Aubert, Nicolas; Garnotel, Guillaume; Lapied, André; … - In: Economic Modelling 40 (2014) C, pp. 423-434
Employee ownership is often used not only as a reward management tool but also as an entrenchment mechanism. The … literature suggests that good managers use employee ownership as a reward management tool, whereas bad managers implement it for … entrenchment, thus suggesting the existence of an equilibrium level of employee ownership. The contributions of this paper are both …