
The Real World of Employee Ownership
ILR Press
Published on 21. November 2001
Book
Hardback
264 pages
978-0-8014-3349-8 (ISBN)
Description
Using data from an extensive study of employee-owned companies in Ohio, where employee ownership is a well-developed trend, this book offers a strong empirical portrait of firms with Employee Stock Ownership Plans (ESOPs). It describes how these plans work and places their emergence and change in a historical context. John Logue and Jacquelyn Yates examine firms that have succeeded in employee ownership and those with failed plans. Some companies, they find, are committed to the concept of employee ownership, and others merely use ESOPs as a financing tool.Detailed information resulting from multiple surveys allows the authors to draw well-grounded conclusions regarding the question of why some employee-owned firms outperform others. The bottom line, they find, is that employee-owned firms that "do it all," implementing features such as employee participation and communication about finances, training, and cultural change, systematically outperform their conventional competitors. They also have an advantage over firms that understand employee ownership incompletely, if it all, and yet claim to adopt its methods.
Reviews / Votes
I see this book as necessary reading for any scholar studying employee stock ownership program issues.... Management scholars will find the modeling and the ESOP performance analysis quite useful as well. Finally, Greider's foreword calls us to consider ESOPs as a necessary transformation in our world of work. Logue and Yates certainly move us well in that direction.(American Journal of Sociology)
More details
Language
English
Place of publication
New York
United States
Publishing group
Cornell University Press
Target group
College/higher education
Professional and scholarly
Product notice
Paper over boards
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 25 mm
Weight
907 gr
ISBN-13
978-0-8014-3349-8 (9780801433498)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
John Logue was Professor of Political Science at Kent State University and Director of the Ohio Employee Ownership Center. He was coeditor or coauthor of many books and a frequent contributor to The Progressive. Jacquelyn S. Yates is Assistant Professor of Political Science at the Salem campus of Kent State University and a faculty associate at the Ohio Employee Ownership Center. William Greider, national affairs correspondent for The Nation magazine, is author of One World, Ready or Not: The Manic Logic of Global Capitalism.