and intensity of financial participation No access
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  2. 3.2 Motives for introducing financial participation schemes No access
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  3. 3.3 Management’s motives and target achievement from the works council’s perspective – contrasting two views No access
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  4. 3.4 Obstacles for financial participation No access
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  5. 3.5 Problems from the works council’s and employee representatives’ perspective No access
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  6. 3.6 Linkage of financial and organisational participation No access
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  7. 3.7 Assessment of financial participation from the works councils’ and employee representatives’ perspective No access
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5. 4. Multivariate estimation No access
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6. 5. Conclusion No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. 2. Financialisation and profit sharing No access
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4. 3. Regulation of profit sharing wages in collective agreements No access
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5. Authors:
  1. 4.1 Profit sharing - origins and initiatives No access
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  2. 4.2 Profit indicators and profit sharing payments No access
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  3. 4.3 Interpretation patterns of the employees and legitimacy of the works councils No access
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6. 5. Concluding remarks No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. 2. State of the Art No access
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4. 3. Methods No access
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  1. 4.1 Economic overview No access
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  2. 4.2 The silent partnership No access
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  3. Authors:
    1. (a) The personality of the managing director No access
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    2. (b) The role of traditions and values No access
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    3. (c) The employee information No access
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    4. (d) The communication and relationship between management and employees No access
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    5. (e) The employee participation and influence No access
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  4. Authors:
    1. (a) The personality of the managing director No access
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    2. (b) The role of traditions and values No access
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    3. (c) The employee information No access
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    4. (d) The communication and relationship between management and employees No access
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    5. (e) The employee participation and influence No access
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  5. 4.5 Problems and challenges No access
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6. Authors:
  1. 5.1 Economic overview No access
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  2. 5.2 The silent partnership No access
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  3. Authors:
    1. (a) The personality of the founder No access
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    2. (b) The role of traditions and values No access
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    3. (c) The employee information No access
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    4. (d) The communication and relationship between management and employees No access
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    5. (e) The employee participation and influence No access
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  4. Authors:
    1. (a) The personality of the founder No access
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    2. (b) The role of traditions and values No access
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    3. (c) The employee information No access
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    4. (d) The communication and relationship between management and employees No access
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    5. (e) The employee participation and influence No access
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  5. 5.5 Problems and challenges No access
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7. Authors:
  1. (a) The personality of the managing director No access
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  2. (b) The role of traditions and values No access
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  3. (c) The employee information No access
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  4. (d) The communication and relationship between management and employees No access
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  5. (e) The employee participation and influence No access
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8. 7. Conclusions No access
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9. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. Authors:
  1. 2.1 Profit sharing in French firms: Common and specific determinants No access
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  2. 2.2 Profit sharing and wages in French firms No access
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4. 3. Data set and methodology No access
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5. 4. Results No access
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6. 5. Discussion No access
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7. 6. Conclusion No access
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8. References No access
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1. Abstract No access
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2. 1. Introduction No access
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  1. 2.1 Related literature No access
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  2. 2.2 The Italian institutional setting No access
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  1. 3.1 Data No access
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  2. 3.2 Descriptive statistics No access
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  1. The econometric strategy No access
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  1. 5.2 OLS estimates No access
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  2. 5.2 IV and 3SLS estimates No access
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7. 6. Conclusions No access
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8. References No access
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9. Appendix No access
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1. Abstract No access
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2. 1. Introduction No access
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  1. 2.1 Frequency and company characteristics No access
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  2. 2.2 Motives No access
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  3. 2.3 What does the typical employee share ownership scheme look like? No access
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4. Authors:
  1. 3.1 Government measures and taxation No access
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  2. 3.2 Government, trade unions, employers’ organisations No access
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  3. 3.3 Financial institutions No access
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  4. 3.4 Developments, participation, entrepreneurship No access
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5. 4. Scenarios and the ‘Dutch model’ No access
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6. 5. Summary and conclusions No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. Authors:
