Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219896 
Year of Publication: 
2017
Series/Report no.: 
Institute of Economic Research Working Papers No. 73/2017
Publisher: 
Institute of Economic Research (IER), Toruń
Abstract: 
Empirical research on the influence of the degree of ownership concentration in the employee-owned companies on their sales revenues thematically fits into the issue of efficiency of the direct privatisation method, in particular giving a state-owned enterprise for use against payment. The main goal of this article is to verify the research hypothesis stating that in employee-owned companies an increase in the degree of ownership concentration leads to an increase in sales revenues. In conducted empirical studies parameters of a Cobb-Douglas production function were estimated by Ordinary Least Squares method for two variants, differing in the way of measuring the degree of ownership concentration. The research hypothesis formulated in this paper was verified negatively as the increase in the degree of ownership concentration in employee-owned companies caused the decrease in their sales revenues.
Subjects: 
privatisation process
direct privatisation
employee-owned company
productivity
ownership structure
JEL: 
D24
G32
L33
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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