Employee Share Ownership and Profit Sharing

Jonathan Michie is Professor of Innovation and Knowledge Exchange and a Pro-Vice-Chancellor at the University of Oxford, where he is also President of Kellogg College. He is the Director of the Centre on Mutual & Co-owned Business, a Fellow of the Academy of Social Sciences, and was awarded an OBE for his services to education and lifelong learning. He is the Managing Editor of the International Review of Applied Economics, and Chair of the Universities Association for Lifelong Learning.Joseph Blasi is the J. Robert Beyster Distinguished Professor and Director of the Institute for the Study of Employee Ownership and Profit Sharing at the School of Management and Labor Relations at Rutgers University. He is an economic sociologist, and his work includes economic sociology, social and economic history, and public policy, particularly focused on the issue of capital shares, profit sharing, gain sharing, and stock options in corporations, across countries, industries, and regions.

• Introduction: Realising the mutual advantage 1. Disabilities, shared capitalism, and wealth: evidence from health and retirement survey 2. Feeling like owners: the impact of high-performance work practices and psychological ownership on employee outcomes in employee-owned companies 3. Employee share ownership and the nature of earnings management 4. Retheorizing workplace spillover theory: does an economic-based pathway exist? 5. Interrelations of broad-based employee stock compensation, organisational justice perception, and psychological ownership 6. Race, inclusion, and equity: do ESOP jobs deliver for Black workers? 7. Operationalizing critical success factors of employee ownership using principles of learning management 8. Financial participation, productivity and conflict in French firms 9. Does employee ownership promote workers’ wealth accumulation? the case of stock options 10. Employee ownership: a view from the lab 11. Voluntary sustainability standards, employee ownership, and the sustainable development goals: can VSS leverage EO to accelerate progress towards the SDGs? 12. The productivity effects of worker representation on the board 13. Employee benefit programs and corporate social responsibility: the impacts of flexibility- and stability-enhancing programs 14. A review of the applicability of the main theories of financial structure to Spanish worker cooperatives 15. The impact of employee share ownership on job quality: insights from closely held businesses 16. The role of agricultural cooperatives in economic development: international experience