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Workers' buyout: the Italian experience, 1986-2016

Author

Listed:
  • Salvatore Monni

    (Roma Tre University, Italy)

  • Giulia Novelli

    (Roma Tre University, Italy)

  • Laura Pera

    (Roma Tre University, Italy)

  • Alessio Realini

    (Roma Tre University, Italy)

Abstract

Workers’ buyout (WBOs) are emerging during the present economic crisis as an alternative tool to maintain employment and production. In Italy, in the last thirty years, 258 cases have been recorded. What are their general characteristics? Why do WBOs develop and who are the main sponsors and financing tools? The present analysis aims at defining the phenomenon and the enabling environment. Moreover, primary sources collected from different actors will explain how WBOs have developed and thrived across Italy saving jobs and productive capacity.

Suggested Citation

  • Salvatore Monni & Giulia Novelli & Laura Pera & Alessio Realini, 2017. "Workers' buyout: the Italian experience, 1986-2016," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 526-539, June.
    • Handle: RePEc:ssi:jouesi:v:4:y:2017:i:4:p:526-539
    DOI: 10.9770/jesi.2017.4.4(10)
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    References listed on IDEAS

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    Cited by:

    1. Tatyana Pritvorova & Bysuly Tasbulatova & Yelena Petrenko, 2018. "Possibilities of Blitz-Psychograms as a tool for human resource management in the supporting system of hardiness of company," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 840-853, December.
    2. Andrea Bernardi & Andrea Cori & Mattia Granata & Keti Lelo & Salvatore Monni, 2022. "Rescuing firms in a co-operative way: worker buyouts in Italy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(1), pages 242-260, September.
    3. Andrea BERNARDI & Cécile BERRANGER & Anita MANNELLA & Salvatore MONNI & Alessio REALINI, 2021. "A Global but not Spontaneous Firm: Co-operatives and the Solidarity Funds in Italy," CIRIEC Working Papers 2101, CIRIEC - Université de Liège.

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    More about this item

    Keywords

    cooperatives; cooperative movement; worker cooperatives; employee participation; collective ownership;
    All these keywords.

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • J80 - Labor and Demographic Economics - - Labor Standards - - - General
    • J83 - Labor and Demographic Economics - - Labor Standards - - - Workers' Rights
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises

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