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Topic: Employee Ownership
Product Type: Journal Articles
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YOUR SEARCH PRODUCED 60 MATCHES. PAGE 1 of 2 Items 1-50 of 60
Taking Stock: Are Employee Options Good for Business?
Author: Knowledge@W.P. Carey
Product Type: Journal Articles
Source: Knowledge@W.P. Carey
Publication Year: 2011
Many workers view stock options as a way to get a piece of their company's action and share a stake in its overall performance. But what's in it for employers?
The Origin and History of the ESOP and Its Future Role as a Business Succession Tool
Authors: Menke, John D.; Buxton, Dickson C.
Product Type: Journal Articles
Source: Journal of Financial Service Professionals, May 2010
Publication Year: 2010
The first ESOP (employee stock ownership plan) came into being in 1956. This article describes the origin and history of the ESOP and explains why ESOPs will increasingly become the business succession tool of choice for many owners of privately held businesses.
Gainsharing as Organizational Learning: An Analysis of Employee Suggestions Over Time
Authors: Arthur, Jeffrey B.; Aiman-Smith, Lynda
Product Type: Journal Articles
Source: Academy of Management Journal
Publication Year: 2009
This paper addresses the issue of how gainsharing programs work by proposing a model of gainsharing as an organizational learning system.
Employee Ownership
Author: Meyertholen, Emily
Product Type: Journal Articles
Source: Rady Business Journal, UC San Diego, Issue 1, p. 11-13
Publication Year: 2008
Sharing company ownership with employees – whether it’s intended to motivate, to retain or simply to share the wealth – can significantly impact a company’s success. Studies have shown that employee-owned companies boast faster growth, are more resilient in economic downturns and enjoy a competitive advantage over conventional rivals.
Varieties of Employee Ownership: Some Unintended Consequences of Corporate Law and Labor Law
Author: Bagchi, Aditi
Product Type: Journal Articles
Source: University of Pennsylvania Journal of Business and Employment Law, Vol. 10, p. 305
Publication Year: 2008
In this paper, I compare the development of employee ownership in the United States, Germany, and Sweden to show that the institutional background - in particular, the existing bodies of corporate and labor law - against which a program of employee ownership arises determines its course.
Employee Ownership and Corporate Governance in Post-Privatization Russia
Author: Kryvoi, Yaraslau
Product Type: Journal Articles
Source: University of California at Davis Business Law Journal
Publication Year: 2008
This paper brings into focus the impact of employee buyouts on corporate governance in transition ten years after the large-scale privatization took place in Russia.
Restructuring of firms in transition: ownership, institutions and openness to trade
Authors: Domadenik, Polona; Prasnikar, Janez; Svejnar, Jan
Product Type: Journal Articles
Source: Journal of International Business Studies
Publication Year: 2008
A theoretical framework for defensive and strategic restructuring is developed, and provides estimates of restructuring in privatized firms in an advanced transition economy: Slovenia.
Case Studies on Employee Ownership: A Review
Authors: Kruse, Douglas; Blasi, Joseph
Product Type: Journal Articles
Source: The National Center for Employee Ownership
Publication Year: 2008
This article reviews the cases produced by U.S. professors and researchers on shared capitalism, namely, broad-based employee ownership, stock options, profit sharing, and gain sharing, from 1975 to present by looking at a universe of about 30,000 cases.
Who Uses Broad-Based Stock Option Grants After An IPO
Authors: Roosenboom, Peter; van der Groot, Tjalling
Product Type: Essays and Concept Papers; Journal Articles
Source: Bowne, Routledge, Applied Economics - Vol. 38, No. 12, Pgs. 1343-1351
Publication Year: 2006
CFOs may wonder about the best ways to keep stock-owning employees committed to the company after an IPO. Research by corporate finance professors Peter Roosenboom and Tjalling van der Groot shows a decrease in insiders' stock ownership from 52.1% before the IPO to 34% afterward, an indication of the powerful financial lure a post-IPO stock sale presents.
Unions and Employee Ownership: A Road to Economic Democracy?
Author: Yates, Jacquelyn
Product Type: Journal Articles
Source: Industrial Relations: A Journal of Economy and Society, Vol. 45, No. 4, pp. 709-733
Publication Year: 2006
In the relationship between unions and employee share ownership, neither threatened the other, and their combination led to benefits for employees, particularly where unionized employees were majority owners.
