Reimagining Capitalism
This special edition of The Nation brings together a wide range of articles on new ways to shape capitalism, and to work on economic recovery.
Inclusive Capitalism for the American Workforce: Reaping the Rewards of Economic Growth through Broad-based Employee Ownership and Profit Sharing
What can be done to reverse the economic disparity in our nation and restore prosperity for all? This paper lays out a policy reform that will help restore the link between economic growth and the earnings of workers so that the recovery re-establishes a prosperous middle class. The reform encourages firms to develop broad-based incentive compensation systems that link employee earnings to the performance of the firm. This reform would give employees access to the capital-related earnings of their companies comparable to that of the senior executives who run these firms.
Employee Ownership, Democratic Control, and Working-Class Empowerment
Organizational scholars and workplace equality advocates have largely dismissed the ability of democratic employee ownership to deliver power and autonomy to working-class employees. This chapter addresses this gap by investigating how two 100% employee-owned and democratically governed worker-owned cooperatives (businesses where employees are both the owners and the directors of their workplaces) succeeded and failed … Read More
European Federation of Employee Share Ownership
The European Federation of Employee Share Ownership (EFES) acts as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee ownership and participation in Europe.
Employee Ownership Australia and New Zealand
Employee Ownership Australia and New Zealand (EOA) was formed in July 2011 out of the Australian Employee Ownership Association (AEOA). EOA has the same principles as those shared of the AEOA’s founders. When AEOA was formed by 20 companies in 1986 its principles were to be a member-focused, non-profit association. Its purpose was to assist members with their employee ownership (or co-ownership) plan, employee engagement and involvement and employee participation levels
Trends in Employee Ownership: Important Demographic Developments
As the baby boom approaches retirement, prospects for employee ownership are ramping up…
Mid-Missouri Energy: Ethanol from Corn
Mid-Missouri Energy is a farmer-owned cooperative created to take advantage of the growing interest in ethanol as an automotive fuel.
Who Benefits from Shared Capitalism? The Social Stratification of Wealth and Power in Companies with Employee Ownership
This paper analyzes social stratification in patterns of access to shared capitalism programs, the value of shared capitalist plan assets, and access to workplace power and authority in a sample of over 40,000 employees in 14 companies with various forms of shared capitalism in the United States.
Show Me the Money: Does Shared Capitalism Share the Wealth?
This paper examines the effect of a variety of employee stock ownership programs – including ESOPs and broad based stock options – on employees’ holdings of their employers’ stock, their earnings and their wealth.
Shared Capitalism in the US Economy: Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises
Between one-third and one-half of employees participate directly in company performance through profit sharing, gain sharing, employee ownership, or stock options.
Worker Responses to Shirking Under Shared Capitalism
Group incentive systems have to overcome the free rider or 1/N problem, which gives workers an incentive to shirk, if they are to succeed.
Risk and Lack of Diversification Under Employee Ownership and Shared Capitalism
This paper addresses whether the risk in shared capitalism makes it unwise for most workers or whether the risk can be managed to limit much of the loss of utility from holding the extra risk.
Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market
In the 1990s an increasing proportion of US firms moved toward compensation systems that made part of pay depend on the economic performance of work-groups or the firm.
How Does Shared Capitalism Affect Economic Performance in the United Kingdom?
This paper uses nationally representative linked workplace-employee data from the British 2004 Workplace Employment Relations Survey to examine the operation of shared capitalist forms of pay—profit-sharing and group pay for performance, employee share ownership, and stock options—and their link to productivity.
Do Workers Gain by Sharing? Employee Outcomes Under Employee Ownership, Profit Sharing, and Broad-Based Stock Options
Apart from the extreme cases that get publicized, are employee stock ownership plans generally good or bad for workers?
Does Employee Ignorance Undermine Shared Capitalism?
This paper analyzes a survey of employees from multiple companies to assess the extent to which employees are ignorant about company, group, and individual-based incentive pay plans and ESOPs.
Strategic Management: A Stakeholder Approach
Strategic Management: A Stakeholder Approach was first published in 1984 as a part of the Pitman series in Business and Public Policy. Its publication proved to be a landmark moment in the development of stakeholder theory.
The Employee Ownership Effect: A Review of the Evidence
The report is a rigorous study of the available international evidence into how companies with significant employee ownership perform, on a range of key business indicators.
Model Growth: Do Employee-owned Businesses Deliver Sustainable Performance?
This research looks at how employee-owned businesses performed before and during the 2007-2009 recession. This report assesses the financial performance of employee-owned businesses compared with conventionally structured companies where employees do not have a significant stake in ownership or the right to participate in decision-making.
Vermont Employee Ownership Center
The Vermont Employee Ownership Center works to promote and foster employee ownership of Vermont businesses. We provide information and resources to owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start up a company with broadly shared ownership.
The National Center for Employee Ownership
The National Center for Employee Ownership (NCEO) is a private, nonprofit membership and research organization that serves as the leading source of information on employee stock ownership plans, equity compensation plans such as stock options, and ownership culture.
Employee Ownership Association
Founded in 1979 as Job Ownership Limited, the Employee Ownership Association is a registered charity committed to generating new evidence and thinking about employee ownership.
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.
Employee Ownership as Creative Capitalism
Employee ownership plans transform a company’s culture, because employees adopt the mentality of owners; they work harder and become more involved in process improvement and cost management, causing their company’s net income to increase at a faster rate.
A Comparative Analysis of Co-operative Sectors in Scotland, Finland, Sweden and Switzerland
This study compares co-operative sectors in Scotland with those of three similar sized countries: Switzerland, Sweden and Finland. The economic contribution of co-operatives in Scotland has historically been below that of these comparable European countries. The study asks why the comparator countries are so much more successful, what we can learn about how to do co-operative development, and which of the success factors are replicable in Scotland. It aims to help Co-operative Development Scotland to understand the determinants of success, make informed decisions on how to promote the co-operative sector, and advise policymakers about what works.