CEU Electronic Theses and Dissertations, 2012
| Author | Glodik, Oksana |
|---|---|
| Title | The Effect of Employee Ownership on Employment and Wages: Evidence from Romania |
| Summary | This paper analyzes the effect of employee ownership on employment and wages in Romania using a firm-level data for Romanian enterprises for years 1992-2005. Insider ownership in Romania emerged as a result of Management-Employee Buyouts (MEBOs). I find that employee ownership has a positive effect on employment independently on the size of employee ownership. Employee ownership is also associated with slightly lower wages compared to state-owned firms, but I find no difference between employee-owned and other private domestically-owned firms in this respect (assuming similar selection mechanisms). I find no evidence of higher employment and lower wages on future employee-owned firms before the privatization and it can be concluded that Romanian MEBO firms place more emphasis on employment than on wages. |
| Supervisor | Telegdy Álmos |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2012/glodik_oksana.pdf |
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