Have a personal or library account? Click to login
The Determinants of Employee Ownership Plan Implementation in EU Countries – the Quest for Economic Democracy: a First Look at the Evidence Cover

The Determinants of Employee Ownership Plan Implementation in EU Countries – the Quest for Economic Democracy: a First Look at the Evidence

Open Access
|Jun 2016

References

  1. Ashford, R. (1994). The Binary Economics of Louis Kelso: A Democratic Private Property System for Growth and Justice. In J. H. Miller (Ed.), Curing World Poverty: The New Role of Property (pp. 351-375). Saint Louis. MO: Social Justice Review and The Center for Economic and Social Justice.
  2. Ashford, R. (2011). Broadening the right to acquire capital with the earnings of capital: The missing link to sustainable economic recovery and growth, http://dx.doi.org/10.2139/ssrn.134218310.2139/ssrn.1342183
  3. Black, S. E., & Lynch, L. M. (2001). How to compete: The impact of workplace practices and information technology on productivity. Review of Economics and Statistics, 83(3), 434-445, http://dx.doi.org/10.1162/0034653015248008110.1162/00346530152480081
  4. Blasi, J. R., Freeman, R. B., & Kruse, D. L. (20, 14). The citizen’s share: Reducing inequality in the 21st century. New Haven, CT: Yale University Press.
  5. Blekesaune, M., & Quadagno, J. (2003). Public Attitudes toward Welfare State Policies: A Comparative Analysis of 24 Nations. European Sociological Review, 19(5), 415-427, http://dx.doi.org/10.1093/esr/19.5.41510.1093/esr/19.5.415
  6. Bryson, A., Freeman, R. B., Lucifora, C., Pellizzari, M., & Perotin, V. (2013). Paying for performance: incentive pay schemes and employees’ financial participation. In: T. Boeri, C. Lucifora, & K. J. Murphy (Eds.), Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective (pp. 123-278). Oxford, UK: Oxford University Press.
  7. Buchele, R., Kruse, D. L., Rodgers, L., & Scharf, A. (2010). Show me the money: Does shared capitalism share the wealth? In D. L. Kruse, R. B. Freeman, & J. R. Blasi (Eds.), Shared capitalism at work: Employee ownership, profit and gain sharing, and broad-based stock options (pp. 351-375). Chicago: University of Chicago Press.
  8. Christelis, D., Jappelli, T., & Padula, M. (2010). Cognitive abilities and portfolio choice. European Economic Review, 54(1), 18-38, http://dx.doi.org/10.1016/j.euroecorev.2009.04.00110.1016/j.euroecorev.2009.04.001
  9. Comisión Nacional de Mercado de Valores. (2008). CNMV annual report regarding its actions and the securities markets. Madrid: CNMV.
  10. Comisión Nacional de Mercado de Valores. (2010). CNMV annual report regarding its actions and the securities markets. Madrid: CNMV.
  11. Comisión Nacional de Mercado de Valores. (2012). CNMV annual report regarding its actions and the securities markets. Madrid: CNMV.
  12. Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2003). Appropriate institutions. In B. Pleskovic & N. Stern (Eds.), Annual World Bank Conference on Development Economics 2003: The new reform agenda (pp. 283-298). New York: The World Bank and Oxford University Press.
  13. Employee Stock Ownership Plan Association (1984). Luncheon address by Louis O. Kelso, ESOP Association meeting. Washington, DC. Retrieved from http://kelsoinstitute.org/louiskelso/kelso-paradigm/who-whatand-why/
  14. European Commission. (1996). PEPPER II. Promotion of participation by employed persons in profits and enterprise results (including equity participation) in Member States 1996. Report from the Commission. COM (96) 697 final, 8 January 1997.
  15. European Commission. (2002). Communication from the Commission to the Council, the European Parliament, the Economic and Social Committee and the Committee of the Regions: On a framework for the promotion of employee financial participation. COM (2002) 364 final.
