An article co-authored by Derek Jones, the Irma M. and Robert D. Morris Professor of Economics, was published as a chapter in Volume 13 of Advances in the Economic Analysis of Participatory and Labor-Managed Firms. “Insider Ownership and Firm Performance: Evidence from Bulgaria” was written with Mark Klinedinst, emeritus professor of economics at the University of Southern Mississippi.
Jones and Klinedinst used data from Bulgarian manufacturing firms to analyze the impact of the privatization process, particularly insider privatization. The authors determined that, “contrary to mainstream theory and the findings of an influential empirical survey, [the] results show no difference on firm performance for insider versus other methods of privatization.”
Advances in the Economic Analysis of Participatory and Labor-Managed Firms is an edited series containing original theoretical and empirical research on participatory and labor-managed organizations.