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Buying into capitalism? Employee ownership in a disconnected era

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Article

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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