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ABSTRACT**: In this article we add to the literature analyzing wages in the nonprofit sector by estimating a wage function based on employer‐employee matched data for Austria. We concentrate on the influence of voluntary contributions on the wage level of paid workers. By using a quantile...
ABSTRACT**: In this paper, we test the extent to which producers’ cooperatives can experience an increase in technical efficiency following a tightening of financial constraints. This hypothesis is tested on a sample of Italian conventional and cooperative firms for the wine production and...
ABSTRACT**: Despite the global importance of mutuals in financial services, and the universal need to measure and improve organizational efficiency in all deposit‐taking institutions, it is only relatively recently that the most advanced econometric and mathematical programming frontier...
ABSTRACT**: This paper examines implications of sunk costs of capital for efficient forms of enterprise. It is assumed that firm owners and outside traders are asymmetrically informed of venture risks, and that there are sunk costs associated with investment in physical and human capital. We...
ABSTRACT**: The purpose of this paper is to assess whether financial performance differences between labour‐managed (LOFs) and mercantile (PCFs) firms are due to differences in their capital‐ownership configuration or to the particular measurement indexes commonly used to quantify performance....
ABSTRACT**: This paper focuses on the voluntary workers who take on responsibilities in French voluntary associations. First, drawing on a national association survey, we contrast the characteristics of leadership volunteers, especially chairpersons, with those of the French population as a...
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