Pay determination in small firms is widely expected to follow the dictates of the market. Research on 81 firms in three competitive sectors finds, instead, loosely defined and variable pay structures. This variability is explained in terms of the interplay between labour and product markets,...

The introduction of the National Minimum Wage (NMW) had potentially significant implications for small firms. Orthodox economic theory predicts adverse consequences, though institutional analysis points to potential efficiency as well as fairness effects. Using longitudinal data on 55 firms,...

Commercial firms in industries once under public ownership generally have well-organised trade unions with significant disruptive capacity, yet overt confict is often low despite major change. This paper examines the experience of two major rail and energy companies after privatisation. The...