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Sharing Ownership via Employee Stock Ownership

Author

Listed:
  • James C. Sesil
  • Douglas L. Kruse
  • Joseph R. Blasi

Abstract

Increased equity participation by employees has attracted substantial interest for its potential to affect both economic outcomes (e.g., worker and firm performance) and social outcomes (e.g., wealth and income inequality). This paper summarizes the findings from over 50 large-sample empirical studies that have been done on employee ownership and broad-based stock option plans in the past 25 years, covering studies on plan adoption, employee attitudes and behaviours, firm performance, and employee wages and wealth.

Suggested Citation

  • James C. Sesil & Douglas L. Kruse & Joseph R. Blasi, 2001. "Sharing Ownership via Employee Stock Ownership," WIDER Working Paper Series DP2001-25, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:dp2001-25
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-25.pdf
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    Citations

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    Cited by:

    1. Mike Wright & Igor Filatotchev & Trevor Buck & Kate Bishop, 2003. "Is Stakeholder Corporate Governance Appropriate in Russia?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 7(3), pages 263-290, September.
    2. Philippe Desbrières, 2002. "Les actionnaires salariés," Revue française de gestion, Lavoisier, vol. 141(5), pages 255-281.
    3. Djaoudath Alidou, 2011. "Les augmentations de capital réservées aux salariés en France - Employee Equity Issue:Evidence from France," Working Papers CREGO 1110603, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    4. Marc-Arthur Diaye & Amal Hili & Rim Lahmandi-Ayed, 2012. "Employee ownership: does firm's size matter ?," Documents de recherche 12-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    5. Hanen Maalej & Mohamed Triki, 2008. "Déterminants de la pratique de l'actionnariat salarié dans les entreprises françaises," Post-Print halshs-00525419, HAL.
    6. Geert Braam & Erik Poutsma, 2015. "Broad-Based Financial Participation Plans and Their Impact on Financial Performance: Evidence from a Dutch Longitudinal Panel," De Economist, Springer, vol. 163(2), pages 177-202, June.
    7. Brittany Bunce, 2020. "Dairy Joint Ventures in South Africa’s Land and Agrarian Reform Programme: Who Benefits?," Land, MDPI, vol. 9(9), pages 1-21, September.
    8. Andrew M. Robinson & Hao Zhang, 2005. "Employee Share Ownership: Safeguarding Investments in Human Capital," British Journal of Industrial Relations, London School of Economics, vol. 43(3), pages 469-488, September.

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