  1. 2.1 Financial participation: definition and current situation No access
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  2. Authors:
    1. 2.2.1 Impact on businesses No access
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    2. 2.2.2 Impact on employees: No access
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    3. 2.2.3 Impact on society No access
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  3. Authors:
    1. 2.3.1 Trade union positions critical of EFP No access
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    2. 2.3.2 Trade union positions in favour of EFP No access
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  4. 2.4 Review of the positions of European socio-economic institutions on EFP No access
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4. Authors:
  1. 3.1 Methodological approach No access
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  2. 3.2 Context No access
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  3. 3.3 Participants No access
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  4. 3.4 Data collection No access
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  5. 3.5 Data analysis No access
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5. Authors:
  1. 4.1 Category: Agents' strategies on financial participation No access
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  2. 4.2 Category: Comprehensive participation No access
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  3. 4.3 Category: Strategies for Promoting EFP No access
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  4. 4.4 Category: The objective of EFP No access
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6. 5. Conclusions No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. 2. Theoretical background No access
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4. 3. Research Method No access
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5. Authors:
  1. 4.1 The company and employee structure No access
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  2. 4.2. Marginal distributions of variables No access
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6. Authors:
  1. 5.1 The analysis of correlation between the selected characteristics of the companies No access
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  2. 5.2 Other barriers and facilitations affecting EFP realization No access
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  3. 5.3 Benefits from EFP No access
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7. 6. Conclusions No access
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8. References No access
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1. Abstract No access
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2. 1. Background No access
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3. Authors:
  1. 2.1 Cooperative movement No access
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  2. 2.2 Introducing workers’ self-management during the socialism No access
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  1. 3.1 General attitudes No access
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  2. Authors:
    1. 3.2.1 Mass privatisation process No access
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    2. 3.2.2 Management and employee buyouts No access
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    3. 3.2.3 Minority interest sales No access
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  1. 4.1 Current attitude towards EFP No access
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  2. Authors:
    1. 4.2.1 Employee stock ownership participation No access
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    2. 4.2.2 Participation in profit sharing No access
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  3. 4.3 EFP in cooperatives No access
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6. 5. Perspectives on development of the employee participation in Bulgaria No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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  1. 2.1 Foundations of financial participation in Croatia No access
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  2. 2.2 Financial participation in Croatia from the 1990s to the present day No access
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  3. 2.3 Current legal and fiscal support of financial participation in Croatia No access
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  1. 3.1 External contextual determinants No access
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  2. 3.2 Internal company-specific determinants No access
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  3. 3.3 Determinants at the individual level No access
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  1. 4.1 Methodology No access
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  2. 4.2 Presence of financial participation No access
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  3. 4.3 Determinants of financial participation No access
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6. 5. Conclusion No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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3. 2. What does theory say about financial participation and attitudes towards risk? No access
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  1. 3.1 The database No access
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  2. 3.2 The main variables No access
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  1. 4.1 Classification Tree Method No access
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  2. 4.2 Logistic Regression Model No access
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6. 5. Conclusion No access
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7. References No access
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1. Abstract No access
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2. 1. Introduction No access
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  1. 2.1 Economic rents through the formation of an enterprise No access
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  2. 2.2 Added value in networks No access
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  3. 2.3 Simultaneous suppliers and customers No access
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  4. 2.4 Values for the members, not for the investors No access
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  5. 2.5 Member value of cooperatives No access
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  6. 2.6 Cooperative owner control No access
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  7. Authors:
    1. 2.7.1 Upgrading of business locations No access
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    2. 2.7.2 Correction of market failures No access
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    3. 2.7.3 Easing of adaptation processes No access
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    4. 2.7.4 Facilitating an economic participation No access
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  1. 3.1 Personnel as members No access
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  2. Authors:
    1. 3.2.1 Direct form of EFP No access
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    2. 3.2.2 Indirect forms of EFP No access
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  1. 4.1 The foundation of cooperatives as an instrument of EFP No access
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  2. 4.2 The foundation of cooperatives for the purpose of realising special projects No access
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  3. 4.3 The foundation of cooperatives to prevent an exit from the market No access
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  4. 4.4 The foundation of cooperatives for the purpose of business succession No access
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  5. 4.5 The foundation of cooperatives for the purpose of entering into the market No access
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6. 5. Restrictions and perspectives No access
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7. References No access
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