Employee Participation, Ownership, and Productivity: A Theoretical Framework

Type of Work

Article

Date

10-1995

Journal Title

Industrial Relations

Journal ISSN

0019-8676

Journal Volume

34

Journal Issue

4

First Page

532

Last Page

554

DOI

10.1111/j.1468-232X.1995.tb00387.x

Abstract

A new conceptual framework to define and differentiate among diverse forms of employee ownership is developed. Two central rights associated with ownership, return and control rights, are identified. Their impact on individual motivation, individual performance, organizational structural variables and organizational performance is evaluated. We show how, over certain ranges of combinations of control and return rights, the relationship between alternative ownership arrangements and organizational performance may be nonlinear. The implications of the introduction of employee ownership and the evaluation of empirical work are considered.

Notes

JEL Classificatiion: J54

Hamilton Areas of Study

Economics

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