Owners and managers: Disconnecting managerial capitalism? understanding the private-equity business model

Work, Employment and Society

Volumn 23, Issue 4, 2009, Pages 775-786

  Clark, Ian ^a  

^a UNIVERSITY OF BIRMINGHAM   (United Kingdom)

Author keywords

Disconnected capitalism; Employment relations; Financialization; Private equity business model

Indexed keywords

EID: 72749110734     PISSN: 09500170     EISSN: None     Source Type: Journal    
DOI: 10.1177/0950017009344920     Document Type: Article

References (28)

1. Bacon, N., Demina, N. and Wright, M. (2004) HRM in Management Buyouts, British Journal of Industrial Relations 42(2): 325-48.
2. Baumol, W. (1959) Business Behaviour, Value and Growth. New York: Macmillan.
3. Berle, A. and Means, G. (1932) The Modern Corporation and Private Property. New York, Macmillan.
4. Bvca (2008) UK Private Equity Returns Outperforming over Long Term. London: British Venture Capital Association.
5. Chandler, A. (1962) Strategy and Structure: The History of the American Industrial Enterprise. Cambridge, MA: MIT Press.
6. Chandler, A. (1977) The Visible Hand: The Managerial Revolution in American Business. Cambridge, MA: Harvard University Press.
7. Chandler, A. (1990) Scale and Scope: The Dynamics of Industrial Capitalism. Cambridge, MA: Harvard University Press.
8. Cimbor (2008) The Impact of Private Equity-Backed Buyouts on Employment Relations. Brussels: EVCA.
9. Coase, R. (1937) The Nature of the Firm, Economica NS4(16): 386-405. Also in L. Putterman (ed.) (1986) The Nature of the Firm: A Reader, pp. 89-105. Cambridge: Cambridge University Press.
10. Cyert, R. and March, J. (1964) A Behavioral Theory of the Firm. New York: Wiley.
11. Friedman, M. (1962) Capitalism and Freedom. Chicago: University of Chicago Press.
12. Galbraith, J.K. (1952) American Capitalism: The Concept of Countervailing Power. London: Penguin.
13. Galbraith, J.K. (1967) The New Industrial State. London: Penguin.
14. Gilligan, J. and Wright, M. (2008) Private Equity De-Mystified: An Exploratory Guide. London: Corporate Finance Faculty, ICAEW.
15. Gottschalg, O. (2007) Private Equity and Leverage Buy-Outs, The European Parliament. URL (consulted July 2009): http://www.europarl.europa.eu/actvities/committees (article reference Ip/a/econ/ic/2007 25).
16. Jensen, M. (2007) A Theory of the Firm: Governance, Residual Claims and Organizational Forms. Cambridge, MA: Harvard University Press.
17. Jensen, M. and Meckling, W. (1976) Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure, Journal of Financial Economics 3(4): 305-60.
18. Jensen, M. and Murphy, K. (2009) CEO Pay and What to Do About It. Cambridge, MA: Harvard Business School Press.
19. Katz, H. and Darbishire, O. (2000) Converging Divergences: World-Wide Changes in Employment Systems. Ithaca, NY: Cornell University Press.
20. March, J. and Simon, H. (1958) Organizations. New York: Wiley.
21. Marris, R. (1964) The Economic Theory of Managerial Capitalism. London: Macmillan.
22. O'Sullivan, M. (2000) Contests for Corporate Control: Corporate Governance and Economic Performance in the United States and Germany. Oxford: Oxford University Press.
23. Thompson, P. (2003) 'Disconnected Capitalism: Or Why Employers Can't Keep Their Side of the Bargain', Work, Employment and Society 17(2): 359-78.
24. Tsuk, D. (2005) From Pluralism to Individualism: Berle and Means and 20th Century American Legal Thought, George Washington University Legal Studies Research Paper 367.
25. Walker Report (2007) Guidelines for Disclosure and Transparency in Private Equity. London: British Venture Capital Association.
26. Watt, A. (2008) The Impact of Private Equity on European Companies and Workers: Key Issues and a Review of the Evidence, Industrial Relations Journal 39(6): 548-68.
27. Williamson, O. (1964) The Economics of Discretionary Behaviour: Managerial Objectives in a Theory of the Firm. Upper Saddle River, NJ: Prentice Hall.
28. WEF (2008) Global Investments and Alternative Investments. Geneva: World Economic Forum.