Innovation Included: Why Co-Owned Businesses Are Good for Public Services
Written by internationally acclaimed business writer Charlie Leadbeater, Innovation Included makes the case for more public services to be provided by co-owned companies.
People and Organizations
This course provides an understanding of the human and organizational contexts in which the student will be working and the skills to put the scientific, technical and organizational knowledge learned to work in addressing the major challenges facing management and organizations today.
Corporate Governance and Labor Relations
I view corporate governance as a process of designing and implementing various implicit and explicit contracts among capital providers, corporate managers, workers, and other important stakeholders. In my talk today, I will expand the scope of the typical shareholder value focus to consider the design and implementation of contracts with other stakeholders, particularly employees and organized labor.
When Workers Share in Profits: Effort and Responses to Shirking
This paper summarizes new evidence from the “Shared Capitalism” Project on the extent to which workers’ earnings depend on the performance of their firm or work group in the US and advanced European countries and on the impact of sharing arrangements on economic behavior.
Creating a Bigger Pie? The Effects of Employee Ownership, Profit Sharing, and Stock Options on Workplace Performance
This paper uses data from NBER surveys of over 40,000 employees in hundreds of facilities in 14 firms and from employees on the 2002 and 2006 General Social Surveys to explore how shared compensation affects turnover, absenteeism, loyalty, worker effort, and other outcomes affecting workplace performance.
Employee Capitalism or Corporate Socialism? Broad-Based Employee Stock Ownership
How employee share ownership plans affect employee compensation and shareholder value depends on the size.
Employee Financial Participation: An International Survey
Employee Financial Participation: An International Survey provides an overview of key international trends in employee ownership, pension reform, equity compensation, privatization, and employee financial participation in over 30 countries.
ESOPs in Indiana: State Emphasizing Employee Ownership Model
Staff members at Vasey Commercial Heating & Air Conditioning in Zionsville are company owners as part of an employee stock ownership plan.
Broad-Based Employee Incentive Arrangements
This article provides descriptions of various broad-based employee incentive arrangements.
Tax-Advantaged Employee Share Schemes: Analysis of Productivity Effects
Oxera was commissioned by HM Revenue & Customs (formerly the Inland Revenue) to examine the impact of tax-advantaged share schemes on UK company performance (whereby companies reward their employees by granting them shares, or share options, as part of their remuneration package).
America Works: Thoughts on an Exceptional U.S. Labor Market
The U.S. labor market is the most laissez faire of any developed nation, with a weak social safety net and little government regulation compared to Europe or Japan.
ESOPs and Earnings Management: An Empirical Note
This study seeks to ascertain the impact of employee stock ownership plans (ESOPs) on earnings management.
Ohio’s Oldest ESOP: Alloy Engineering’s Success Story
Extending ownership to all employees, involving all in managing the business and tying the compensation to profits brought a renaissance to Alloy Engineering twenty years ago.
The Entrepreneur’s Guide to Equity Compensation
The Entrepreneur’s Guide to Equity Compensation is a comprehensive overview of employee ownership practices and practicalities.
The Value of Stock Options to Non-Executive Employees
This study empirically investigates the value employees place on stock options using information from the option exercise behavior of individuals
Employee Ownership Indices and Investment Funds in the U.S. 1992–Present
Provides a detailed slide presentation related to the history and experience os employee ownership indices and mutual funds in the United States.
Binary Economics: The Economic Theory that Gave Rise to ESOPs
ESOPs are part of a broader approach to expanded capital ownership, broader prosperity, and economic justice known as binary economics. Binary economics was first advanced by Louis Kelso, who is also widely known as the inventor of the ESOP.
eBay, Inc.: Stock Option Plans (A, B)
The footnote disclosure for eBay, Inc. in 2000 indicates that if the company had accounted for employee stock options under the fair value method, its reported profit of $48 million would have been a loss of $91 million.
The Straight Scoop on ESOPs: Why Is This Employee Benefit Plan So Popular in the Engineering Industry?
Why is this employee benefit plan so popular in the engineering industry?
Every Employee an Owner. Really.
Study after study proves that broad-based ownership, when done right, leads to higher productivity, lower workforce turnover, better recruits, and bigger profits. ‘Done right’ is the key.
Broad-Based Employee Stock Options in the U.S.: Company Performance and Characteristics
This paper analyses data on 490 companies with broad-based stock option plans, matched to data from Compustat in order to compare their characteristics and performance to that of other public companies.
Executive and Broad-Based Stock Options: Evidence from U.S. Panel Data
This paper examines the productivity effect of the adoption of executive and broad-based stock options. The findings include a positive impact on productivity after the introduction of both executive and broad-based stock options.
Productivity in Cooperatives and Worker-owned Enterprises: Ownership and Participation Make a Difference!
The survival rate of worker cooperatives and employee-owned firms in market economics appears to equal or surpass that of conventional firms. But they typically return a different combination of economic benefits to their member-owners than do conventional firms…
Ottawa Devices, Inc. (B)
The Rollins family assembly was meeting to choose between several business strategies, including an employee stock ownership plan.
Split Personality: an ESOP is a Retirement Plan. No, It’s an Ownership Investment. Wait—It’s Neither One – Benefits
In the wake of the spectacular bankruptcies of Enron, United Airlines, and Polaroid, employee stock ownership plans have come under intense media scrutiny during the past year. The staggering losses of employees’ retirement savings have prompted pundits to predict the demise of ESOPs, and politicians to call for regulatory overhaul.