The Ownership of Enterprise
Henry Hansmann explains why different industries and different national economies exhibit different patterns of ownership forms.
Cooperative Firms in Theory and Practice
Cooperatives are not, as everyone at this conference knows, just a peripheral or incidental or anachronistic or culturally limited form of organization. Rather, they are big business of a distinctly modern type.
Employee Ownership and Unions: Lessons from the Airline Industry
The U.S. airline industry has, in recent years, offered some conspicuous examples of a phenomenon that has now become familiar, both in the U.S. and abroad, among firms that face economic difficulties: the granting to employees of a substantial ownership stake in return for wage and work rule concessions necessary to maintain the firm’s viability.