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

Alex Bryson and Richard Freeman

A chapter in Advances in the Economic Analysis of Participatory & Labor-Managed Firms, 2010, pp 1-22 from Emerald Group Publishing Limited

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).

Date: 2010
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Working Paper: To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation (2010)
Working Paper: To join or not to join? Factors influencing employee share plan membership in a multinational corporation (2010)
Working Paper: To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation (2010)
Working Paper: To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aeapzz:s0885-3339(2010)0000011005

DOI: 10.1108/S0885-3339(2010)0000011005

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