Shared Capitalism at Work
Shared Capitalism at Work

Author: Douglas L. Kruse

Publisher: University of Chicago Press

Published: 2010-06-15

Total Pages: 433

ISBN-13: 0226056961

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The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.

Sharing in the Company
Sharing in the Company

Author: Erik Poutsma

Publisher: Emerald Group Publishing

Published: 2017-06-12

Total Pages: 172

ISBN-13: 1785609653

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Volume 17 of Advances in the Economic Analysis of Participatory and Labor-Managed Firms provides detailed analysis on standard econometric studies to new institutional economics to behavioral economics.

Profit Sharing and Company Performance
Profit Sharing and Company Performance

Author: Marija Ugarkovic

Publisher: Springer-Verlag

Published: 2008-01-15

Total Pages: 135

ISBN-13: 3835055089

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Marija Ugarkovic examines whether financial participation can contribute to a more equitable distribution of income and wealth, whether it can increase employment and lead to improved company performance. The author uses a large-scale German establishment panel thus proving the beneficial impact on productivity and employment. In addition, she shows that profit sharing does not lead to a reduction of base wages but is paid in addition to regular wages. It becomes evident that profit sharing has more positive effects for large firms than for small and medium-sized companies.

Creating a Bigger Pie?
Creating a Bigger Pie?

Author: Joseph R. Blasi

Publisher:

Published: 2008

Total Pages: 58

ISBN-13:

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This paper uses data from NBER surveys of over 40,000 employees in hundreds of facilities in 14 firms and from employees on the 2002 and 2006 General Social Surveys to explore how shared compensation affects turnover, absenteeism, loyalty, worker effort, and other outcomes affecting workplace performance. The empirical analysis shows that shared capitalism has beneficial effects on all outcomes save for absenteeism and that it has its strongest effects on turnover, loyalty, and worker effort when it is combined with: a) high-performance work policies (employee involvement, training, and job security), b) low levels of supervision, and c) fixed wages that are at or above market level. Most workers report that cash incentives, stock options, ESOP stock, and ESPP participation motivate them to work harder. The interaction of the effects of shared capitalism with other corporate policies suggests that the various shared capitalist and other policies may operate through a latent variable, "corporate culture".

People's Capitalism?
People's Capitalism?

Author: Lesley Baddon

Publisher:

Published: 1989

Total Pages: 344

ISBN-13:

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Discusses the ways in which attitudes to ownership have changed and how these, in turn, relate to attitudes to work. It also addresses the implications of profit sharing and employee share ownership for industrial relations.