Researchers now agree that "the case is closed"
on employee ownership and corporate performance.
The research comes to a very definite conclusion:
the combination of ownership and participative
management is a powerful competitive tool. Neither
ownership nor participation alone, however,
accomplishes very much. Findings this consistent
are very unusual. We can say with certainty
that when ownership and participative management
are combined, substantial gains result. Ownership
alone and participation alone, however, have,
at best, spotty or short-lived results.
DEDICATED
WEBPAGES
Over the years, several organisations accross
the world have reported on new research on employee
ownership and corporate performance. Now that
a substantial body of work exists on the subject,
they thought it would make sense to summarize
it in one place. This is why they set up dedicated
pages about employee ownership and corporate
performance, here are the best ones:
The
ESOP Association in USA
The
NCEO - National Center for Employee Ownership
in USA
The
Employee Ownership Group in Australia
RESEARCH
18.06.2008: New
Research
Confirms Majority-Owned ESOPs More Productive
Than Non-ESOP Counterparts
The study, Employee Ownership and Participation
Effects on Firm Outcomes, was conducted by Brent
Kramer, an economics doctoral candidate at the
time of the study and now a Ph.D. The Employee
Ownership Foundation and the ESOP Association
contributed membership information for the study.
A total of 328 ESOP firms and over 2,000 matching
non-ESOP firms were included in the study.
13.02.2008: Universität
Chemnitz - Research Project: Business elements
in the new payment policy, extent and effects
of contingent compensation
18.10.2007: "Les
effets de participation des salariés sur la
performance des entreprises", Xavier Hollandts
- thèse de doctorat soutenue à
Lyon le 4.9.2007
07.03.2007: The CoCo Report: Work, Happiness
and Employee Ownership: Companies where workers
have a say in decisions and a stake in ownership
are more productive because staff are happier,
according to a new report in the UK. The study
found absence levels were lower and workers
were more committed in "co-owned" companies.
The British Government was urged to introduce
tax incentives to encourage the launch of more
co-owned companies. Download
the full report
20.02.2003: New major document: Report for the
European Parliament: A Review of the Issues
and Evidence, by Virginie Pérotin and
Andrew Robinson:
Employee Participation... A Review of the Issues
and Evidence, Report for the European Parliament
(60 pages, PDF)
Wonderful research report on companies cases
in UK: "Employee
ownership, motivation and productivity",
November 2002 (pdf, 34 pages).
