Buying into Capitalism? Employee Ownership in a Disconnected Era

Brown, Ross; McQuaid, Ronald; Raeside, Robert; Dutton, Matthew; Egdell, Valerie; Canduela, Jesus

Abstract

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.

Citation

Brown, R., McQuaid, R., Raeside, R., Dutton, M., Egdell, V., & Canduela, J. (2019). Buying into Capitalism? Employee Ownership in a Disconnected Era. British Journal of Industrial Relations, 57(1), 62-85. https://doi.org/10.1111/bjir.12309

• Journal Article Type: Article
• Acceptance Date: Mar 23, 2018
• Online Publication Date: Apr 18, 2018
• Publication Date: 2019-02
• Deposit Date: Apr 19, 2018
• Publicly Available Date: Apr 19, 2020
• Journal: British Journal of Industrial Relations
• Print ISSN: 0007-1080
• Electronic ISSN: 1467-8543
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 57
• Issue: 1
• Pages: 62-85
• DOI: https://doi.org/10.1111/bjir.12309
• Public URL: http://researchrepository.napier.ac.uk/Output/1160473