Varieties of firm: complementarity and bounded diversity

Wood, Geoffrey, Croucher, Richard ORCID logoORCID:, Brewster, Chris, Collings, David G. and Brookes, Michael (2009) Varieties of firm: complementarity and bounded diversity. Journal of Economic Issues, XLIII (1) . pp. 241-260. ISSN 0021-3624 [Article] (doi:10.2753/JEI 0021-36244 30111)

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This is a study of the nature of internal diversity within liberal and collaborative market economies. Based on large scale comparative survey data, we assess the extent to which specific clusters of practices are associated with specific varieties of capitalism. Given that recent literature has pointed to internal diversity within specific national contexts, we explore the nature of internal diversity within both liberal and collaborative market economies, and what makes each variety of capitalism distinct. We find that more than one cluster of
practices is indeed likely to be encountered in a particular national context, but that this diversity was bounded: only a limited number of alternative paradigms
are likely to emerge and persist. The survey findings not only shed light on the nature of this internal diversity, but also reveal the fact that liberal and collaborative markets remain distinct, with the rights accruing to employees being more deeply embedded in a wide cross section of firms within the latter.

Item Type: Article
Research Areas: A. > Business School
A. > Business School > Economics
A. > Business School > Leadership, Work and Organisations > Employment Relations group
ISI Impact: 3
Item ID: 790
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Depositing User: Repository team
Date Deposited: 13 Jan 2009 15:10
Last Modified: 30 Nov 2022 01:36

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