Gorm Winther

Participatory Democracy May Go a Long Way: Comparative Growth Performance of Employee Ownership Firms in New York and Washington States

This article presents results from two studies implemented in the USA from 1990 to 1993. A main finding of the studies was that participatory decision-making in employee ownership firms seems to be a key explanatory variable to relatively faster growth rates than in conventional firms. Other indicative findings on participatory employee ownership firms outperforming conventional participatory firms lead us to hypothesize whether employee ownership and participatory decision-making may have a synergistic performance effect. A longitudinal approach mainly suggests that employee ownership firms perform worse than conventional firms before the inception of an employee ownership programme, but better afterwards. The findings are discussed in relation to economic theories on profit sharing and on participatory and labour-managed firms.

The Political Economy of Northern Regional Development : Vol. I

“….Taking the structure and functioning of the Arctic regional economies and the degree of economic dependence as a point of departure, these regions self-reliance and comparative ...

Macroeconomic Analysis of the Open Trade Economy and the Greenland Economy

The issues, I will present are at first the theory of windfall gains, second the socalled Greenland model and third methods in empirical tests of the model of windfall gains. The overarching concern of my paper is that we have already witnessed the first misinterpretations due to the use of the windfall gains model.