The Political Economy of Employee Ownership in the United States: From Economic Democracy to Industrial Democracy?
Authors: Blasi, Joseph; Kruse, Douglas
Product Type: Journal Articles
Source: International Review of Sociology, 16(1)
Publication Year: 2006
This study examines the development of economic democracy in the United States since the 1700s with particular emphasis on the last 30 years. The particular focus is on employee ownership...
Wages, Employment, and Capital in Capitalist and Worker-owned Firms
Authors: Pencavel, John; Pistaferri, Luigi; Schivardi, Fabiano
Product Type: Journal Articles
Source: Industrial and Labor Relations Review
Publication Year: 2006
The authors investigate how worker-owned and capitalist enterprises differ with respect to wages, employment, and capital in Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms.
Alpine Lumber
Author: Emerson, Dan
Product Type: Journal Articles
Source: LBM Journal
Publication Year: 2005
Growth rarely comes without growing pains, especially in the Darwinian world of retail. One of the major challenges for any successful business is managing growth by planning and executing effective strategies.
Is Employee Ownership Counterproductive?
Authors: Faleye, Olubunmi; Mehrotra, Vikas; Morck, Randall
Product Type: Journal Articles
Source: MIT Sloan Management Review
Publication Year: 2005
Turning workers into shareholders improves corporate performance, or so advocates of employee ownership maintain. Their logic is simple: workers with a stake in their company's future are more likely to take a long-term view, which translates into higher productivity and other gains.
ESOP adoption and corporate performance: Does motive really matter?
Authors: Pugh, William N.; Oswald, Sharon L.; Jahera, John S., Jr.
Product Type: Journal Articles
Source: Journal of Business and Economic Studies
Publication Year: 2005
Corporations have used Employee Stock Ownership Programs (ESOP) as part of a takeover defense by attempt to put more company stock in friendly hands. In many instances, this may be accomplished quickly through a leveraged ESOP. We find that ESOP-adopting firms that are threatened by a hostile takeover also tend to increase financial leverage (which itself is a takeover defense that suggests a multifaceted approach to takeover protection). In contrast, non-threatened firms tend not to increase leverage.
Shareholder Value and Employee Interests: Intersections Between Corporate Governance, Corporate Law and Labour Law
Authors: Mitchell, Richard; O'Donnell, Anthony; Ramsay, Ian
Product Type: Journal Articles
Source: Centre for Corporate Law and Securities Regulation and Centre for Employment and Labour Relations Law
Publication Year: 2005
It has been observed that corporate law and labour (or employment) law are in essence separate fields of legal scholarship and regulatory policy. This separation does not mean that there has been no interest by company lawyers in labour law or vice versa; nor does it mean that the two fields do not have relevance to one another. Clearly both corporate law and labour law have provided certain fundamental starting points for analysis which have helped shape the regulatory scope of each other.
An assessment of employee ownership in the United States with implications for the EU
Authors: Blasi, Joseph; Kruse, Douglas; Sesil, James; Krouiinova, Maya
Product Type: Journal Articles
Source: International Journal of Human Resource Management 14:6
Publication Year: 2003
There is a significant gap in the incidence and development of employee ownership between the European Union (EU) and the US when both sectors are examined.
Strategic Stakeholder Perspective to ESOP Negotiations: The Case of United Airlines
Author:
Product Type: Journal Articles
Source: Management Decision
Publication Year: 2003
Employee stock ownership programs (ESOP) may become a source of competitive advantage but a threat to a firm’s survival as well. Strategic stakeholder negotiation, on the other hand, is a process through which an organization negotiates with multiple stakeholders in order to achieve a strategic goal. Such perspective helps to illustrate the importance of understanding, balancing, and managing stakeholder demands in ESOP-related negotiations. The airline industry provides an interesting arena in which to study this process.
The Strategic Use of Individual Employment Agreements: Three Case Studies
Author: Fetter, Joel
Product Type: Cases; Journal Articles
Source: Centre for Employment and Labour Relations Law
Publication Year: 2002
In light of varying outlooks on the process of individualisation in the hitherto collectively regulated industries, it was thought worthwhile revisiting the three disputes (those involving CRA Weipa, BHP, and the Commonwealth Bank) and thoroughly documenting them with a view to discovering what light they shed on the objectives of the individualisation process.
