This Policy Brief analyses the main forms by which workers are able to share in the profits and ownership of the companies they work in. It also examines the risks and opportunities of financial participation for workers and poses some questions about how practice should be regulated. Its main...

The paper examines the relationship between managerial share ownership and firm performance for British stock-exchange listed firms. We seek to establish a link between the predictions of agency theory and the corporate control environment using key governance and disclosure thresholds as...

This paper reviews the theory and evidence for agency theory-based explanations for employee stock ownership plans found in the financial participation literature. The UK Workplace Employee Relations Survey 1998 is used to test whether share plans substitute for direct monitoring and individual...

Books reviewed in this article: Terence Jackson - International HRM: A Cross-Cultural Approach Michelle Brown and John S. Heywood (eds.) - Paying for Performance: An International Comparison Saul A. Rubenstein and Thomas A. Kochan - Learning from Saturn: Possibilities for Corporate Governance...

This article explores links between the firm's financial structure, corporate governance, and the management of labour. It reviews various literatures, in particular drawing from financial economics and political economy, and combines these with industrial relations, and human resource...