Year: 1978
Type: article
Abstract: Employee ownership can be found throughout the history of the United States, although companies that are wholly owned by employees (including workers) have always been rare. One survey reported that 389 companies, in which a large proportion of the stock was directly owned by employees, were established in the United States between 1791 and 1940.1 The number of companies with at least some degree of employee ownership was probably much larger, and there is evidence that this number has grown in recent years.2 Several aspects of performance in a variety of employee-owned companies are analyzed in this article. The data employed include: the size and sales volume of employee-owned companies; the percent of employees who participate in the ownership plan; the percent of equity owned by nonmanagerial as well as managerial persons; and aspects of control of the company by employees. Also analyzed are the attitudes of managers toward the ownership plan and their judgment about the effect of the plan on productivity and profit. Actual profit data were available for a subset of companies, and the relationship between profit and other characteristics of these companies was studied.
Authors: Michael A. Conte, Arnold S. Tannenbaum
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W192497513