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Do employee-owned firms produce more positive employee behavioural outcomes? If not why not? A British-Spanish comparative analysis

Basterretxea, Imanol and Storey, John (2017). Do employee-owned firms produce more positive employee behavioural outcomes? If not why not? A British-Spanish comparative analysis. British Journal of Industrial Relations (Early Access).

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Whether ‘employee ownership’ takes the form of worker cooperatives, co-ownership or simply employee share ownership plans, there are normally high expectations that a range of positive outcomes will result. Yet many empirically-based studies tend to find a much more complex picture. An influential segment of that empirical literature has posited the need for a number of mutually-reinforcing workforce management components to be in place alongside co-ownership. Drawing on detailed case research in two large and successful co-owned retailers in Spain and Britain this paper examines the role of these wider elements supporting employee ownership. We find that employee ownership can be linked to higher productivity and lower employee turnover, while at the same time being linked to higher absenteeism and mixed effects on attitudes. Expectations held by managers and employees are higher; these expectations are not always fully met. The role of managers was also found to be crucial.

Item Type: Journal Item
Copyright Holders: 2017 Not known
ISSN: 1467-8543
Project Funding Details:
Funded Project NameProject IDFunding Body
A Better Way of Doing Business? Lessons from the John Lewis Partnership (B-12-004-JS)ES/K000748/1ESRC (Economic and Social Research Council)
Direccion de Innovacion y PersonasUPV/EHU (GIU-15/08)University of the Basque Country
Keywords: employee ownership; cooperatives; satisfaction; motivation; engagement; absenteeism; employee turnover
Academic Unit/School: Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Item ID: 49367
Depositing User: John Storey
Date Deposited: 15 May 2017 09:41
Last Modified: 04 Jul 2017 08:46
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