LEADER 04944nam 2200733Ia 450 001 9910778455903321 005 20230925043147.0 010 $a0-674-03830-4 024 7 $a10.4159/9780674038301 035 $a(CKB)1000000000805523 035 $a(StDuBDS)AH23050729 035 $a(SSID)ssj0000217221 035 $a(PQKBManifestationID)11191086 035 $a(PQKBTitleCode)TC0000217221 035 $a(PQKBWorkID)10202137 035 $a(PQKB)10488875 035 $a(Au-PeEL)EBL3300599 035 $a(CaPaEBR)ebr10326144 035 $a(OCoLC)923112294 035 $a(DE-B1597)574519 035 $a(DE-B1597)9780674038301 035 $a(MiAaPQ)EBC3300599 035 $a(OCoLC)1294426001 035 $a(EXLCZ)991000000000805523 100 $a19960521d1996 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe ownership of enterprise$b[electronic resource] /$fHenry Hansmann 210 $aCambridge, MA $cThe Belknap Press of Harvard University Press$d1996 215 $a1 online resource (xi, 372p. )$cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-674-64970-2 311 $a0-674-00171-0 320 $aIncludes bibliographical references (p. 299-363) and index. 327 $tFrontmatter --$tContents --$tPreface --$tIntroduction --$tPART I A Theory of Enterprise Ownership --$t1 An Analytic Framework --$t2 The Costs of Contracting --$t3 The Costs of Ownership --$tPART II Producer-Owned Enterprise --$t4 Investor-Owned Firms --$t5 The Benefits and Costs of Employee Ownership --$t6 Governing Employee-Owned Firms --$t7 Agricultural and Other Producer Cooperatives --$tPART III Customer-Owned Enterprise --$t8 Retail, Wholesale, and Supply Firms --$t9 Utilities --$t10 Clubs and Other Associative Organizations --$t11 Housing --$tPART IV Nonprofit and Mutual Enterprise --$t12 Nonprofit Firms --$t13 Banks --$t14 Insurance Companies --$tConclusion --$tNotes --$tSources --$tIndex 330 $bThe investor-owned corporation is the conventional form for structuring large-scale enterprise in market economies. But it is not the only one. Even in the United States, noncapitalist firms play a vital role in many sectors. Employee-owned firms have long been prominent in the service professions - law, accounting, investment banking, medicine - and are becoming increasingly important in other industries. The buyout of United Airlines by its employees is the most conspicuous recent instance. Farmer-owned produce cooperatives dominate the market for most basic agricultural commodities. Consumer-owned utilities provide electricity to one out of eight households.;Key firms such as MasterCard, Associated Press, and Ace Hardware are service and supply cooperatives owner by local businesses. Occupant-owned condominiums and cooperatives are rapidly displacing investor-owned rental housing. Mutual companies owned by their policyholders sell half of all life insurance and one-quarter of all property and liability insurance. And nonprofit firms, which have no owners at all, account for 90 percent of all nongovernmental schools and colleges, two-thirds of all hospitals, half of all day-care centres, and one-quarter of all nursing homes.;Henry Hansmann explores the reasons for this diverse pattern of ownership. He explains why different industries and different national economies exhibit different distributions of ownership forms. The key to the success of a particular form he shows, depends on the balance between the costs of contracting in the market and the costs of ownership. And he examines how this balance is affected by history and by the legal and regulatory framework within which firms are organized.;With noncapitalist firms now playing an expanding role in the former socialist countries of Eastern Europe and Asia as well as in the developed market economies of the West, "The Ownership of Enterprise" should be a relevant book for business people, policymakers and scholars. 606 $aCorporations$zUnited States 606 $aBusiness enterprises$zUnited States 606 $aNonprofit organizations$zUnited States 606 $aPrivate companies$zUnited States 606 $aEmployee ownership$zUnited States 606 $aStock ownership$zUnited States 606 $aMutualism$zUnited States 606 $aCorporation law$zUnited States 615 0$aCorporations 615 0$aBusiness enterprises 615 0$aNonprofit organizations 615 0$aPrivate companies 615 0$aEmployee ownership 615 0$aStock ownership 615 0$aMutualism 615 0$aCorporation law 676 $a338.70973 700 $aHansmann$b Henry$0240766 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910778455903321 996 $aOwnership of enterprise$950010 997 $aUNINA