  16. European Commission. (2015). Annual Report on European SMEs 2014/2015: SMEs start hiring again. SME Performance Review 2014/2015. European Commission, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs, http://dx.doi.org/10.2873/886211
  17. Festing, M., Groening, Y., Kabst, R., & Weber, W. (1999). Financial participation in Europe-Determinants and outcomes. Economic and Industrial Democracy, 20(2), 295-329, http://dx.doi.org/10.1177/0143831X9920200710.1177/0143831X99202007
  18. Freeman, R. B. (2014). Who owns the robots rules the world. IZA World of Labor, 4, http://dx.doi.org/10.15185/izawol.510.15185/izawol.5
  19. Gill, C., & Krieger, H. (2000). Recent Survey Evidence on Participation in Europe: Towards a European Model? European Journal of Industrial Relations, 6(1), 109-132. , http://dx.doi.org/10.1177/09596801006100610.1177/095968010061006
  20. Gwartney, J., Lawson, R., & Hall, J. (2015). Economic Freedom of the World: 2015 Annual Report. Vancouver: Fraser Institute.
  21. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2009). Multivariate Data Analysis (7th ed.). Upper Saddle River, NJ: Prentice Hall.
  22. Hashi, I., & Hashani, A. (2013). Determinants of financial participation in the EU: Employers’ and employees’ perspectives. In D. L. Kruse (Ed.), Sharing ownership, profits, and decision-making in the 21st century: Vol. 14. Advances in the economic analysis of participatory & labor-managed firms (pp. 187-215). Bingley, UK: Emerald.
  23. Ichniowski, C., Shaw, K., & Prennushi, G. (1997). The effects of human resource management practices on productivity: A study of steel finishing lines. American Economic Review, 87(3), 291-313.
  24. Kaarsemaker, E., Pendleton, A., & Poutsma, E. (2010). Employee share ownership. In A. Wilkinson, P. J. Gollan, M. Marchington, & D. Lewin (Eds.), The Oxford Handbook of Participation in Organizations (pp. 315-337). Oxford, UK: Oxford University Press, http://dx.doi.org/10.1093/oxfordhb/9780199207268.003.001310.1093/oxfordhb/9780199207268.003.0013
  25. Kaarsemaker, E., & Poutsma, E. (2006). The Fit of Employee Ownership with other Human Resource Management Practices: Theoretical and Empirical Suggestions Regarding the Existence of an Ownership High-Performance Work System. Economic and Industrial Democracy, 27(4), pp.669-685, http://dx.doi.org/10.1177/0143831X0606900910.1177/0143831X06069009
  26. Keeley, B. (2015). Income Inequality: The Gap between Rich and Poor (OECD Insights). Paris: OECD Publishing, http://dx.doi.org/10.1787/9789264246010-en .10.1787/9789264246010-en
  27. Kelso, L. O., & Adler, M. J. (1958). The capitalist manifesto. New York: Random House.
  28. Kelso, L. O., & Adler, M. J. (1961). The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings. New York: Random House.
  29. Kelso, L. O., & Kelso, P. H. (1991). Democracy and economic power: Extending the ESOP revolution through binary economics. Lanham, MD: University Press of America.
  30. Kennedy, P. (2003). A guide to econometrics (5th ed.). Cambridge, MA: MIT Press.
  31. Kuhn, N. (2015). Time to take action-Finally supporting employee share ownership. Deutsches Aktieninstitut, Gastbeitrag. Frankfurt: Deutsches Aktieninstitut. Retrieved from http://www.efesonline.org/DE/2015/Time%20to%20take%20action%20-%20Finally%20supporting%20employee%20share%20ownership.pdf
  32. Kurland, N. G. (2001). A new look at prices and money: the Kelsonian binary model for achieving rapid growth without inflation. The Journal of Socio-Economics, 30(6), 495-515, http://dx.doi.org/10.1016/S1053-5357(01)00121-410.1016/S1053-5357(01)00121-4
  33. Kutner, M., Nachtsheim, C., Neter, J., & Li, W. (2004). Applied linear regression models (5th ed.). Boston: McGraw-Hill/Irwin.