Broad-based Employee Stock Options in US 'New Economy' Firms
Authors: Sesil, James; Kroumova, Maya; Blasi, Joseph; Kruse, Douglas
Product Type: Journal Articles
Source: British Journal of Industrial Relations 40:2
Publication Year: 2002
This paper compares the performance of 229 `New Economy' firms offering broad-based stock options to that of their non-stock option counterparts. A simple comparison of these firms reveals that the former have higher shareholder returns, Tobin's q and new knowledge generation.
Carris Companies' Practice of Employee Governance
Author: Betit, Cecile G.
Product Type: Journal Articles
Source: The Journal of Corporate Citizenship, Issue 6, Summer 2002, pp. 87-109
Publication Year: 2002
Distinguishing the Carris Companies’ transition to 100% employee ownership was its more unusual movement towards 100% employee governance. This paper examines the Carris Companies’ practice of governance and the process used to prepare stakeholder citizens for their changing roles and relationships.
Broad-Based Employee Stock Options - A Union-Nonunion Comparison
Authors: Kroumova, Maya; Sesil, James; Kruse, Douglas; Blasi, Joseph
Product Type: Journal Articles
Source: Advances in Industrial and Labor Relations, Volume 11, Elsevier
Publication Year: 2002
Until recently, stock options were primarily reserved for senior executives and selected managers in most American corporations. In the last decade or so, however, stock options have become part of the compensation package for an increasing number of rank-and-file employees.
Stock Ownership and Work Motivation
Author: Duncan, W. Jack
Product Type: Journal Articles
Source: Elsevier Science Inc., Organizational Dynamics, Volume 30, Issue 1, pp. 1 - 11
Publication Year: 2001
Topics include: ownership and motivation, different ways to become an owner, and does ownership make a difference?
The Effect of ESOP Adoptions on Corporate Performance: Are there Really Rerformance Changes?
Authors: Pugh, William N.; Oswald, Sharon L.; Jahera, John S., Jr.
Product Type: Journal Articles
Source: Managerial and Decision Economics
Publication Year: 2000
Employee Stock Ownership Programs (ESOPS) have long been promoted as a motivational tool: employees become profit-minded owners. Latterly, however, more ESOPs are being used as part of a takeover defense: here, the ESOPs main purpose is to put more company stock in friendly hands - the employees - who, like existing management, could suffer layoffs, ect. in a hostile takeover.
Stock Price and Operating Performance of ESOP firms: A Time-series Analysis
Authors: Iqbal, Zahid; Hamid, Shaikh Abdul
Product Type: Journal Articles
Source: Quarterly Journal of Business and Economics
Publication Year: 2000
Prior literature suggests that the impact of employee ownership on employee behavior may depend on the financial rewards associated with ownership. As the financial value of ownership accounts increases, employee attitudes become more positive, which, in turn, improves organizational performance. In this paper, we explore this financial perspective of employee ownership by examining the relationship between stock price and operating performance of ESOP firms.
Worker Capitalists?
Authors: Blair, Margaret; Kruse, Douglas L.
Product Type: Journal Articles
Source: The Brookings Review. Fall 1999; Vol. 17, Issue 4.
Publication Year: 1999
This article analyzes the emergent role of employees as a key shareholder group. The authors discusses four major drivers of the trend: tax incentives, decreased vulnerability to takeover, human resources management, and employee motivation.
The Evolution of Management in the Mondragon Cooperatives
Author: Clamp, Christina A.
Product Type: Cases; Journal Articles
Source: Southern New Hampshire University
Publication Year: 1999
The Mondragon Cooperative Corporation (MCC), a system of worker cooperatives located in the Basque country of Spain, is still considered to be one of the most significant models of worker ownership and community economic development, in the world.
Employee Buyouts and Industrial Relations under Employee Ownership: A Case Study of Karabuk Steel Mill
Author: Yildirim, Engin
Product Type: Journal Articles
Source: Economic and Industrial Democracy (Sage), Vol. 20: 561-582
Publication Year: 1999
This article examines the employee buyout process and industrial relations under employee ownership based on the case study of the Karabuk steel mill.
Cooperative Firms in Theory and Practice
Author: Hansmann, Henry
Product Type: Journal Articles
Source: Finnish Journal of Business Economics, p. 387-403
Publication Year: 1999
Cooperatives are not, as everyone at this conference knows, just a peripheral or incidental or anachronistic or culturally limited form of organization. Rather, they are big business of a distinctly modern type.
