A Stake in Place? The Geography of Employee Ownership and its Implications for a Stakeholding Society
Bibliographic Data
| ID | 8963170 |
|---|---|
| Authors | Jane Wills (0000-0002-5123-0207, University of Southampton, corresponding author) |
| Year | 1998 |
| Volume | 23 |
| Issue | 1 |
| Pages | 79-94 |
| Publication date | 1998-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Transactions of the Institute of British Geographers (JOURNAL) |
| Journal identifiers | ISSN: 0020-2754 • E-ISSN: 1475-5661 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.0020-2754.1998.00079.x |
| OpenAlex | W2041457200 |
| Language | EN |
| Citations received | 11 |
| References cited | 26 |
In recent years employee ownership has become a means by which some workers facing privatization, closure or takeover have attempted to defend their jobs and communities. Proponents of a ‘stakeholding’ society have advocated the widening of share ownership as a means of democratizing the economy, building partnerships and achieving consensus at work. But is employee ownership able to sustain local investment and industrial partnership? Through a detailed case study of a management and employee buyout in the railway industry, I suggest that the ability of employee ownership to fix investment in place may be enhanced by relations of ‘stakeholding’, increasing employee commitment to the firm and its future. In the case studied here, however, lack of employee power and finance effectively excluded most workers from the processes and philosophy of the buyout. The new ownership structure did little to reshape local relations between workers and those in control. While ownership cannot eradicate economic threats to community, it might, if used as a mechanism to promote new styles of management and employee commitment, foster long‐term success. It is argued that government and trade unions can do more to promote wider employee ownership and participation at work in the future
Business · Control (management · Economics · Employee engagement · General partnership · Government (linguistics · Investment (military · Management · Market economy · Political science · Politics · Power (physics · Public relations · Work (physics · Finance · Industrial relations · Labor Movements and Unions · Law · Social Sciences and Governance · Transport and Economic Policies
From local consciousness to global change
The Emergence of Online Food Retailing
Shareholder value’ versus the regions
Political economy II
Industrial geography
Sustaining the Rust Belt
Progressive Economic Development Policies
"Alternatives to the "New Urban Politics
Paradoxes of community-building
Filling the Vacuum in New Management Practice? Lessons from US Employee-Owned Firms
Space for Stakeholding? Stakeholder Capitalism and Economic Geography
Democracy and the global order
Beyond associative democracy
Spatial Outcomes of Capital Restructuring
Worker + Capitalism = The New Industrial Relations
Uneven Reserves
Geographies of Labour Market Governance
The Power of Geography
Locality and Community in the Politics of Local Economic Development
Law, Socialism and Democracy
The Worker Directors
Neo-Marshallian Nodes in Global Networks
Stakeholder Economy? From utility privatisation to New Labour
Using Ownership to Control
| Unique citing works | 11 |
|---|---|
| Citations per year | 0,41 |
| Citation span | 1999 - 2021 (23) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 11 |