IDEAS home Printed from https://ideas.repec.org/a/sae/ecoind/v20y1999i4p535-560.html
   My bibliography  Save this article

Employee Stock Ownership Plans: Union Influence and Stakeholder Interests

Author

Listed:
  • Patrick P. Mchugh

    (School of Business and Public Management, George Washington University)

  • Joel Cutcher-Gershenfeld

    (F.W. Olin Graduate School of Management, Babson College and Sloan School of Management, MIT)

  • Michael Polzin

    (School of Labor and Industrial Relations, Michigan State University)

Abstract

This article extends understanding of how institutional factors influence the degree to which employee stock ownership plans (ESOPs) are or are not democratically structured. It examines how factors such as union member participation, industry, age of the ESOP, ownership structure and firm size influence a range of ESOP attributes, including: level of employee ownership, stock allocations, vesting and voting practices and the extent of employee participation in administration and decision-making. Based on a survey of 68 ESOPs, we found that when bargaining unit workers participated in an ESOP, the plan tended to be more participative and egalitarian. By contrast, the other factors examined had relatively little impact. These findings have important implications for unions, managers and policy-makers around what form of ESOP to advance.

Suggested Citation

  • Patrick P. Mchugh & Joel Cutcher-Gershenfeld & Michael Polzin, 1999. "Employee Stock Ownership Plans: Union Influence and Stakeholder Interests," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 20(4), pages 535-560, November.
    • Handle: RePEc:sae:ecoind:v:20:y:1999:i:4:p:535-560
    DOI: 10.1177/0143831X99204003
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0143831X99204003
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0143831X99204003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecoind:v:20:y:1999:i:4:p:535-560. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.ekhist.uu.se/english.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.