Does employee ownership improve productivity? This study finds that Employee Stock Ownership Plans (ESOPs) are associated with significantly higher labor productivity, even when controlling for organizational and management factors. Adopting an ESOP is linked to a 5.6%–6.7% increase in productivity. How much ownership workers have, matters: A $100,000 increase in ESOP assets per active employee … Read More
This project introduces the U.S. Census’s Management and Organizational Practices Survey (MOPS) data into the employee share ownership research landscape, with the goal of investigating the role of workplace management and organizational practices in shaping the impact of broad-based employee share ownership on labor productivity at American manufacturing workplaces. We combine data from the 2010 … Read More
Do firms with employee ownership (EO) programs exhibit greater employment stability in the face of economic downturns? In particular, are firms with EO programs less likely to lay off workers during negative shocks? In this article, we examine the relationship between EO programs and employment stability in the United States using longitudinal Form 5500‐CompuStat matched … 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.
The Economics of Cooperative Enterprises is designed as a challenging integrative experience course for undergraduates. Students will be asked to retrospectively analyze their experiences as workers and consumers, evaluating the impact of organizational forms and industry structure. How do cooperative enterprises (including those on campus such as the People’s Market, Earthfoods, and Campus Design and … Read More