Financial Management and Financial Performance in British Trade Unions

Morris, Tim and Willman, Paul (1995) Financial Management and Financial Performance in British Trade Unions. British Journal of Industrial Relations, 33 (2). pp. 289-298.


This article examines changes in the financial performance of British trade unions in the early 1990s. Using survey data, it looks for a relationship between changes in financial management and changes in financial performance. Unions have continued to increase the concentration of financial decision-making and the sophistication of financial systems. However, financial concerns have become no more central to union decision-making and as a result financial management improvements do not lead to improvements in financial performance. We argue that new financial management techniques lead to increases in the cost base as union organizations become more centralized and bureaucratic. The implications for representative effectiveness are discussed.

Item Type: Article
Keywords: trade unions; industrial relations; financial management
Subject(s): Corporate reputation
Professional services
Centre: Centre for Professional Firms
Oxford University Centre for Corporate Reputation
Date Deposited: 02 Nov 2011 16:24
Last Modified: 29 Nov 2018 12:54

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