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Results for: Economics | Showing Results: 1 to 22 | Total Results: 22 | Sort By: Alphabetical Publication Date

Binary Economics: The Economic Theory that Gave Rise to ESOPs  

ESOPs are part of a broader approach to expanded capital ownership, broader prosperity, and economic justice known as binary economics. Binary economics was first advanced by Louis Kelso, who is also widely known as the inventor of the ESOP. 
Author: Ashford, Robert
Pub. Date: 2006-01-01

Broad-based Employee Stock Options in US 'New Economy' Firms 

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. 
Author: Sesil, James; Kroumova, Maya; Blasi, Joseph; Kruse, Douglas
Pub. Date: 2002-06-01

Center for Economic and Social Justice 

The Center for Economic and Social Justice is a non-profit, non-partisan education and research organization dedicated to promoting economic justice on a global scale by expanding capital ownership to a broader segment of society.  
Author:
Pub. Date: 2010-01-01

Co-operative Review 2009 

Perhaps it is because a large part of the co-operative movement’s economic strength lies in retailing that we are able to report a period of growth in the co-operative economy. But this review is about much more than numbers. It is also a record of business excellence and success around the co-operative movement. 
Author: Co-operatives UK
Pub. Date: 2009-01-01

Continuity and Change over 25 Years of Ohio ESOP Companies: Examining the Much Discussed but Little Studied Mysterious Life Cycle of Employee-Owned Companies 

Paper explores what drives changes in employee-owned companies. How does law affect them? Is there a “natural” development process among ESOP companies apart from change driven by changes in law? 
Author: Logue, John; Yates, Jacquelyn
Pub. Date: 2009-07-23

Converting Failed Financial Institutions into Mutual Organisations 

The immediate issue is whether the failed financial institutions that were taken into public ownership could be re-launched as mutuals rather than as plcs. 
Author: Michie, Jonathan; Llewellyn, David T.; Anderson, David; Eyre, Nick; Hunt, Peter; Mills, Chris; Palmer, Jeremy
Pub. Date: 2009-09-01

Cooperative Firms in Theory and Practice 

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. 
Author: Hansmann, Henry
Pub. Date: 1999-01-01

Democratic Capitalism: The Way to a World of Peace and Plenty 

Democratic Capitalism combines the free-market energies of competition and private property with the enormous productivity and innovation released in an environment of trust and cooperation. Ray Carey presents the theory and practice of democratic capitalism by coupling his experience with a synthesis of the thought of Adam Smith, Karl Marx, and John Stuart Mill. 
Author: Carey, Ray
Pub. Date: 2004-05-06

Employee Financial Participation in the New Member States 

This report looks at the current situation in relation to employee financial participation (EFP) and its recent developments in the new Member States (NMS) of the EU: Bulgaria, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia. 
Author:
Pub. Date: 2007-01-01

ESOP Association Canada 

The ESOP Association Canada is a non-profit organization founded to promote the concept of employee ownership for business in Canada.  
Author: ESOP Association Canada
Pub. Date: 2010-01-01

Lucent Technologies 

Lucent was created in 1994 as part of AT&T's tri-vestiture. This case focuses on the dilemma faced by a new company that inherited a labor-management consultation structure developed by AT&T, a structure that has broken down in many respects, and that does not seem adequate to the challenges of the new company in a new and highly competitive market... 
Author: Kochan, Thomas A.
Pub. Date: 1999-05-01

Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance 

The growth of ESOPs over the past 25 years is part of a general growth in compensation arrangements linking worker pay to company performance, including profit sharing, gain-sharing, and broad-based stock options in addition to the various methods of employee ownership.  
Author: Kruse, Douglas; Freeman, Richard B.; Blasi, Joseph; Buchele, Robert; Scharf, Adria; Rodgers, Loren; Mackin, Christopher
Pub. Date: 2003-01-01

Productivity in Cooperatives and Worker-owned Enterprises: Ownership and Participation Make a Difference! 

The survival rate of worker cooperatives and employee-owned firms in market economics appears to equal or surpass that of conventional firms. But they typically return a different combination of economic benefits to their member-owners than do conventional firms... 
Author: Logue, John; Yates, Jacquelyn
Pub. Date: 2005-01-01

Re-booting Capitalism: The Action Agenda for Business 

Capitalism is living in interesting times. Politicians, academics and activists around the world are debating the merits of the capitalist system, and how and if it could be improved... 
Author: Grayson, David; McLaren, Melody
Pub. Date: 2012-03-05

Reinventing the Firm 

Presenting a wide range of quantitative data alongside three new case studies of employee-owned firms, this pamphlet offers a new vision of economic autonomy where democratic companies drive a happier and more sustainable economy. 
Author: Davies, William
Pub. Date: 2009-09-11

The Economic Effects of Profit Sharing in Great Britain 

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. 
Author: Blanchflower, David G.
Pub. Date: 1991-01-01

The Kelso Institute 

Louis O. Kelso (1913-91) was a political economist in the classical tradition of Smith, Marx and Keynes. He was also a corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the Employee Stock Ownership Plan (ESOP), the prototype of the leveraged buy-out which Kelso invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield.  
Author: The Kelso Institute
Pub. Date: 2010-01-01

The Value of Stock Options to Non-Executive Employees  

This study empirically investigates the value employees place on stock options using information from the option exercise behavior of individuals 
Author: Hallock, Kevin F.; Olson, Craig A.
Pub. Date: 2006-01-01

Theoretical and Empirical Studies of Producer Cooperatives: Will Ever the Twain Meet? 

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.  
Author: Bonin, John P.; Jones, Derek C.; Putterman, Louis
Pub. Date: 1993-01-01

Thinking Globally, Acting Locally: Promoting Employee Ownership at the Subnational Level 

There are at least six reasons why we should be concerned with encouraging employee ownership at thesubnational level: at the level of the state, the province, the region, the municipality, or other subnationalgovernmental units or at the level of the industrial branch, cutting across governmental geographic units. 
Author: Logue, John
Pub. Date: 2001-05-01

Third-Sector Development: Making Up for the Market 

Nonprofit corporations, cooperatives, and credit unions constitute an alternative avenue of hope and action for communities that have come up short in the normal operation of the market economy. These organizations comprise the third sector, which accounts for approximately 10 percent of U.S. economic activity. 
Author: Gunn, Christopher
Pub. Date: 2004-01-01

When Workers Share in Profits: Effort and Responses to Shirking 

This paper summarizes new evidence from the “Shared Capitalism” Project on the extent to which workers’ earnings depend on the performance of their firm or work group in the US and advanced European countries and on the impact of sharing arrangements on economic behavior. 
Author: Freeman, Richard B.
Pub. Date: 2008-07-01