Article Title

The Determinants of Investment in Employee Owned Firms: Evidence from France

Type of Work

Article

Date

1998

Journal Title

Economic Analysis

Journal ISSN

1366-8099

Journal Volume

1

Journal Issue

1

First Page

17

Last Page

28

Abstract

A large panel data set is used to test competing hypotheses about investment in employee-owned firms (EOFs), especially the view that EOFs will invest less. Most of the variables stressed by theorists as inhibiting investment are found not to play any role in practice, but the volume of investment is found to be positively associated with the share of investment funded externally. This highlights the crucial role of external finance in supporting investments in EOFs.

Hamilton Areas of Study

Economics

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