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Dimensions and Perspectives on Financial Participation in Europe

Editors:
Publisher:
 2016

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



Bibliographic data

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

Table of contents

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

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