The New Math of Ownership
Author: Gross, Bill
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 1998
In order to solve high-tech's employee retention problems, Bill Gross, the chairman and founder of Idealab, proposes a radical solution: give all workers a significant equity stake.
The Perception and Effects of Share Ownership: Empirical Evidence from Employee Buy Outs
Authors: Pendleton, Andrew; Wilson, Nicholas; Wright, Mike
Product Type: Journal Articles
Source: British Journal of Industrial Relations
Publication Year: 1998
This paper explores the impact of employee ownership on employee attitudes, using additional data obtained from four UK bus companies which had adopted the ESOP form of employee share ownership. After reviewing the recent UK literature, the paper highlights findings from US literature that a 'sense of ownership' is an important intervening variable between actual ownership and additudinal change, and that opportunities for participation in decision-making are more important that ownership per se in generating feelings of ownership.
Employee Ownership as Catalyst of Organizational Change
Author: Bartkus, Barbara R.
Product Type: Journal Articles
Source: Journal of Organizational Change Management
Publication Year: 1997
This article identifies several key factors as mediating links between employee ownership plans and organizational effectiveness: the initiator’s purpose of the employee ownership plan; perceptions of ownership; level of participative decision-making systems; and organizational culture.
Why Do Firms Adopt Profit Sharing and Employee Ownership Plans?
Author: Kruse, Douglas L.
Product Type: Journal Articles
Source: British Journal of Industrial Relations
Publication Year: 1996
Profit-sharing and employee ownership in companies have attracted considerable interest, yet there has been little research on factors predicting the adoption and maintenance of these plans. This study uses new data from a survey of 500 US public companies, and panel data on corporate financial variables, to examine factors predicting the presence and adoption of profit-sharing and employee stock ownership plans (ESOPs) in the 1975–91 period.
Employee Stock Ownership and Corporate Performance Among Public Companies
Authors: Blasi, Joseph; Conte, M.; Kruse, Douglas
Product Type: Journal Articles
Source: Industrial and Labor Relations Review
Publication Year: 1996
This study compares the corporate performance in 1990/91 of two groups of public companies: those in which employees owned more than 5% of the company's stock, and all others.
Work alienation and problem alcohol behavior
Authors: Greenberg, Edward S.; Grunberg, Leon
Product Type: Journal Articles
Source: Journal of Health and Social Behavior
Publication Year: 1995
Using a sample of production workers from union, nonunion, producer cooperative, and employee stock ownership plan (ESOP) wood products mills in the Northwest, we test the general proposition that work alienation, defined as low job autonomy, low use of capacities, and lack of participation in decision-making in the workplace, is associated with heavy drinking and negative consequences from drinking.
Employee participation, ownership, and productivity: A theoretical framework
Authors: Ben-Ner, Avner; Jones, Derek C.
Product Type: Journal Articles
Source: Industrial Relations: A Journal of Economy and Society
Publication Year: 1995
A new conceptual framework to define and differentiate among diverse forms of employee ownership is developed.
Customer satisfaction incentives
Authors: Hauser, John R.; Simester, Duncan I.; Wernerfelt, Birger
Product Type: Journal Articles
Source: Marketing Science
Publication Year: 1994
Customer satisfaction incentive schemes are increasingly common in a variety of industries. We offer explanations as to how and when incenting employees on customer satisfaction is profitable and offer several recommendations for improving upon current practice.
The Scope, Nature, and Effects of Employee Stock Ownership Plans in Japan
Authors: Jones, Derek C.; Kato, Takao
Product Type: Journal Articles
Source: Industrial and Labor Relations Review
Publication Year: 1993
Using data for various years, including new data for 1973 through 1984, the scope, nature, determinants, and effects of employee stock ownership plans (ESOP) in Japan are examined.
The elusive ESOP--productivity link: evidence from US firm-level data
Authors: Kumbhakar, Subal C.; Dunbar, Amy E.
Product Type: Journal Articles
Source: Journal of Public Economics
Publication Year: 1993
This paper investigates whether employee participation in ownership or profit-sharing in publicly held firms through an ESOP or profit-sharing plan was positively associated with productivity measures. The sample consists of firms that adopted such plans during 1982 through 1987.
The Effects of Employee Ownership on Employee Attitudes - An Integrated Causal Model and Path-Analysis
Author: Bunchko, A. A.
