The Conflicting Logic of Markets and the Management of Production

Konzelmann, S. and F. Wilkinson (2011) ‘The Conflicting Logic of Markets and the Management of Production.’ in Zumbansen, P. and C. Williams (eds.) The Embedded Firm: Labour, Corporate Governance and Finance Capitalism. Cambridge: Cambridge University Press

13 Pages Posted: 1 May 2012

See all articles by Suzanne J. Konzelmann

Suzanne J. Konzelmann

University of London - Birkbeck College - Faculty of Social Sciences, School of Management and Organizational Psychology; University of Cambridge - Faculty of Social and Political Sciences

Frank Wilkinson

affiliation not provided to SSRN

Date Written: May 26, 2011

Abstract

This paper examines the current role of the capital market and its effects, not only on operating companies, but also on society. We describe the growth of ‘worker capital’ in the world’s financial markets and with it, the emergence of potential conflicts of interest among shareholder groups. We then examine the relationship between corporate governance and labor management and consider the impact of labour management on productive system efficiency. We go on to explore the influence of corporate governance on stakeholder relationships – and by extension, on co-operation within productive systems – as a way of understanding how corporate governance might impact the system’s performance.

Keywords: Workers' capital, corporate governance, productive systems

JEL Classification: G23, G32, J32, J53

Suggested Citation

Konzelmann, Suzanne J. and Wilkinson, Frank, The Conflicting Logic of Markets and the Management of Production (May 26, 2011). Konzelmann, S. and F. Wilkinson (2011) ‘The Conflicting Logic of Markets and the Management of Production.’ in Zumbansen, P. and C. Williams (eds.) The Embedded Firm: Labour, Corporate Governance and Finance Capitalism. Cambridge: Cambridge University Press, Available at SSRN: https://ssrn.com/abstract=2049393 or http://dx.doi.org/10.2139/ssrn.2049393

Suzanne J. Konzelmann (Contact Author)

University of London - Birkbeck College - Faculty of Social Sciences, School of Management and Organizational Psychology ( email )

Malet Street
Bloomsbury
London, WC1E 7HX
United Kingdom
+44 (0) 207 631 6799 (Phone)

HOME PAGE: http://www.bbk.ac.uk/management/our-staff/academics/konzelmann

University of Cambridge - Faculty of Social and Political Sciences ( email )

ESRC Centre for Business Research
Cambridge, CB2 1TN
United Kingdom
+44 1223 337733 (Phone)

Frank Wilkinson

affiliation not provided to SSRN

No Address Available

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