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Employeeism: Corporate Governance and Employee Share Ownership in Transitional Economies

In: Collected Works of Domenico Mario Nuti, Volume II

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  • Domenico Mario Nuti

    (University of Rome)

Abstract

Under the heading of “corporate governance” we include problems arising when an enterprise is owned by more than one owner and managed by a hired managerial group, and also the rules and incentives appropriate to make it function as efficiently and impartially as if it were owned and run by a single owner-entrepreneur. Throughout this essay we shall refer to co-owners as shareholders, thus implicitly referring to joint stock companies; unless otherwise stated, decisional (voting) powers are presumed to be distributed in proportion to ownership. Mutatis mutandis, identical considerations apply to any form of enterprise co-ownership and attribution of decisional powers.

Suggested Citation

  • Domenico Mario Nuti, 2023. "Employeeism: Corporate Governance and Employee Share Ownership in Transitional Economies," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume II, chapter 18, pages 407-438, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-031-23167-4_18
    DOI: 10.1007/978-3-031-23167-4_18
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