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The performance of employee-owned businesses in Scotland: some preliminary empirical evidence

Brown, Ross; McQuaid, Ronald W; Raeside, Robert; Canduela, Jesus


Ross Brown

Ronald W McQuaid

Jesus Canduela


In recent years, there has been a growing focus on promoting the concept of employee-ownership of businesses within public policy. One of the strong drivers of this is an assumption that these businesses out-perform conventionally structured businesses. This paper highlights some of the findings from the first empirical examination of the growth performance of employee-owned businesses (EOBs) ever undertaken in Scotland. The study involved an in-depth examination of a small sample of employee-owned firms and a quasi-experimental comparison of these firms against a control group of nonemployee owned firms. The study confirms that the performance of EBOs is generally superior to that of non EBOs on a number of different variables. On average, employee-owned firms both employ more staff and exhibit higher turnover growth than their peers. The results of this analysis are discussed and the policy implications arising from the study are outlined.

Journal Article Type Article
Publication Date Mar 13, 2014
Deposit Date Apr 28, 2015
Publicly Available Date May 2, 2017
Journal Fraser of Allander Institute Economic Commentary
Print ISSN 2046-5378
Publisher University of Strathclyde
Peer Reviewed Peer Reviewed
Volume 37
Issue 3
Pages 108-123
Keywords Fraser of Allander Institute; Scottish economy; Scottish business performance; employee owned business; Economic Theory; Commerce; Finance; Economics; Econometrics and Finance(all); Organizational Behavior; Human Resource Management;
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Contract Date May 2, 2017


The performance of employee-owned businesses in Scotland: some preliminary empirical evidence (142 Kb)

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