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Owners and managers

Author

Listed:
  • Ian Clark

    (University of Birmingham, i.a.clark@bham.ac.uk)

Abstract

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.

Suggested Citation

  • Ian Clark, 2009. "Owners and managers," Work, Employment & Society, British Sociological Association, vol. 23(4), pages 775-786, December.
    • Handle: RePEc:sae:woemps:v:23:y:2009:i:4:p:775-786
    DOI: 10.1177/0950017009344920
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    Citations

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    Cited by:

    1. Jean Cushen & Paul Thompson, 2016. "Financialization and value: why labour and the labour process still matter," Work, Employment & Society, British Sociological Association, vol. 30(2), pages 352-365, April.
    2. Dragoș Adăscăliței & Jason Heyes & Pedro Mendonça, 2022. "The intensification of work in Europe: A multilevel analysis," British Journal of Industrial Relations, London School of Economics, vol. 60(2), pages 324-347, June.
    3. Costas Lapavitsas & Ivan Mendieta-Muñoz, 2017. "Financialisation at a Watershed in the USA JEL Classification: B50, E10, E44, G20," Working Paper Series, Department of Economics, University of Utah 2017_10, University of Utah, Department of Economics.
    4. David A. Spencer, 2011. "Getting personnel," Work, Employment & Society, British Sociological Association, vol. 25(1), pages 118-131, March.

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