Each academic discipline wrestles with framing objects of study within its field. This paper is a reflexive analysis of the ontology of employee ownership (EO) and employee-owned businesses (EOBs) based on ten cases from two PhDs and two post-doctoral studies. We found that normative definitions...

This study examines the impact of non-executive employee stock ownership plans (ESOPs) on corporate environmental engagement. We show that granting ESOPs to non-executive employees promotes greater corporate environmental engagement in terms of environmental protection expenditures,...

Purpose: We examine whether employee ownership in DC plans are explained by either shared capitalism or managerial entrenchment motives. Design/methodology/approach: We calculate the average monthly risk-adjusted return (alpha) of each portfolio by sorting firms into six portfolio groups based...

We examine the role of employee stock option plans (ESOPs) in mitigating agency problems in New Zealand firms. We find that ESOPs have a significant and positive effect on firm performance relative to their non-ESOP counterparts. This relation appears within a year from the first ESOP...

Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question - especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...

Many firms use equity-based profit sharing to boost participation in employee stock purchase plans (ESPPs). Using a large panel data set (N=262,824) of a multinational firm, we compare the reactions of former ESPP participants and non-participants to a profit sharing distribution (PSD). We find...

We examine whether the ESOP (employee stock ownership program) has a significant effect on a company's stock volatility during the COVID-19 lockdown. We find that although banks' stock prices were more volatile in response to the rise of COVID-19 confirmed cases, banks with ESOP showed...

Growth companies contribute disproportionately to Canada’s job creation, economic development and innovation. Most growth companies can match neither the salaries nor the security of more established competitors for executive talent. This makes their only advantage — the growth prospects of...