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Beyond Dichotomy: The Curvilinear Impact of Employee Ownership on CEO Entrenchment

Abdelmehdi Ben Abdelhamid, Nicolas Aubert, Victor Prieur, Xavier Hollandts | December, 2018

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

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