Capital Ownership Structure Research Articles

Capital Ownership Structure and Innovation Performance: An Empirical Analysis on Turkish Auto Industry

Capital Ownership Structure and Innovation Performance: An Empirical Analysis on Turkish Auto Industry

Assessing employee-owned firms: an examination of the Spanish economic model

Employee-owned firms (EOFs) form part of the so-called social economy, and they are seen as an alternative business model that aims to establish itself as a third way, different to conventional capitalist firms and public enterprises. These firms meet the Spanish legal requirements (Law 44/2015) for employee ownership designation. This paper assesses whether the capital ownership structure is a key factor determining operating performance, productivity and solvency, or in other words, the impact the firm’s capital ownership structure may have on its economic performance, labour factor and capital factor. Based on a sample of small employee-owned firms and non-employee owned firms, the study develops an empirical methodology using a panel data analysis. The study shows the characteristics of Spain’s EOFs as an alternative legal form of employee share ownership, which is included in the Social Economy, but different from cooperative societies.

Employee-owned and capitalist firms: is performance linked to ownership?

This paper does a comparative analysis of the economic performance between employee-owned firms (EOFs) and conventional capitalist companies (non-employee-owned firms, NEOFs). EOFs show good economic performance if the different objectives that distinguish them from NEOFs are considered. These differences stem precisely from the different capital-ownership structures. Nevertheless, the results deteriorate if profitability and productiveness are analysed. The results for productivity differ from theoretical thought which considers that the main differences between these two types of structures should be explained by the double condition people have as both partners and workers in the EOF; this link between company and workers should translate into increased productiveness. The results of the analysis do not empirically demonstrate the positive effects that were expected with an EOF structure. There are, however, sufficient motives for extending the study to the compared analysis of other subjects that work under specific legal regulations and even to the compared analysis of other regulative forms that exist in other Member States of the European Union.

MANAGERIAL STYLE AND ITS MANAGERIAL IMPLICATIONS FOR ORGANIZATIONS IN THE SLOVAK REPUBLIC

The article presents outcomes of a survey focusing on a style of management in Slovak organizations, using Blake amp;Mouton's managerial grid. The results presented ate based on a survey, consisting of a sample of 512 questionnaires addressing all managerial levels in Slovak companies. The corporations included in the survey are from various industries and fields of business as well as of different financial and capital ownership structures. The main objective of the survey is to portray management style of the managers in Slovakia from the perspective of managerial grid, analyzing people or task orientation in their managerial work. Further, the paper illustrates the differences in management style regarding the gender and the capital ownership of the company and depicts the consistency of the management style in relation to subordinates with the preferred management style from the superiors.

Managerial style and its managerial implications for organizations in the Slovak republic

Abstract The article presents outcomes of a survey focusing on a style of management in Slovak organizations, using Blake & Mouton's managerial grid. The results presented ate based on a survey, consisting of a sample of 512 questionnaires addressing all managerial levels in Slovak companies. The corporations included in the survey are from various industries and fields of business as well as of different financial and capital ownership structures. The main objective of the survey is to portray management style of the managers in Slovakia from the perspective of managerial grid, analyzing people or task orientation in their managerial work. Further, the paper illustrates the differences in management style regarding the gender and the capital ownership of the company and depicts the consistency of the management style in relation to subordinates with the preferred management style from the superiors.