EMPLOYEE-owned businesses out-performed other kinds of firms during the financial crisis, academics have found.

A study by staff from Cass Business School in London and University of Northumbria covering 2008-2011 concluded that employee-owned businesses did better at maintaining their financial performance and employment levels than counterparts that weren't owned by staff members. The authors said the greater success of employee-owned businesses reflected an ownership culture supporting higher levels of employee engagement.

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