The Development of an Organisational Innovation

Management Buy-Outs in the UK, 1980–97

Bibliographic Data

ID8419916
AuthorsMike Wright (0000-0002-5691-2418, University of Nottingham, corresponding author), Ken Robbie (University of Nottingham), Brian Chiplin (University of Nottingham), Mark Albrighton (University of Nottingham)
Year2000
Volume42
Issue4
Pages137-184
Publication date2000-10-01
Open AccessNo
TypeARTICLE
VenueBusiness History (JOURNAL)
Journal identifiersISSN: 0007-6791 • E-ISSN: 1743-7938
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00076790000000305
OpenAlexW1969618589
LanguageEN
Citations received9

This paper analyses the development of management buy-outs and similar transactions as an organisational innovation in the UK. Their development is situated in the context of the historical development of organisations which has previously emphasised shifts from family capitalism sto managerial capitalism and in the context of deregulation and its implications. The paper identifies five periods of development, pre-1980, 1980–84, 1985–89, 1990–94 and 1995 onwards, and shows how the prevalent forms of buy-out have changed and adapted across these periods. The paper analyses the economic impact of buy-out type organisations in terms of financial and ecomomic performance, impact on employment, and the longevity of buy-outs as on ownership form. Two particular continuing problem areas are identified: pricing of transactions and the role of debt

Business · Business history · Economics · Industrial organization · Management · Italy: Economic History and Contemporary Issues · Marketing · Regional Development and Policy

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