Employee share ownership and human resource management: between shareholder and partnership approaches to governance

Actionnariat salarié et gestion des ressources humaines: entre approche actionnariale et partenariale de la gouvernance

Marc Salesina (), Valentin Schmitt () and Anne Stévenot ()
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Marc Salesina: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, IAE Nancy - IAE Nancy School of Management - UL - Université de Lorraine
Valentin Schmitt: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, IAE Nancy - IAE Nancy School of Management - UL - Université de Lorraine
Anne Stévenot: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, IAE Nancy - IAE Nancy School of Management - UL - Université de Lorraine

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Abstract: Using a novel dataset built from the REPONSE 2017 and the FEAS databases, this article highlights the links between employee ownership, HRM practices and industrial relations in French listed companies. We explore the effects of employee ownership intensity (proportion of capital held) and extent (proportion of employee shareholders), as well as the effects of their interaction. Our results suggest contrasting governance logics depending on whether we consider the intensity or the extent of employee ownership, between a shareholder approach on the one hand and a partnership approach on the other.

Date: 2024-11
New Economics Papers: this item is included in nep-inv
Note: View the original document on HAL open archive server: https://hal.univ-lorraine.fr/hal-04777593v1
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Published in Finance Contrôle Stratégie, 2024, 16 (NS), ⟨10.4000/12nim⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04777593

DOI: 10.4000/12nim

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