The performance of employee-owned businesses in Scotland: some preliminary empirical evidence

Ross Brown, Ronald McQuaid, Robert Raeside, Jesus Canduela, Kevin Kane (Editor)

Research output: Contribution to journalArticle

Abstract

In recent years, there has been a growing focus on promoting the concept of employee-ownership of businesses within public policy. One of the strong drivers of this is an assumption that these businesses out-perform conventionally structured businesses. This paper highlights some of the findings from the first empirical examination of the growth performance of employee-owned businesses (EOBs) ever undertaken in Scotland. The study involved an in-depth examination of a small sample of employee owned firms and a quasi-experimental comparison of these firms against a control group of non-employee owned firms. The study confirms that the performance of EBOs is generally superior to that of non EBOs on a number of different variables. On average, employee-owned firms both employ more staff and exhibit higher turnover growth than their peers. The results of this analysis are discussed and the policy implications arising from the study are outlined.
LanguageEnglish
Pages108-117
Number of pages110
JournalFraser of Allander Economic Commentary
Volume37
Issue number3
Publication statusPublished - 13 Mar 2014

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Empirical evidence
Employees
Scotland
Turnover
Peers
Employee ownership
Policy implications
Staff
Small sample
Public policy

Keywords

  • Fraser of Allander Institute
  • Scottish economy
  • Scottish business performance
  • employee owned business

Cite this

Brown, R., McQuaid, R., Raeside, R., Canduela, J., & Kane, K. (Ed.) (2014). The performance of employee-owned businesses in Scotland: some preliminary empirical evidence. Fraser of Allander Economic Commentary, 37(3), 108-117.
Brown, Ross ; McQuaid, Ronald ; Raeside, Robert ; Canduela, Jesus ; Kane, Kevin (Editor). / The performance of employee-owned businesses in Scotland : some preliminary empirical evidence. In: Fraser of Allander Economic Commentary. 2014 ; Vol. 37, No. 3. pp. 108-117.
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Brown, R, McQuaid, R, Raeside, R, Canduela, J & Kane, K (ed.) 2014, 'The performance of employee-owned businesses in Scotland: some preliminary empirical evidence' Fraser of Allander Economic Commentary, vol. 37, no. 3, pp. 108-117.

The performance of employee-owned businesses in Scotland : some preliminary empirical evidence. / Brown, Ross; McQuaid, Ronald ; Raeside, Robert; Canduela, Jesus ; Kane, Kevin (Editor).

In: Fraser of Allander Economic Commentary, Vol. 37, No. 3, 13.03.2014, p. 108-117.

Research output: Contribution to journalArticle

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Brown R, McQuaid R, Raeside R, Canduela J, Kane K, (ed.). The performance of employee-owned businesses in Scotland: some preliminary empirical evidence. Fraser of Allander Economic Commentary. 2014 Mar 13;37(3):108-117.