Evaluando el desempeño económico-financiero de las empresas propiedad de los trabajadores

  1. Fernández-Guadaño, Josefina
  2. López-Millán, Manuel
Journal:
Revista CIRIEC Costa Rica: Revista de Economía Social y Solidaria

ISSN: 2215-6577

Year of publication: 2022

Issue Title: Revista CIRIEC Costa Rica

Volume: 1

Issue: 1

Pages: 70-71

Type: Article

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More publications in: Revista CIRIEC Costa Rica: Revista de Economía Social y Solidaria

Abstract

Employee-owned firms (EOF, "employee-owned firms") are part of the so-called Social Economy which is understood as an alternative business model that is established within the Third Sector, a different path to the one established by conventional capitalist companies and public companies. These companies comply with the Spanish requirements defined by Law 44/2015, where the characteristics of worker-owned companies designated under the corporate form of Sociedades Limitadas Laborales in Spain are established. This paper evaluates whether or not different capital ownership is a key factor determining operating performance, productivity and solvency; or, in other words, whether or not different capital structure affects economic-financial performance, the labor factor and capital. The study is based on a sample of SMEs, both worker-owned and conventional capitalist firms, to analyze their evolution and impact by developing an empirical methodology using panel data analysis. In this way the study shows the characteristics of Spanish SOEs as an alternative legal form of employee-owned capital stock, but different from Cooperative Societies.

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