The influence of employee share ownership on CSR performance. The case of SBF 120 listed companies

L’influence de l’actionnariat salarié sur la performance RSE. Le cas des sociétés cotées au SBF 120

Oussama Moustabchir, Mohamed Khenissi () and Jean-Yves Juban ()
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Oussama Moustabchir: UGA - Université Grenoble Alpes
Mohamed Khenissi: Iaelyon - Iaelyon School of Management - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon, MAGELLAN - Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon
Jean-Yves Juban: CERAG - Centre d'études et de recherches appliquées à la gestion - UGA - Université Grenoble Alpes

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Abstract: This paper analyses the influence of employee ownership on French companies' CSR performance. Based on a sample of 102 companies from the SBF 120 stock index over the period 2012-2021, the results show that employee ownership has a positive influence on overall CSR performance, social and governance performance in particular. Our results also show that employee ownership only becomes a lever for environmental performance when employees hold a high or even majority level of their company's capital. Our study highlights the fact that development of employee ownership enhances companies' CSR efforts. These results are robust under two alternative measurements of employee ownership.

Keywords: Actionnariat; salarié; –; Conseil; d’administration; –; RSE; –; Gouvernance; –; Enracinement (search for similar items in EconPapers)
Date: 2024-07-14
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Published in Finance Contrôle Stratégie, 2024, NS-16 (Numéro spécial 16), http:// journals.openedition.org/fcs/12857. ⟨10.4000/12nih⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04847564

DOI: 10.4000/12nih

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