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With a growing prominence of sophisticated econometric research in the field of New Economics of Participation (NEP), it is of particular value to learn about real-world examples of participatory and labor-managed firms in the advanced market economies through extensive case studies. In this volume, the authors present such case studies.

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Using both quantitative data from national surveys and qualitative data from our own field research, this paper provides evidence on changes in participatory employment practices in Japan during the economic slowdown in the 1990s. Overall, consistent with the complementarity of such practices and the long-term nature of their effects, evidence points to the enduring nature of such practices (except for small to medium size firms with no union where we find evidence for management to try to weaken the role of employee participation). There are, however, a few early signs of trouble even for large, unionized firms, which might eventually result in the breakdown of the system if left untreated. First, while the number of full time union officials has been falling substantially as a result of continued downsizing of the firm's labor force, the amount of time and effort that union officials need to put into participatory employment practices have not been falling. This often results in an uncompensated increase in workload for union officials. If this trend continues, union officials who have been playing a key role in Japanese participatory management will become less effective and less committed to the interest of the rank and files. Second, top management sometimes finds its participatory management system detrimental to timely and efficient management, and hence tries to streamline the system. Overloaded union officials may offer less resistance to this kind of management initiative. Third, the current system tends to produce a gap in the quantity and quality of information acquired from management between top union officials and their general membership. It is conceivable that such a gap may eventually result in the breakdown of the system.

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This volume gathers recent insights into the determinants, developments and outcomes of employee share ownership. It focuses on a number of new emerging themes in the literature and tests some of the relationships using several, notable European datasets. The authors discuss employee share ownership from the perspective of strategic human resource management (SHRM) and present the 'contextual SHRM model,' where employee ownership is influenced by several environmental pressures, which indicated the need for five specific 'fits' of employee ownership. These fits are: fit of employee ownership with strategy of the firm, with the organizational cultural heritage, with the wider social cultural environment; fit with other HRM practices (internal fit); fit with personal characteristics of employees. The authors explore these fits with several new emerging theories and demonstrate what firms that want employee ownership to be an effective HRM policy need to do.

Employee ownership --- Management --- Autogestion (Employee self-management) --- Codetermination, Worker --- Consultative management --- Economic democracy --- Employee involvement in management --- Employee participation in management --- Employees' representation in management --- Industrial democracy --- Labor participation in management --- Participative management --- Participatory management --- Self-management by employees --- Worker codetermination --- Worker participation in management --- Worker self-management --- Workers' control --- Workers' participation in management --- Workers' self-management --- Industrial relations --- Producer cooperatives --- Buyouts, Worker --- Employee stock purchase plans --- ESOP (Employee stock ownership plans) --- Ownership, Employee --- Stock ownership for employees --- Stock purchase plans, Employee --- Worker buyouts --- Incentives in industry --- Stock ownership --- Employee participation --- E-books --- Employee ownership. --- Employee participation. --- Business & Economics --- Labour economics. --- Labor.