Owners and managers
Disconnecting Managerial Capitalism? Understanding the Private-Equity Business Model
Bibliographic Data
| ID | 2373360 |
|---|---|
| Authors | Ian Clark (0000-0001-7698-2715, University of Birmingham, corresponding author) |
| Year | 2009 |
| Volume | 23 |
| Issue | 4 |
| Pages | 775-786 |
| Publication date | 2009-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Work Employment and Society (JOURNAL) |
| Journal identifiers | ISSN: 0950-0170 • E-ISSN: 1469-8722 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0950017009344920 |
| OpenAlex | W2107057627 |
| Language | EN |
| Citations received | 16 |
| References cited | 20 |
The 'disconnected capitalism' thesis constructs an argument that structural tendencies within capital markets disrupt established patterns of relations between employers and labour. This ar ticle develops this argument by conceptualizing how the 'private-equity business model' (PEBM) further diffuses these connections and trends.This diffusion is so extensive that the interests of owners are now paramount in all types of business system to the relative exclusion of other stakeholders. The article defines and explains the term 'PEBM' and identifies the theoretical importance of management in managerial capitalism. The ar ticle then goes on to outline how the PEBM disconnects the evaluation of institutional capability and managerial discretion at firm level from the economics of information and direct ownership interests at business system level
Argument (complex analysis · Business · Business model · Capitalism · Discretion · Equity (law · Political science · Public relations · Corporate Finance and Governance · Housing, Finance, and Neoliberalism · Law · Private Equity and Venture Capital · Marketing
The Sociology of Work
The sectoral consequences of private equity acquisitions
Organization studies of inequality, with and beyond Piketty
Business Strategy as Human Rights Risk
Private equity and the flight of the phoenix four-- the collapse of MG Rover in the UK
Analysing the uneven development of private equity in Europe
Annington versus Deutsche Annington
Financialised Private Equity Finance and the Debt Gamble
Parasitic universes
Disguising 'Taking Money Out of a Firm
Financialization and value
New corporate elites and the erosion of the Keynesian social compact
Financialization and the workplace
Finance versus democracy? Theorizing finance in society
Theorizing financialization
Getting personnel
New Forms of Governance in Research Organizations
Modern Corporation and Private Property
Scale and Scope
The Economic Theory of ‘Managerial’ Capitalism
Capitalism and Freedom
Theory of the firm
A behavioral theory of the firm
The Visible Hand
American Capitalism. The Concept of Countervailing Power
American Capitalism
From Pluralism to Individualism
From Pluralism to Individualism
The Nature of the Firm
Contests for Corporate Control
The New Industrial State
Disconnected Capitalism
| Unique citing works | 16 |
|---|---|
| Citations per year | 1 |
| Citation span | 2010 - 2025 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 16 |