Modern economies deprive workers of natural democratic rights and any share of the surplus they produce, with most of the benefits of growth appropriated by capital owners. Worker wellbeing and job satisfaction are ignored unless they contribute directly to profitability, while precarious...

A major theoretical objection against employee ownership is that workers become inadequately diversified and exposed to excessive financial risk. Recent theory concludes that 10-15% of a worker's wealth portfolio can be prudently invested in employer stock provided the rest of the portfolio is...

Modern economies deprive workers of natural democratic rights and any share of the surplus they produce, with most of the benefits of growth appropriated by capital owners. Worker wellbeing and job satisfaction are ignored unless they contribute directly to profitability, while precarious...

The premise of this paper is that state aid to distressed companies should benefit not only the current owners but also the employees, who are the ones taking personal risks to continue or restart companies. Government aid during the Great Recession was aimed primarily at restoring the status...

A major theoretical objection against employee ownership is that workers become inadequately diversified and exposed to excessive financial risk. Recent theory concludes that 10-15% of a worker's wealth portfolio can be prudently invested in employer stock provided the rest of the portfolio is...

In the United Kingdom there are currently no statutory regulations on company workers' participation. Generally speaking, UK companies have a monistic governance structure with a board of directors. Theresa May (former prime minister) announced that in future workers were to have representatives...

France is one of 18 EU countries with workers' participation in the supervisory board or the board of directors. Since 2013, moreover, it has also been obligatory in the private sector for companies with more than 1,000 employees in France or 5,000 worldwide. In recent years, the academic, trade...

Employee ownership has attracted growing attention for its potential to improve economic outcomes for companies, workers, and the economy in general, and help reduce inequality. Over 100 studies across many countries indicate that employee ownership is generally linked to better productivity,...

This paper provides novel evidence on the effects of employee stock ownership (ESO), a prominent example of shared capitalism. In so doing, we take advantage of our access to new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more...

Employee ownership has attracted growing attention for its potential to improve economic outcomes for companies, workers, and the economy in general, and help reduce inequality. Over 100 studies across many countries indicate that employee ownership is generally linked to better productivity,...

Im Jahr 2009 wurde das Mitarbeiterkapitalbeteiligungsgesetz verabschiedet. Ziel war es, die Beteiligung für Mitarbeiterinnen und Mitarbeiter attraktiver zu machen. Die Auswertung von 30 betrieblichen Vereinbarungen zur Kapitalbeteiligung zeigt, welche gegenwärtigen Trends vorherrschen. Die...