Employee stock ownership and corporate performance among public companies.
This study compares the corporate performance in 1990/91 of two groups of public companies: those in which employees owned more than 5% of the company's stock, and all others. The results of the analysis, which looks at profitability, productivity, and compensation, are consistent with neither nega...
| Published in: | Industrial & Labor Relations Review Vol. 50; pp. 60 - 80 |
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| Main Authors: | , , |
| Format: | Article |
| Published: |
Cornell University
October 1996
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510521610&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510521610 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00197939 ILR jtl: Industrial & Labor Relations Review issn: 00197939 maglogo: N pubinfo: dt: October 1996 vid: 50 pid: 140 pub: Cornell University artinfo: ui: 510521610 10.2307/2524389 ppf: 60 ppct: 20 formats: fmt: @attributes: type: T tig: atl: Employee stock ownership and corporate performance among public companies. aug: au: Blasi, Joseph Conte, Michael Kruse, Douglas su: Employee ownership Organizational performance sug: subj: Employee ownership Organizational performance ab: This study compares the corporate performance in 1990/91 of two groups of public companies: those in which employees owned more than 5% of the company's stock, and all others. The results of the analysis, which looks at profitability, productivity, and compensation, are consistent with neither negative nor highly positive views of employee ownership, but where differences are found, they are favorable to companies with employee ownership, especially among companies of small size. The circumstances in which employee ownership was used—specifically, whether it was part of a wage/benefit concession package and whether it was involved in a takeover threat—do not appear to have had a significant effect on the 1990 performance levels or 1980-90 performance growth of the firms. Although the authors caution that the data do not permit clear tests of causality, these results are broadly consistent with those of past studies. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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