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A Piece of the Pie? The Effects of Familial Control Enhancements on the Use of Broad‐Based Employee Ownership Programs in Family Firms

Frank Mullins | September, 2018

While family firms tend to be highly committed to their employees, scholars contend that founding family owners are likely hesitant when it comes to sharing ownership broadly with non-family employees. Taking a heterogeneous view of family firms, this study investigates the implications of different familial control‐enhancing mechanisms on the use of broad‐based employee ownership programs … Read More

Shareholder Concerns with Equity Compensation – Concept of Fairness

Anthony Mathews | August, 2018

This PowerPoint presentation is Class 5 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores shareholders concerns regarding equity, building a culture of ownership, and effective leadership in an engaged company. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.

Guest Interview: Topics in Corporate Governance

Anthony Mathews | August, 2018

This PowerPoint presentation is Class 4 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores two employee-owned business, ATA Engineering, Inc. and Chatsworth Products, Inc. Case Study #1: ATA Engineering, Inc. Case Study #2: Chatsworth Products, Inc. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques … Read More

Equity Compensation and the U.S. Tax Consequences

Luann J. Lynch, Mary Margaret Frank | August, 2018

This technical note explores the many different forms of equity compensation. Equity compensation, defined as compensation that provides for the delivery of equity securities, aligns employees’ incentives with shareholder value driven by a company’s stock price. Equity compensation is used extensively to attract and retain key employees. However, the types of equity compensation differ in … Read More

Legal Implications and Future Trends

Anthony Mathews | August, 2018

This PowerPoint presentation is Class 3 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores the legal implications of equity compensation covering tax law and labor considerations; as well as future trends. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.

Overview of Techniques – Non-Qualified Plans and Synthetic Equity

Anthony Mathews | August, 2018

This PowerPoint presentation is Class 2 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores what non-qualified plans are covering legal factors, basic types, direct and indirect ownership tools, stock options and settlement choices. The session also explores synthetic equity. This presentation is part of the Teaching Module: Topics in … Read More

Equity as a Currency of Business – Qualified Plans

Anthony Mathews | July, 2018

This PowerPoint presentation is Class 1 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores the notion of equity as a currency of business; and explores the most “tax favored” techniques, qualified plans. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.

Topics in Corporate Governance: Techniques of Equity Compensation (Teaching Module)

Anthony Mathews | July, 2018

This Teaching Module, designed by Anthony Mathews, covers the techniques used in equity compensation. The module consists of the course syllabus, five class sessions, two case studies and an Equity Compensation Cheat Sheet. Topics include qualified and non-qualified plans, legal implications, shareholders concerns regarding equity, building a culture of ownership, and effective leadership in an … Read More

Broad-Based Employee Stock Ownership and Profit Sharing: History, Evidence, and Policy Implications

Douglas Kruse, Joseph Blasi, Richard B. Freeman | June, 2018

Purpose The purpose of this paper is to review the historical background for broad-based ownership in the USA, the development of forms of employee ownership and profit sharing in the USA, the research literature on employee ownership and profit sharing and related employee participation, the development of policy and options for new policies. Design/methodology/approach It … Read More

ESOP Plus Benefit Corporation: Ownership Culture with Benefit Accountability

Nancy Kurland | June, 2018

Stakeholder capitalism seeks to benefit multiple stakeholders, rather than primarily shareholders. Two increasingly popular forms are the employee stock ownership plan (ESOP) and the benefit corporation. But what happens when a company combines these structures? While the benefit corporation’s expanded stakeholder mandate may appear to come at the expense of employee-owner wealth and the potential … Read More

An Empirical Analysis of the Relationship Between Employee Ownership and Employment Stability in the U.S.: 1999-2011

Douglas Kruse, Fidan Ana Kurtulus | June, 2018

Do firms with employee ownership (EO) programs exhibit greater employment stability in the face of economic downturns? In particular, are firms with EO programs less likely to lay off workers during negative shocks? In this article, we examine the relationship between EO programs and employment stability in the United States using longitudinal Form 5500‐CompuStat matched … Read More

Shared Core Values of High Performing Employee-Owned Enterprises

Frank Shipper, Richard C. Hoffman | June, 2018

Values represent guidelines for behavior and are important determinants of organizational performance. In addition, employee-owned enterprises (EOEs) tend to outperform traditional organizations. Thus, identifying the core values that underlie successful EOEs should provide insights for improved firm performance. Based on an exploratory comparative analysis of eight high-performing, employee-owned companies, a common set of values that … Read More

Employee Ownership and Employee Involvement at Work: Case Studies

Daphne Berry, Takao Kato | May, 2018

With a growing prominence of sophisticated econometric research in a much-expanded field of New Economics of Participation (NEP), it is of particular value to learn about real-world examples of participatory and labor-managed firms in the advanced market economies through extensive case studies. In this volume of Advances in the Economic Analysis of Participatory and Labor-Managed Firms, … Read More

Differential Impact of Short-Term and Long-Term Group Incentives

Andrea Kim, Kyongji Han | April, 2018

Purpose The purpose of this paper is to investigate the additive and differential effects of short-term-oriented group incentives (STOGIs) and long-term-oriented group incentives (LTOGIs) on psychological ownership and organizational commitment. Design/methodology/approach This study analyzed data from 17,255 US employees in the 2005 data set of the National Bureau of Economic Research Shared Capitalism Research. Findings … Read More

Why Are ESOP Acquisitions So Successful? A Qualitative Study From Consultants’ Perspectives

Suzanne Cromlish | April, 2018

This qualitative research project focuses on a compare and contrast between acquisitions by ESOP and Non-ESOP organizations from a consultant’s perspective to obtain a third party viewpoint.  Also discussed is a review of the academic literature on Mergers and Acquisitions, the reasons for failures, and possible solutions for successful acquisitions.  An ESOP is an Employee … Read More

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