This two-page Business Action Guide describes the nation’s largest worker owned cooperative, Cooperative Home Care Associates, and its innovative approach to scheduling.
This two-page Business Action Guide describes the Wikoff Color’s unique formula for employee ownership.
Cisco Systems, specializing in network systems that link computers and provide Internet communications, was founded in 1990. Employee compensation is closely tied to company and individual performance through stock ownership and profit-sharing, and performance is focused on customer satisfaction. Cisco has grown mainly by acquisition, always trying to stay ahead of the next best technological … Read More
To our members and the wider cooperative community. We are thinking about you and strategizing about how best to support your businesses and people during the evolving situation. We know that at this point, many of us are receiving information from a multitude of sources, which can feel overwhelming. The USFWC is actively working to curate … Read More
Employee ownership is a situation in which employees have an ownership stake in the firm where they work, through holdings of firm stock. It is a channel through which employees share in the profits of the firm and can vote on important firm decisions and otherwise have increased participation in workplace decisions.
Following a successful corporate turnaround and, more recently, a leveraged recapitalization, management of a highly profitable, fast–growing outdoor advertising company must consider alternative ways to harvest cash flow from the company without jeopardizing the turnaround or incurring significant tax liabilities.
A company nears the end of a long multiyear turnaround and now must consider how to “cash out” so its management can realize a financial return on investment. The privately held company has several options, including a leveraged ESOP and a leveraged recapitalization.
Transportation Displays, Inc. has gone through a series of restructurings. This case describes the last few stages, which substantially reduced debt and increased the ownership of management.
Employee ownership is often used not only as a reward management tool but also as an entrenchment mechanism. The literature suggests that good managers use employee ownership as a reward management tool, whereas bad managers implement it for entrenchment, thus suggesting the existence of an equilibrium level of employee ownership. The contributions of this paper … Read More
The academic literature emphasizes that shared capitalism positively affects employees’ attitudes at work. This paper investigates that issue by testing the relationship between shared capitalism and withdrawal behaviors (turnover and absenteeism). Recent literature interprets shared capitalism as a gift exchange between employers and employees. This paper builds on that literature. The analysis, based on an … Read More
This chapter maps existing patterns of broad-based worker ownership and control in contemporary advanced capitalism and considers future possibilities for expanding democracy within firms. Section one discusses worker ownership and control arrangements in relation to different theories of the firm and shows how these arrangements map onto different national systems. Section two compares Germany, which … Read More
Drawing on social identity theory, this research frames a multimediational model that delineates how broad‐based employee stock ownership (BESO) and employee‐perceived involvement practice in tandem yield a productive workforce at the organization level. In our theoretical model, we propose that social cohesion and voluntary turnover are collective attitudinal and behavioral outcomes resulting from the shared … Read More
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
This special section of The Sociological Quarterly, edited by Joyce Rothschild includes the following articles: The Logic of a Co-Operative Economy and Democracy 2.0: Recovering the Possibilities for Autonomy, Creativity, Solidarity and Common Purpose by Joyce Rothschild When Freedom is Not an Endless Meeting: A New Look at Efficiency in Consensus-Based Decision-Making by Darcy K. Leach “Plan … Read More
Employee-owned businesses tend to outperform their competitors, a growing body of research shows. According to the National Center of Employee Ownership, businesses with employee ownership models grow sales and employment at a faster rate than businesses without such programs. Employee-owned firms also perform better than their counterparts during recessions, per research from Georgetown University. For … Read More
Haier Group and MLab organized the 1st International Rendanheyi Model Forum in Qingdao, China, in 2017, to explore the transformation of business models in the current era. Dr. Frank Shipper, the author of numerous case studies on employee owned companies and editor of the book Shared Entrepreneurship: A Path to Engaged Employee Ownership, gave this … Read More
Find a complete archive of the Owners At Work newsletter from the Ohio Center for Employee Ownership at Kent State University (1989-2019).
Employee stock ownership gives employees a voice and therefore may have a major impact on corporate governance. Thus, employee stock ownership may be a powerful mean to protect CEOs from both market for corporate control and dismissal threat. In this paper, we examine the relationship between employee stock ownership and CEO entrenchment. Following the recent … Read More
This is a slide presentation that Dr. Suzanne Cromlish developed for her classes. It introduces ESOPs and summarizes her research findings on ESOP acquisitions.
In the 20th century, access to capital was the principal source of economic advantage. The business organizations that dominated the developed economies were those that excelled at acquiring large amounts of capital and deploying it productively to produce the steel, concrete, fuel, transportation and other physical materials that drove economic growth in that period. My … Read More
This short book from the National Center for Employee Ownership explains how ESOPs work in a clear and concise manner.
The first comprehensive analysis of Department of Labor ESOP investigations ever conducted, plus practical advice from experts.
This book from the National Center for Employee Ownership shows ESOP companies how to communicate the plan to employees as well as customers.
The most successful ESOP companies have one thing in common. Their employees are not just motivated and engaged, they are actively engaged in structured opportunities to identify problems and generate new ideas. Open doors are not enough; you need a system that not only makes this possible but makes it part of people’s jobs. This … Read More
The 2019 Worker Cooperative State of the Sector is a report on worker-owned business in the United States. This report, a co-production of Democracy at Work Institute and the US Federation of Worker Cooperatives, draws upon the latest developments in the field. It includes an updated map of metro areas home to concentrations of worker … Read More