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Cash Profit Sharing and Labour Productivity in Family Firms: Exploring the Effects of R&D and Capital Intensities

Esra Memili, Frank Mullins | November, 2024

While equity-based employee incentives can positively affect labour productivity in family firms, our understanding of the effect of nonequity-based employee incentives remains limited. Integrating expectancy theory with the socioemotional wealth preservation literature, our study investigates the impact of cash profit sharing (CPS) on family firms’ labour productivity. Specifically, CPS is viewed as a motivational device … Read More

Resurrected, Recovered, But Still Didn’t Survive? A Case Study on the Viability of Employee-Owned Companies

Olaf Kranz, Thomas Steger | July, 2016

Correspondingly, in the long-standing literature about EOCs, there seems to be a consensus regarding the rather limited viability of democratic organizational forms. Although the explanations, mainly based on microeconomic models, differ in the causal mechanisms explaining EOCs’ short average lifespan. In this paper, we challenge the conventional wisdom about the reasons for the limited viability … Read More

Organizational Democracy and Employee Outcomes: The Mediating Role of Organizational Justice

Ahmad Adeel, Kaleem Ahmed, Ramiz Ur Rehman, Rizwan Ali | April, 2019

In the last two decades, scholars have proposed that implementing democratic practices and ideas in organizations results in significant improvements in employees’ attitudes and behavior. Using two widely advocated and debated dimensions of organizational democracy (empowerment and communication), the study provides empirical evidence of the mentioned relationship between organizational democracy and employee outcomes (commitment, citizenship … Read More

The “Avery Hall Way”: Capitalizing on the Mutuality of Employee Ownership and Franchise-Like Operations

Frank Shipper, Richard C. Hoffman, Valerie J. Whitcomb | August, 2024

Avery Hall Insurance Agency in Salisbury, Maryland, was founded on principles that included service to customers and communities. The term “Avery Hall Way,” is used to describe the model that Avery Hall used to integrate employee ownership through an Employee Stock Ownership Plan (ESOP) with franchise-like structures to enhance organizational performance. This case study of … Read More

Factors Influencing a Black Small Business Owner’s Decision to Sell their Business to a Worker Cooperative

Oyindamola A. Ijewere | September, 2024

This brief reports on interviews with eleven Black small business owners focusing on their expectations around succession planning, and the impact that awareness of worker cooperatives would have on their decision-making process to sell their business to a worker cooperative when they decide to exit their business. An exit from their business also includes retirement … Read More

Apis & Heritage Legacy Fund I (A&H)

Robert Wood Johnson Foundation | December, 2022

This mini-case study describes the Apis & Heritage Legacy Fund I (A&H), a private equity fund from Apis & Heritage Capital Partners LLC, that seeks to tackle the racial wealth gap and improve workplace outcomes by expanding employee ownership. A&H acquires profitable, privately held companies from retiring owners and converts them into 100% employee-owned businesses.

Employee Ownership Trusts and Perpetual Purpose Trusts in the United States

Anne Claire Broughton, Derek Razo, Joseph Blasi, Mark Hand, Zoe Schlag | November, 2022

This is a working database of purpose trusts in the United States published in partnership with Common Trust, Broughton Consulting, and Liminal Advisors. It is maintained by the DCII Research Cluster on Employee Ownership and Workplace Democracy (www.eowd.org), with initial funding from the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers … Read More

The Essential Free ESOP 101 Course

Pennsylvania Center for Employee Ownership | January, 2024

Summary: Learning basics of ESOPs in five emails over five days. Class 1: ESOP 101 – why do people do this? Class 2: Nuts and bolts – how does it work? Class 3: Tax breaks, valuations, and cost Class 4: ESOPs in practice – the power of employee ownership Class 5: ESOP myths debunked

Worker Cooperative Fundamentals: Personnel

Yarissa Soriano | January, 2024

In this course you will learn the importance of creating a human-centered personnel practices that will cultivate a democratic work culture and support the success of your business. You will become familiar with performance evaluation and performance improvement planning best practices. This series covers personnel systems, performance evaluation tools, and holding workers accountable.

Humanistic Governance in Democratic Organizations: The Cooperative Difference

Cian McMahon, Karen Miner, Sonja Novković | February, 2023

This book brings together a number of theories under the umbrella of humanistic governance to develop a persuasive alternative perspective on governance, particularly for democratic organizations such as co-operatives.  It examines how we can move beyond a profit-first approach to governance, into a framework that prioritizes human dignity in all aspects of an operation. This … Read More

When They Are More Than Just Employees: Environmentally Conscious Decision-Making In Employee-Owned Organizations

Furkan A. Gur, Mehmet A. Yetim | November, 2023

Promoting environmental sustainability may hold relevance for employee-owned organizations. The integration of environmental consciousness into decision-making has the potential to help align environmental and organizational sustainability objectives. However, the literature does not explain how employee-owned organizations make environmentally conscious decisions. This study conducts interviews with top executives of employee-owned organizations to explore how environmentally conscious … Read More

Employee Ownership and ESOPs: What We Know from Recent Research

Douglas Kruse, Joseph Blasi | June, 2023

This short brief provides updated statistics and analysis regarding workers’ participation in employee ownership plans, and the wealth and job quality benefits those workers realize from their participation.  The brief was presented as part of the 2023 Employee Ownership Ideas Forum cosponsored by Aspen Institute and the Institute for the Study of Employee Ownership and … Read More

Employees’ Low Pay Satisfaction: Possible Solutions?

Kyoung Yong Kim | February, 2023

Question: How satisfied are employees with their pay in ESOP firms, and what are the possible solutions to employees’ low pay satisfaction? Answer: In this group of nine ESOP firms, some employees report that they are paid an above-average wage, but some report they are paid a below-average wage. Those with a below-average wage are … Read More

Women in ESOPs

Jung Ook Kim | April, 2022

Questions: How do women fare in ESOPs? How do women in ESOPs compare to women not in ESOPs? Summary: Some gender differences in the larger society are reflected in ESOP companies. There are fewer women than men in ESOPs. Within ESOPs there are fewer women in top management and highly trained/high pay occupations. Women in … Read More

ESOPs and Employee Involvement in Workplace Decision Making

Jung Ook Kim | December, 2023

Question: How does the involvement of employee owners in ESOP companies in making various workplace decisions compare to employee involvement in non-ESOP companies? Answer: Comparing ESOP vs non-ESOP workers, ESOP workers showed greater involvement in work organization, scheduling, and safety, but lower involvement in setting pay/benefits compared with the non-ESOP workers. However, ESOP companies tend … Read More

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