Factors of a successfully implemented compulsory settlementMarjeta Zorin Bukovšek
, Borut Bratina
, Polona Tominc
, 2017, izvirni znanstveni članek
Opis: In Slovenia, many companies try to avoid bankruptcy with the introduction of a compulsory settlement procedure, but only a handful of companies successfully complete the compulsory settlement in the sense of a final repayment of creditors in accordance with the adopted financial restructuring plan. The article identified the factors affecting the confirmation of a compulsory settlement as well as the factors affecting the final repayment of creditors and, thus, permanently eliminated the causes of insolvency. The factors were divided into internal and external, whereby the impact of factors on a successfully completed compulsory settlement was verified using quantitative and qualitative research methods.
Ključne besede: compulsory settlement, insolvency, financial restructuring plan, business restructuring, ownership restructuring
Objavljeno: 09.08.2017; Ogledov: 145; Prenosov: 33
Celotno besedilo (324,39 KB)
The analysis of barriers in succession processes of family business with the use of grey incidence analysis (Polish Perspective)Ewa Więcek-Janka
, Rafał Mierzwiak
, Joanna Kijewska
, 2016, izvirni znanstveni članek
Opis: The article presents results of research on the identification and evaluation of barriers faced by successors in family businesses during the first process of succession. The analysis of empirical material used grey systems theory, which was considered as an equivalent for the analysis of small samples and qualitative research. While conducting the literature review and empirical study, the authors concentrated on (a) the identification of barriers in the development of family firms and (b) eliciting the perspective of the new generation of owners in family firms entering the succession process through an empirical analysis of the assessed level of risk in relationships with family and business.
Ključne besede: family business, company performance, business efficiency, leadership, ownership, family, risk, research, grey incidence analysis, grey system theory
Objavljeno: 14.11.2017; Ogledov: 208; Prenosov: 27
Celotno besedilo (695,38 KB)
The determinants of employee ownership plan implementation in EU countries - the quest for economic democracyRicardo Machado
, 2016, izvirni znanstveni članek
Opis: Background and purpose: Kelso’s quest to identify the economic counterpart of political democracy and, as a corollary, his concern about the nature of the economic system’s organisation needed to support the institutions of a politically free society, contributed two important terms: economic power and democracy. Following Kelso’s reasoning, my research study aims to understand the determinants of the implementation of economic democracy, measured by the incidence of employee share ownership plans, within European Union countries.
Methodology: Setting out with the theory of one of the founding fathers of employee stock ownership plans, I perform a cross-country analysis spanning five years (2008-2012) to explain the incidence level of employee ownership by independent variables operationalizing the political, legal, socio-educational and economic structures of twenty European Union countries. Using secondary data from the European Federation of Employee Share Ownership, I explain the determinants’ pertinence, while accounting for severe data limitations.
Results: I report a strong correlation between employee ownership incidence and the index of economic freedom. However, the labour market’s freedom, the trustworthiness of and confidence in financial markets and the quality of secondary and tertiary education do not deliver clear-cut results.
Conclusion: Further research should comprehensively scrutinise country-specific factors regarding corporate governance issues and cross-cultural controls. Employee ownership researchers should consider this field of research to understand why countries that are so-called employee ownership champions are experiencing widening income inequality.
Ključne besede: employee ownership, economic democracy, free markets, economic freedom, equity markets
Objavljeno: 22.01.2018; Ogledov: 53; Prenosov: 15
Celotno besedilo (469,44 KB)
The employee as the unknown actor?Olaf Kranz
, Thomas Steger
, Ronald Hartz
, 2016, izvirni znanstveni članek
Opis: Background and purpose: Although employee share ownership (ESO) deserves of a long tradition, we still know little about employees’ perspectives about ESO. The lack of knowledge about the employees’ attitudes towards ESO is discursively filled in the ESO debate. This paper challenges that deficit by carrying out a semantic analysis of the literature with the aim to identify the various actor constructions used implicitly in the ESO discourse.
Design/Methodology/Approach: We conduct a semantic analysis of the ESO discourse. To unfold the order of this discourse we draw on the distinction between surface and underlying structure of communication in the sense of Michel Foucault. We interpret some semantic lead differences, a term coined by Niklas Luhmann, to constitute the underlying structure of communication.
Results: We can identify six different streams on the ESO discourse’s surface level each defined by the ends pursued. The discourse’s underlying structure is made up of the distinctions production-consumption, capital-labour, and ownership-control that also determine the actor models implicitly in use.
Conclusion: We can identify five different actor models implicit in the ESO discourse. While the CEE discourse differs on the surface level in as far as it is more concerned with questions of political legitimation of the privatisation process than with questions of economic efficiency, thus introducing political distinctions in the discourse rather missing in the west, it shares the underlying semantic lead differences with the Western discourse as well as the actor models anchored in those differences.
Ključne besede: Employee Share Ownership, discourse analysis, semantic lead distinctions, actor constructions, CEE countries
Objavljeno: 22.01.2018; Ogledov: 91; Prenosov: 5
Celotno besedilo (657,20 KB)
Conservation of rice terraces in JapanKoji Kobayashi
, Chisato Harada
, 2010, pregledni znanstveni članek
Opis: Since the 1960s, many farming fields have been left abandoned in Japan. However, rice terrace conservation activities have been spreading extensively in recent years as many people have reconfirmed the multi-functionality of rice terraces in Japan. This paper introduces rice terraces in the Sakaori District of Gifu Prefecture in Japan, and describes the current state of conservation activities as well as challenges ahead that people will face in preserving rice terraces in Japan. It is shown that the efforts and contributions of the Sakaori Rice Terrace Conservation Association members are the primary driving force for conservation and development of the rice terraces in the Sakaori District. However, it is also noteworthy that the farming workforce supporting the Sakaori Rice Terrace Conservation Association is continually diminishing and that the aging of this workforce is causing serious problems as well.
Ključne besede: rice terrace (tanada), farming villages, the Sakaori Rice Terrace Conservation Association, rice terrace ownership system
Objavljeno: 29.03.2018; Ogledov: 39; Prenosov: 11
Celotno besedilo (144,04 KB)