| Summary: | This study analyzes the effects on individual firm productivity stemming from the phenomena of employee ownership. These effects are discussed theoretically and tested empirically with a sample of Swedish firms. these firms differs from that of similar firms in other countries. The focus of the Swedish firms is more on employment and less on direct financial returns to owners. The arguments surrounding this firm objective are formalized in order to examine firm behaviour. traditionally-owned firms is shown to stem from organizational features. Proxies are found for these features and the Swedish sample is then employed to estimate their effects on productivity. Estimations are made uisng both a non-parametric total factor productivity technique and a production function. Results of the Swedish estimations do not confirm those results found in previous studies in other countries. The results of the estimations of the two groups of firms, representing different ownership form, were not significantly different from each other. literature by utilizing a combined sample of employee-owned and traditionally-owned firms, and by employing estimation techniques new to the measurement of ownership effects on productivity.
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