D’une coopérative de consommateurs à la Scop Sadel : concevoir une gouvernance partagée

Billaudeau, Valérie; Moysan, Patrice

doi:10.3917/recma.351.0056

Cited by 1 publication

(1 citation statement)

References 14 publications

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“…In fact, almost all WBOs of ailing firms in my sample are born with a different identification number than the firm they rescued, while such a change of identification number is not legally mandatory. For WBOs of non-profit organizations, the change is expected to be less radical than for WBOs of ailing firms but still entails a substantial change of the firm's goals and technology (Billaudeau and Moysan, 2019). Conversion of non-profit organizations into WOFs implies entering into competitive markets and employing mostly wage workers instead of mostly volunteers (Salamon and Sokolowski, 2018).…”

Section: Firm Characteristics At Entrymentioning

confidence: 99%

Survival advantage of worker buyouts over newly created worker-owned firms

Mirabel

2021

JPEO

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PurposeVarious theories predict that firm buyouts survive longer than newly created firms. The study aims to know whether it is the case for worker-owned firms (WOFs), i.e. firms owned and controlled mostly by their workers.Design/methodology/approachThe author conducted a comparative survival analysis of French WOFs distinguished by their entry mode (i.e. newly created, worker buyouts (WBOs) of sound conventional firms, WBOs of conventional firms in difficulty or WBOs of non-profit organizations).FindingsThe hazard of exit is 32% lower for WBOs of sound conventional firms than newly created WOFs, 18% for WBOs of conventional firms in difficulty and 64% for WBOs of non-profit organizations. The current study confirms that WBOs, even of conventional firms in difficulty, have on average a survival advantage over newly created WOFs. Surprisingly, the author also shows that this survival advantage is similar across sectors with different knowledge intensity but is lower in high capital-intensive sectors than in low capital-intensive ones.Research limitations/implicationsEndogeneity issues limit the scope of the results and should be tackled in future research. Overall, these findings show that WOFs are composed of groups with different survival likelihoods that are obscured if one only looks at the aggregate population.Practical implicationsWith caution, support agencies could foster WBOs of firms in difficulty and of non-profit organizations as viable forms of entrepreneurship.Originality/valueThe current study offers the first survival analysis distinguishing four modes of entry among WOFs.

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Section: Firm Characteristics At Entrymentioning

confidence: 99%

Survival advantage of worker buyouts over newly created worker-owned firms

Mirabel

2021

JPEO

View full text Add to dashboard Cite

show abstract

D’une coopérative de consommateurs à la Scop Sadel : concevoir une gouvernance partagée

Cited by 1 publication

References 14 publications

Survival advantage of worker buyouts over newly created worker-owned firms

Survival advantage of worker buyouts over newly created worker-owned firms

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