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How Shared Capitalism Affects Employee Withdrawal: An Econometric Case Study of a French-Listed Company

Nicolas Aubert, Xavier Hollandts | May, 2015

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

Case Studies: Business Conversions to Worker Cooperatives: Insights and Readiness Factors for Owners and Employees

Alison Lingane, Shannon Rieger | April, 2015

How does a business go about transitioning —“converting”— to a worker-owned cooperative? This report provides illustrations with case studies of businesses that have converted and highlights key lessons from those companies’ experiences. The report categorizes conversions into four types: Type I: Owner sells to existing employees with the intention of remaining with the company; Type … Read More

Don’t Wait for a Crisis, Fix it Now 

Sid Scott | December, 2014

When things go wrong at work, as they occasionally do, a common first reaction is to look for the culprit(s). This can lead to punishment which may result in the ‘evildoer(s)’ being severely reprimanded, or even terminated. Unfortunately, not only does the problem often remain unsolved, the organization is left with another challenge of replacing a person or two. There may be a better way that doesn’t result in a lose-lose situation… 

The Role of Management in an Employee-Ownership Company 

Anthony Mathews | September, 2014

What is the function of senior management in the governance of ESOP companies? Simply put, the function of management in an ESOP company is the same as in any other company – to manage very well to achieve strategic objectives and to participate in the strategic operation of the company by giving the board feedback on how the strategic plan is being successfully implemented and, more important, where it is failing. 

Shared Entrepreneurship: A Path to Engaged Employee Ownership 

Frank Shipper | August, 2014

In many ways the persistent top-down command and control theme that supports established leadership thought and practice prevents organizations from fully tapping into their human resources, in turn limiting their flexibility to meet the challenges of increasingly dynamic, complex, and competitive environments. Shared Entrepreneurship replaces the top-down approaches of the past with a new framework that draws strengths and innovation from collaboration and sharing.  

Herman Miller: Unrelenting Pursuit of Reinvention and Renewal

Charles C. Manz, Frank Shipper, Karen P. Manz, Stephen B. Adams | August, 2014

Herman Miller is widely recognized as the leader in the office furniture industry and has built a reputation for innovation in products and processes since D. J. De Pree became president over 90 years ago. Herman Miller is one of only four companies and the only non-high-technology enterprise named to Fortune’s “Most Admired Companies” and “The 100 … Read More

ESOP Governance Collaborators: The Board of Directors 

Anthony Mathews | June, 2014

Many closely held company boards only meet in the virtual world of corporate counsel’s template minutes and perform their important functions without much more thought than what is required to make a signature. In ESOP-owned companies (or any structure that provides for broad ownership among employees of the company) the landscape changes, and the independent role of the board of directors as well as its oversight function become significantly more important. 

The Benefits of Outside Directors in ESOP Companies 

Paige A. Ryan | June, 2014

Selling a business to an ESOP often requires significant changes to the company’s governance structure. If your board of directors has consisted solely of family members, or close friends, you may not welcome this change, but outside directors can help you run the business more judiciously and effectively… 

Employee Ownership: A Theoretical and Empirical Investigation of Management Entrenchment vs. Reward Management

Andre Lapied, Guillaume Garnotel, Nicolas Aubert, Patrick Rousseau | June, 2014

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 Millionaire Truck Driver And Other ESOP Miracles

Mary Josephs | April, 2014

I hate to say it, but here goes: too many Americans, including highly-educated and experienced business people, have just plain given up on this country’s manufacturing industries, believing low-cost producers in China and elsewhere are unbeatable. And many of these same knowledgeable people would also tell you that solving the country’s retirement savings crisis is … Read More

Workplace Democracy in the Lab

Jeffrey Carpenter, Peter Hans Matthews, Philip Mellizo | April, 2014

While intuition suggests that empowering workers to have some say in the control of the firm is likely to have beneficial effects, empirical evidence of such effects is hard to come by because of numerous confounding factors in the naturally occurring data. We report evidence from a real‐effort experiment confirming that worker performance is sensitive … Read More

Mary Ann Beyster 

Harold Channer, Mary Ann Beyster | March 2014

Engineer and philanthropist Mary Ann Beyster discusses free enterprise, broad-based ownership, innovation and the documentary film ‘We the Owners’ with Harold Channer in this two-part video interview.  

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