Desires for and Patterns of Worker Participation in Decision Making After Conversion to Employee Ownership

Employees That Think and Act Like Owners: Effects of Ownership Beliefs and Behaviors on Organizational Effectiveness

“…The first is an instrumental model whereby employee ownership increases employee influence over decision making in the organization, which in turn results in favorable organizational attitudes. For example, it has been shown that employee stockholders expect to exercise control over the organization and participate in decision making (Hammer, Landau, & Stem, 1981;Hammer & Stem, 1980;Long, 1978b;1979). The second perspec-tive is an extrinsic model, positing that employee ownership results in favorable organizational attitudes because employee ownership may be financially rewarding; employee stockholders may be more concerned with their financial investment than with participating in organizational decision making (French, 1987;Rosen, Klein, & Young, 1986).…”

Correlates of employee satisfaction with stock ownership: Who likes an ESOP most?

“…The employee ownership literature suggests that employee ESOP satisfaction depends on the extent to which the ESOP meets employee needs and expectations for financial gain, influence in company decision making, and a sense of greater involvement in the company (French, 1987;Klein, 1987;Long, 1979;Tannenbaum, 1983). We hypothesize that the meeting of these expectations, in turn, depends on five factors; (a) characteristics of the company ESOP, (b) employee status within, and understanding of, the ESOP, (c) employee values, (d) interactions between employee and ESOP characteristics, and (e) halo, the employee's general attitude toward the organization as a whole.…”

Worker participation in Barbados: contemporary practice and prospects

“…Social partnership has however been described, by one commentator, as constituting more an exercise in participatory democracy at the national level than as an opportunity for the widening and deepening of partnership at enterprise level. 3 L. Nurse and D. Devonish 1912 Insights from the literature Worker participation and employee involvement have been extensively discussed in the literature (see, for example , Pateman 1970;Schregle 1976;Bernstein 1976;Ramsay 1977;Dachler and Wilpert 1978;Long 1979;Locke and Schweiger 1979;Lansbury and Prideaux 1981;Rubenowitz, Norrgren and Tannenbaum 1983;Lansbury and Davis 1991;Eaton and Voos 1992;McMahan and Lawler III 1995;Black and Gregersen 1997;Wimalasiri and Kouzmin 2000;Ang 2002;Mizrahi 2002;Jarrar and Zairi 2002). Our review of the literature will focus on the different competing ideological perspectives on participation, as well as on the range of issues that constitute the major thrust of this article.…”