Performance

This report provides a detailed examination of the benefits received by departing employees of a company converted to 100% employee ownership either as an ESOP or a Co-op over a 15 year period. It also studies the net cash retained by the ESOP or Co-op firm over the same time-span. It discusss the some theoretical and practical implications related to the two forms of employee ownership.

This proposal examines the problem of economic disparity facing the United States, and presents an option for reform based on employee ownership and incentive-based compensation. It also proposes a change in tax policy accordingly and examines the impact of the proposal on a few Fortune 500 firms.

This article examines the role of ESOPs in transfering wealth to employees and the financial impact of ESOP legislation.

This report quantifies the economic impact of S corporations that sponsor employee stock ownership plans on the US economy in terms of jobs, income, output, and tax revenue.

The employee-owned sector – where companies are wholly or substantially owned by their staff – is estimated to be worth £25 billion annually, equivalent to 2% of UK GDP. Employee-owned businesses (EOBs) operate in a wide range of sectors, from retail, manufacturing and engineering to financial services. Employee-owned organisations also operate in the public sector, delivering services such as health and community care.

The cooperative ownership model is used in a wide variety of contexts in the United States, ranging from the production and distribution of energy to delivery of home health care services for the elderly. Although cooperative businesses have been responsible for many market innovations and corrections of market imperfections, little is known about their impact as an economic sector. Until this project, no comprehensive set of national-level statistics had been compiled about U.S. cooperative businesses, their importance to the U.S.

This report will provide historical evidence and current empirical evidence that proves that the cooperative model of enterprise survives crisis, but more importantly that it is a sustainable form of enterprise able to withstand crisis, maintaining the livelihoods of the communities in which they operate. It will further suggest ways in which the ILO can strengthen its activity in the promotion of cooperatives as a means to address the current crisis and avert future crisis.

In the 28 years since Congress established Employee Stock Ownership Plans (ESOPs), over 10,000 U.S. companies have adopted and maintained ESOPs—dozens of studies have evaluated the effects of ESOP on company performance. After reviewing the research literature, Dr. Douglas Kruse concluded: “25 years of research shows that employee ownership often leads to higher-performing workplaces and better compensation and work lives for employees.” Study 1 (below) indicates that this “ownership effect” averages 2 to 3% per year on a variety of measures.

This paper argues the conjecture that worker cooperatives (WCs) are rare because of competitive disadvantages relative to conventionally-owned firms (CFs) is not supported by existing research. It surveys research on the survival and failure of WCs and CFs and estimates the nonparametric hazard and survival functions for CFs in the US. Because the rarity of WCs cannot be attributed to performance it must result from a low formation rate.