Buying into capitalism? Employee ownership in a disconnected era
Brown, Ross ; McQuaid, Ronald W. ; Raeside, Robert ; Dutton, Matthew ; Egdell, Valerie ; Canduela, Jesus
British Journal of Industrial Relations
2019
57
1
March
62-85
workers stock ownership ; workers participation ; employment security
Wages and wage payment systems
https://doi.org/10.1111/bjir.12309
English
Bibliogr.
" This article considers whether employee ownership mitigates the negative workplace outcomes identified by the Disconnected Capitalism Thesis (DCT). Drawing on a programme of in‐depth interviews with workers and managers in employee‐owned businesses (EOBs), the article reveals how they are partially insulated from the vicissitudes endemic within contemporary capitalism. In contrast to the workplace outcomes envisaged within the DCT, these firms are characterized by strong workforce participation, high levels of employment security, active employee engagement and strong levels of employee creativity. Not only are these features beneficial for productivity and firm performance, they generate a form of ‘connected' capitalism, partially offsetting wider negative systemic forces at play in the economy."
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