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Employee Stock Ownership and Financial Performance in European Countries: The Moderating Effects of Uncertainty Avoidance and Social Trust

Andrea Kim, Saehee Kang | November, 2019

This study investigates how the effect of employee stock ownership on financial performance may hinge on the diverse cultural and societal contexts of European countries. Based on agency and national culture theories, we hypothesize that the positive relationship between employee stock ownership and return on assets (ROA) is stronger in those nations with lower uncertainty … Read More

Making Employee Ownership Work: A Benchmark Guide

Sarah Silcox | February, 2009

‘Making employee ownership work’ is a new guide from the Employee Ownership Association and co-ownership advisers the Baxi Partnership, based on a survey of 25 EOA member companies including John Lewis, Unipart, Arup and Mott MacDonald.  

Corporate Governance and Labor Relations 

E. Han Kim | December, 2009

I view corporate governance as a process of designing and implementing various implicit and explicit contracts among capital providers, corporate managers, workers, and other important stakeholders. In my talk today, I will expand the scope of the typical shareholder value focus to consider the design and implementation of contracts with other stakeholders, particularly employees and organized labor. 

Shareholder Value and Employee Interests: Intersections Between Corporate Governance, Corporate Law and Labour Law

Anthony O'Donnell, Ian Ramsay, Richard Mitchell | January, 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.  

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

Ray Carey | May, 2004

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. 

Employee Governance and the Ownership of the Firm 

John R. Boatright | January, 2004

By law, shareholders have an exclusive right to make certain corporate decisions, and this arrangement is generally justified by the shareholder’s role as the owner of the firm. However, many thoughtful observers hold that such a privileged position for shareholders is morally objectionable, in part because it neglects the important role played by employees. 

Cooperative Firms in Theory and Practice 

Henry Hansmann | January, 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. 

Employee Stock Ownership Plans (ESOPs): Objectives, Design Options and International Experience

Jamal Saghir, Jeffrey R. Gates | September, 1995

Employee share schemes are becoming more prevalent worldwide. Originally designed as an ownership-broadening technique of finance, the term ‘ESOP’ is now used to describe a wide variety of employee participation strategies covering a diverse array of applications. ESOPs are best known for their adaptability and flexibility across a broad range of economic, political, and cultural circumstances. 

Global Equity Organization 

Global Equity Organization | January, 1990

The Global Equity Organization (GEO) provides a forum for an open exchange between members, regardless of position or affiliation, of the latest information as to the strategic, financial, cultural, legal, tax, communication and administrative issues involving the use of equity-based employee compensation in the global community.