The concept of the Low Skills Equilibrium (LSE) denotes a mutually reinforcing set of mechanisms that generate a pattern of low skills and low productivity. The idea has been a powerful one in both analytical and policy terms. There is growing emphasis on the need to study the LSE at the level...

Purpose: In this research, the authors try to answer the question of when broad-based employee share ownership (ESO) is more likely to be used and how it can be managed more effectively from the vertical fit perspective in strategic human resource management (HRM). Design/methodology/approach:...

Purpose A range of studies have shown that performance is typically higher in organisations with employee share ownership (ESO) schemes in place. Many possible causal mechanisms explaining this relationship have been suggested. These include a reduction in labour turnover, synergies with other...