Rick Surpin (A, B, C)
A long-time community development worker creates hundreds of jobs for low-income women and minorities by forming a for-profit home health care cooperative, Cooperative Home Care Associates…
Workers as Owners: An Empirical Comparison of Intra-firm Inequalities at Employee-owned and Conventional Companies
Based on a sample of three employee-owned and seven conventional companies, this study empirically tests the theoretical claim that employee ownership and management reduces inequality at the firm level. Inequality is broadly defined as the unequal distribution of income, wealth, power, prestige, and privileges, as well as the existence of social boundaries between classes.
Practice Note: Questions and Answers Regarding ESOPs for Family Businesses
Assessing the applicability of employee stock ownership plans for a family firm requires a basic understanding of their characteristics, followed by a careful analysis of the costs and benefits in the specific case. This note provides general information and offers guides for the critical, specific questions an adviser or owner should ask.
Employee Ownership, Attitudes, and Turnover: An Empirical Assessment
Previous research on employee-owned organizations has been limited in time frame and in the outcomes examined, which have been primarily attitudinal measures. This study examined the effects of an employee ownership program on employee attitudes and actual turnover behavior over an extended time period.
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.
Employee Ownership: A Conceptual Model of Process and Effects
A model is developed that explicates one process through which employee ownership operates, leading to a set of social-psychological and behavioral effects.
Making Mondragon: The Growth and Dynamics of the Worker Cooperative Complex
This book gives a valuable insight into the history and formation of this unique undertaking as well as a wonderful portrait of the far-sighted Basque priest who master-minded the original project.
Understanding Employee Ownership
Provides information on the basic mechanisms of employee ownership, how employee ownership can be a means to community economic development, and the growth of stock ownership plans abroad.
Archive of the Owners at Work Newsletter
Find a complete archive of the Owners At Work newsletter from the Ohio Center for Employee Ownership at Kent State University (1989-2019).
Correlates of Employee Satisfaction with Stock Ownership: Who Likes an ESOP Most?
This study examines the correlates of individual employee satisfaction with stock ownership in a sample of 37 employee stock ownership plan (ESOP) companies.
How Well Is Employee Ownership Working?
With ESOPs performing so well more American managers should consider adopting this approach.
Employee stock ownership and employee attitudes: A test of three models
Results of a test of three alternative models of the conditions necessary for employee ownership to positively influence employee attitudes are reported.
Employee Perspectives on Stock Ownership: Financial Investment or Mechanism of Control?
This paper explores employee ownership as a financial investment rather than a mechanism of control. Viewed from such a perspective, relations among employee ownership, satisfaction, and desired influence are more complex than supposed.
Employee Ownership, Work Attitudes, and Power Relationships
Relationships of employee equity in the company with work attitudes, information, and desired influence were examined in a prosperous firm converted to employee ownership by its management.
Lincoln Electric Co.
This case covers the strategy and management practices of the world’s largest manufacturer of welding equipment. Discusses the compensation system and company culture, and the leadership style of management.
Absenteeism When Workers Have a Voice: The Case of Employee Ownership
Used R. M. Steers and S. R. Rhodes’s (see record 1979-09970-001) model as a framework for examining patterns of absenteeism and their predictors among 112 workers (mean age 44 yrs) in an employee-owned organization. The focus of the study was the effect of job satisfaction on voluntary absenteeism, which is traditionally thought to be either negative or canceled out by pressures to attend work.
Employee Ownership: Implications for the Organizational Distribution of Power
Workers’ and managers’ views of their roles as employee owners, financial partners, and co-decision makers were examined in a furniture factory bought by its employees through a corporate divestiture.
Job Attitudes and Organizational Performance Under Employee Ownership
This paper assesses the apparent effects on job attitudes and organizational performance of recent conversions to employee ownership at three firms.
Desires for and Patterns of Worker Participation in Decision Making After Conversion to Employee Ownership
The article discusses patterns of and desires for employee participation in management and decision making after an organization has converted to employee ownership. The author notes a number of reasons why an increased level of employee participation in decision making is significant.
The Effects of Employee Ownership on Organizational Identification, Employee Job Attitudes, and Organizational Performance: A Tentative Framework and Empirical Findings
Noting a paucity of research on the subject, this article attempts to explore the effects of employee ownership, concentrating on possible relationships between ownership and such variables as organizational identification, employee job attitudes, and organizational performance, and on identifying variables which may moderate these relationships.
The Relative Effects of Share Ownership vs. Control on Job Attitudes in an Employee-Owned Company
Studies on the effects of employee share ownership or employee participation in decisions (or control) have tended to focus on one or the other of the two variables or have assumed that they covary. Using data from an employee-owned company, this study attempts to empirically separate and assess the relative effects of each of these on a set of dependent variables (job attitudes) which they are both thought to affect.
Profit Sharing for Savings (The World’s Work, Vol. 28)
Mr. William Cooper Procter’s successful plan under which hundreds of employees that make less than $1500 a year in wages have acquired stock that is worth thousands of dollars.