This volume includes theoretical and empirical research into changing institutions and employee participation. Topics covered include: - The experience with employee ownership in relation to the fast change of institutions in transitional countries including those in Eastern Europe, the Former Soviet Union, and China; - The influence of the specific institutional setting on development; e.g. For the Mondragon Group of coops or the Italian Cooperative Associations, development as affected both by the institutional structure within the group and the surrounding institutions; - The influence of legislation in different countries of conditions for the development of different types of employee participation; - The re-shaping of the role of the employees as company stakeholders and the impact of these changes on employee motivation, effort and productivity; - The impact of new employee incentive schemes, reward structures or other incentive mechanisms (if any) on firm productivity and financial performance; - Evidence of the implementation and effects of the 'employee share-ownership education'; - The impact of different informal institutions (culture) on the development and performance of different forms of employee participation.