Product Type: Journal Articles
Source: Journal of Management Studies
Publication Year: 1993
Research on employee-owned organizations to date has utilized alternative theoretical perspectives and has examined varying attitudinal outcomes. This study reviews previous research and attempts to integrate the findings into a causal model that combines the results of prior studies. The resulting causal model was tested empirically with a sample (N = 181) of employees from a firm that adopted an employee ownership programme.
Theoretical and Empirical Studies of Producer Cooperatives: Will Ever the Twain Meet?
Authors: Bonin, John P.; Jones, Derek C.; Putterman, Louis
Product Type: Journal Articles
Source: Journal of Economic Literature
Publication Year: 1993
Producer cooperatives (hereafter, PC) have existed in Western economies since the advent of the factory system. The oldest surviving PCs in the U.K. and Italy are over one hundred years old. By analyzing the theoretical properties of PCs, economists hope to assess whether popularization of the PC form, or transplantation of some of its characteristics into other organizations, would benefit or harm social welfare.
Capital Disadvantage: America's Failing Capital Investment System
Author: Porter, Michael E.
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 1992
In global competition, where investment increasingly determines a company's capacity to upgrade and innovate, the U.S. system does not measure up.
Workers as Owners: An Empirical Comparison of Intra-firm Inequalities at Employee-owned and Conventional Companies
Author: Onaran, Yalman
Product Type: Journal Articles
Source: Human Relations
Publication Year: 1992
Based on a sample of three employee-owned and seven conventional companies, this study empirically tests the theoretical claim that employee ownership and management reduces inequality at the firm level. Inequality is broadly defined as the unequal distribution of income, wealth, power, prestige, and privileges, as well as the existence of social boundaries between classes.
Employee ownership: A conceptual model of process and effects
Authors: Pierce, Jon L.; Rubenfeld, Stephen A.; Morgan, Susan
Product Type: Journal Articles
Source: The Academy of Management Review
Publication Year: 1991
A model is developed that explicates one process through which employee ownership operates, leading to a set of social-psychological and behavioral effects.
The Viability of Emplyee-Owned Firms: Evidence from France
Authors: Estrin, Saul; Jones, Derek C.
Product Type: Journal Articles
Source: Industrial and Labor Relations Review
Publication Year: 1991
This study examines data on French producer cooperatives for the years 1970-79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not members of the cooperative firm increases.
The Economic Effects of Profit Sharing in Great Britain
Author: Blanchflower, David G.
Product Type: Journal Articles
Source: International Journal of Manpower, vol. 12 No. 1, pp. 3-9, MCB University Press
Publication Year: 1991
There are a number of ways to have workers' remuneration linked more readily with firms' commercial performance. One is to link wages to profits by using cash-based profit sharing (where workers are made cash payments which vary with employer's profitability). A second is to have workers paid partly in their firms' own shares. A third, and more extreme alternative, is producer co-operatives where workers participate in profits, ownership and decision-making. In this article we examine both the theoretical and empirical evidence in support of such schemes.
Correlates of Employee Satisfaction with Stock Ownership: Who Likes an ESOP Most?
Authors: Hall, Rosalie J.; Klein, Katherine, J.
Product Type: Journal Articles
Source: Journal of Applied Psychology
Publication Year: 1988
This study examines the correlates of individual employee satisfaction with stock ownership in a sample of 37 employee stock ownership plan (ESOP) companies.
Employee stock ownership and employee attitudes: A test of three models
Author: Klein, Katherine, J.
Product Type: Journal Articles
Source: Journal of Applied Psychology
Publication Year: 1987
Results of a test of three alternative models of the conditions necessary for employee ownership to positively influence employee attitudes are reported.
Employee perspectives on stock ownership: financial investment or mechanism of control?
Author: French, J. Lawrence
Product Type: Journal Articles
Source: The Academy of Management Journal
Publication Year: 1987
This paper explores employee ownership as a financial investment rather than a mechanism of control. Viewed from such a perspective, relations among employee ownership, satisfaction, and desired influence are more complex than supposed.
Employee ownership, work attitudes, and power relationships
Authors: French, J. Lawrence; Rosenstein, Joseph
Product Type: Journal Articles
Source: The Academy of Management Journal
Publication Year: 1984
Relationships of employee equity in the company with work attitudes, information, and desired influence were examined in a prosperous firm converted to employee ownership by its management.
YOUR SEARCH PRODUCED 60 MATCHES. PAGE 1 of 2 Items 1-50 of 60