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To join or not to join? Factors influencing employee share plan membership in a multinational corporation

Bryson, Alex and Freeman, Richard B. (2010) To join or not to join? Factors influencing employee share plan membership in a multinational corporation. In: Eriksson, Tor, (ed.) Advances in the Economic Analysis of Participatory and Labor-Managed Firms. Advances in the economic analysis of participatory & labor-managed firms book series,11. Emerald Group Publishing Limited, Bingley, UK, pp. 1-22. ISBN 9780857244536

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Abstract

Ownership of shares by employees in their own firm has grown substantially in the advanced world. In the past two decades, it increased in Britain (Pendleton, Whitfield, & Bryson, 2009), the United States (Kruse, Freeman, & Blasi, 2010), and in many EU countries (Pendleton, Poutsma, van Ommeren, & Brewster, 2005; European Federation of Employee Share Ownership, 2009). By 2004, one-fifth of British workplaces had share ownership plans covering one-third of private sector employees (Bryson & Freeman, 2010). In the United States in 2006, an estimated 18% of workers had shares in their own firm, some held through collective employee stock ownership plans, some bought through employee stock purchase plans that give employees a discount on shares, and some through their 401k retirement savings Plan money. In addition to owning shares, 9% of US employees had stock options with the firm. Taking account of the overlap, 24% had an ownership stake through shares or options (Kruse, Blasi, & Park, 2010, Table 1).

Item Type: Book Section
Official URL: http://www.emeraldinsight.com/
Additional Information: © 2010 Emerald Group Publishing Limited
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 31 Aug 2012 12:40
URL: http://eprints.lse.ac.uk/45638/

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