DATABASE OF EUROPEAN COMPANIES
The EFES database of European companies
The data are available for analysing companies,
for benchmarking, for market research, for investors
as well as for academic research and teaching, and
for macroeconomic analysis.
The database gathers all economic and financial
information about employee share ownership, employee
share plans and participation, as well as about
corporate governance and about the ownership structure
of European companies.
is for the 2.744 largest European companies:
- All listed companies with a
stock market capitalization of 200 million Euro
and more. These are 2.406 listed companies,
a quite similar number
as in other databases as Datastream or Europafinance.
These 2.406 listed companies represent 25%
of all European listed
companies, but 99% of the whole capitalization and
96% in terms of employment.
These information are thus
practically exhaustive for European listed companies.
- All non-listed companies (workers'
cooperatives, Spanish sociedades laborales,
trust-owned companies and others) employing
100 people or more, when
employees own 50% of the company or more.
The database gathers quantitative data (capitalization
held by employees, executives and non-executives,
number of employee owners, etc.) and qualitative
data as well (history of employee share plans, types
of plans, targeted population, etc.)
The data are based on information published by companies
in annual reports. The data are annually updated
since year 2005.
description of the database
EFES database compared to other sources of information
are very few sources of information on the availability
and take-up of employee share ownership across European
countries; in fact, four main sources of information
exist (EFES database, EWCS, ECS and CRANET enquiries).
The EFES database is the only existing database
about employee share ownership and financial participation
in the European Union, while EWCS, ECS and CRANET
are periodic enquiries based on interviews or mailings.
Sample of the EFES database
is a sample of the EFES database. It is available
as an Excel file: Download
Access to the EFES database
the EFES' members
member of the EFES as a company or as an organisation,
you can get access to the database for internal
use, as it is for all EFES' publications. Membership
analysing companies, for benchmarking, for market
research and for investors
The data can be delivered as an Excel file for
6 Euro per company (up to a maximum of 1.850 Euro
for the entire database). Access
to the database
PayPal facilities for your payment:
academic research, teaching and students
The data are available for academic research and
teaching as well as for macroeconomic research.
projects / Prize for Academic Research
French Federation Employee Shareholders' Associations
(FAS) organizes its annual "Prize for academic
research on employee share ownership". Endowed
with 3,000 Euros, the prize aims at supporting
or rewarding annually thorough academic research
works (Ph D thesis, books, articles in scientific
reviews, study cases). Full
The 2019 Prize was awarded on December 11,
2019 to Mrs. Djaoudhat Alidou and Mrs. Imane
Mohat for a feature article published in the
review Finance, Contrôle, Stratégie and entitled
employee shareholding influence the level
of executive compensation in French listed
companies? Empirical study on the SBF 120
stock market index (2009-2015)".
The data are
used for analysing companies, for benchmarking,
for market research, as well as for academic research
and teaching, and for macroeconomic analysis. Here
Geurts, L’actionnariat des salariés : Un moyen
efficace en vue d’améliorer le rapport conflictuel
entre les actionnaires et les salariés, UCL Louvain
School of Management, 2018
Yong Kim and Pankaj C. Patel,
" Employee ownership and firm performance: A variance
decomposition analysis of European firms", Journal
of Business Research, August 2016
Bahia Machado, The Determinants of Employee
Ownership Plan Implementation in EU Countries
- the Quest for Economic Democracy: a first Look
at the Evidence, Organizacija, May 2016
Richter & Susanne Schrader, Levels of
Employee Share Ownership and the Performance of
Listed Companies in Europe, British Journal of
Industrial Relations, January 2016
Survey of employee share ownership in European
Based on the
EFES database, an annual survey of employee share
ownership in Europe since 2005.
Eres Actionnariat Salarié 2015 en France
et en Europe
Eres, Etude Actionnariat Salarié 2014,
Paris, Mai 2014.
Richter & Susanne Schrader, Reported levels
of employee share ownership and the performance
of listed companies in Europe, University of Liverpool
& EBS Business School, 2013.
Moskalu, Une analyse socio-cognitive de l'impact
de l'actionnariat salarié sur la création de valeur
des entreprises françaises cotées, Université
de Lorraine - Cerefige, December 2012.
Martes, Employee Ownership and Firm Performance,
Performance of Employee-Owned Firms in Europe,
Tilburg University, November 2012.
Parliament - DG Internal Policies of the EU,
Employee Financial Participation in Companies'
Proceeds, September 2012.
Schrader, Antecedents and Effects of Broad-based
Employee Ownership in Organizations, EBS Business