In Workers ‘ Self-Management in Argentina, Marcelo Vieta homes in on the emergence and consolidation of Argentina’s empresas recuperadas por sus trabajadores (ERTs or worker-recuperated enterprises), a workers ‘ occupy movement that surged at the turn-of-the-millennium in the thick of the country ‘s neoliberal crisis. Since then, around 400 companies have been taken over and … Read More
Employee ownership has attracted growing attention for its potential to improve economic outcomes for companies, workers, and the economy in general, and help reduce inequality. Over 100 studies across many countries indicate that employee ownership is generally linked to better productivity, pay, job stability, and firm survival—though the effects are dispersed and causation is difficult … Read More
This significant new study shows that majority employee-owned companies with Employee Stock Ownership Plans (ESOPs) are outperforming non-employee owned companies during the COVID-19 pandemic in the areas of job retention, pay, benefits, and workplace health safety. The study reveals that ESOPs have been more proactive about ensuring the safety of employees during the pandemic and … 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.