Contribution of worker participation to increase efficiency of firms
Date
2004
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
AOSIS
Abstract
There are many factors that may lead to inefficiencies in a firm. One reason is the existence of a principal-agent problem. Linked with this problem is asymmetric information, unaligned motives of principals and agents, distrust (that was rampant in the era of apartheid in South Africa, but more recently the Basic Conditions of Employment Act can fulfil this role) and conflict. Worker participation schemes can help to alleviate this problem and different forms of worker participation schemes are discussed that can increase efficiency of firms.
Description
CITATION: De Villiers, A. P. & Kooy, Z. W. 2004. Contribution of worker participation to increase efficiency of firms. South African Journal of Business Management, 35(3):a659, doi:10.4102/sajbm.v35i3.659.
The original publication is available at https://sajbm.org
The original publication is available at https://sajbm.org
Keywords
Business enterprises
Citation
De Villiers, A. P. & Kooy, Z. W. 2004. Contribution of worker participation to increase efficiency of firms. South African Journal of Business Management, 35(3):a659, doi:10.4102/sajbm.v35i3.659.