Summary
Purpose
The purpose of this paper is to explore employee participation in ownership and control in a modern corporation and its impacts on intra-organizational social capital and workplace dynamics.
Design/methodology/approach
Using the National Bureau of Economic Research Shared Capitalism Survey, it explores the varieties of organizational governance and tests the effects of shared capitalist programs and policies via multivariate regression analyses.
Findings
It presents empirical support for the main working hypothesis that employee participation in ownership and control enhances worker trust for the firm, which in turn promotes commitment to performance and innovation at workplace.
Practical implications
The empirical findings here imply that scaling worker participation can enhance productivity potentials of a firm.
Originality/value
Above all, this paper takes a look at shared capitalism and workplace participation in decision making through the lens of social capital.