No it does not. Copyright law gives the copyright holder absolute control over any copies made, whether for your own use or for any other reason.
Computer software sometimes gives you the right to make a single copy for archive purposes, but that is an agreement between you and the software manufacturer; in other words, they keep copyright, but grant you the permission. No other medium routinely gives you this right.
As someone pointed out, OOP is a decision by the publisher NOT the copyright holder. Believe me on this one – it wasn’t my idea to let my novel go OOP :(.
As Robb points out, the reason you make a copy has absolutely no relevance in copyright infringement. The only reason you can do so with cassettes, etc. is that no one can police every attempt at copying – and remember, copyright violation is a civil offense, not a criminal one. You have to sue the violator; you can’t have the police come in and arrest anyone.