Employee Ownership in Britain Today. Interim Findings From the 2014-15 Employee Ownership Survey

17 Pages Posted: 17 Mar 2015

See all articles by Andrew Pendleton

Andrew Pendleton

Durham University Business School

Andrew M. Robinson

University of Leeds - Faculty of Business; University of Leeds - Division of Accounting and Finance

Date Written: February 28, 2015

Abstract

The paper reviews the current state of employee ownership in Britain. It discusses the various forms of employee ownership, highlighting trust-owned, directly-owned, and hybrid forms. It then considers the influences on the development of employee ownership, finding that political support is the strongest but not the only influence in employee ownership activity. The paper highlights variations in the ownership and governance characteristics of employee-owned firms, and links these to the circumstances of ownership conversion. Four main groups of employee-owned firms are identified: conversions arising from privatisation, business succession, owners concerns to share ownership, and business start-ups.

Keywords: Employee ownership, employee trusts

JEL Classification: J54, L30, M20, P13

Suggested Citation

Pendleton, Andrew and Robinson, Andrew M., Employee Ownership in Britain Today. Interim Findings From the 2014-15 Employee Ownership Survey (February 28, 2015). Available at SSRN: https://ssrn.com/abstract=2578921 or http://dx.doi.org/10.2139/ssrn.2578921

Andrew Pendleton (Contact Author)

Durham University Business School ( email )

Mill Hill Lane
Durham, Durham DH1 3LB
United Kingdom

Andrew M. Robinson

University of Leeds - Faculty of Business ( email )

Leeds LS2 9JT
United Kingdom
0113-343-4907 (Phone)

University of Leeds - Division of Accounting and Finance ( email )

Leeds LS2 9JT
United Kingdom

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