  34. La Porta, R., Lopez-de-Silanes, F. & Shleifer, A. (2008). The Economic Consequences of Legal Origins. Journal of Economic Literature, 46(2), 285-332, http://dx.doi.org/10.1257/jel.46.2.28510.1257/jel.46.2.285
  35. Lowitzsch, J., & Hashi, I. (2014). The promotion of employee ownership and participation. European Commission. Brussels: European Union. Retrieved from http://ec.europa.eu/internal_market/company/docs/modern/141028-study-for-dg-markt_en.pdf
  36. Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5-44, http://dx.doi.org/10.1257/jel.52.1.510.1257/jel.52.1.5
  37. Machado, R. B. (2011). Participación de los trabajadores en el capital de la empresa: su implementación y viabilidad en Portugal. Análisis de 14 países de la Unión Europea. Madrid: Universidad Complutense de Madrid.
  38. Machado, R. B. (2013). La participación de los trabajadores en las empresas en Europa. Su evolución hasta hoy en día. In G. Lejarriaga, S. Martín, & A. Muñoz (Eds.), 40 años de historia de las Empresas de Participación. La visión desde la Escuela de Estudios Cooperativos (pp. 549-569). Madrid: Editorial Verbum.
  39. Mathieu, M. (2015). Economic survey of employee ownership in European countries 2014. Brussels: European Federation of Employee Share Ownership.
  40. McCartney, J. (2004). Financial participation in the EU: Indicators for benchmarking. Luxembourg: Office for Official Publications of the European Communities.
  41. Miller, T., & Kim, A. B. (2015). 2015 Index of Economic Freedom: Promoting economic opportunity and prosperity. Washington, DC: The Heritage Foundation and Dow Jones & Company.
  42. Nuttall, G. (2012). Sharing success: The Nuttall review of employee ownership. London: Department for Business, Innovation & Skills (BIS).
  43. Pendleton, A. (2010). Employee share ownership and investment concentration: which employee shareholders fail to diversify? Human Resource Management Journal, 20(2), 157-174, http://dx.doi.org/10.1111/j.1748-8583.2010.00128.x 10.1111/j.1748-8583.2010.00128.x
  44. Pendleton, A., Poutsma, E., van Ommeren, J., & Brewster, C. (2001). Employee share ownership and profit-sharing in the European Union. Luxembourg: Office for Official Publications of the European Communities.
  45. Pendleton, A., Poutsma, E., van Ommeren, J., & Brewster, C. (2003). The incidence and determinants of employee share ownership and profit sharing in Europe. In T. Kato & J. Pliskin (Ed.), The determinants of the incidence and the effects of participatory organizations: Vol. 7. Analysis of participatory and labor-managed firms (pp. 141-172). Oxford, UK: JAI Press.
  46. Pierce, J. L., Kostova, T., & Dirks, K. T. (2001). Toward a theory of psychological ownership in organizations. Academy of Management Review, 26(2), 293-310, http://dx.doi.org/10.5465/AMR.2001.437802810.5465/amr.2001.4378028
  47. Poutsma, E. (2001). Recent trends in employee financial participation in the European Union. Luxembourg: Office for Official Publications of the European Communities.
  48. Poutsma, E., & Huijgen, F. (1999). European Diversity in the Use of Participation Schemes. Economic and Industrial Democracy, 20(2), 197-223, http://dx.doi.org/10.1177/0143831X9920200310.1177/0143831X99202003
  49. Poutsma, E., & Nijs, W. (2003). The global phenomenon of employee financial participation. International Journal of Human Resource Management, 14(6), 855-862, http://dx.doi.org/10.1080/095851903200010612810.1080/0958519032000106128
  50. Poutsma, E., Nijs, W., & Poole, M. (2003). Broad-based employee financial participation in the European Union. International Journal of Human Resource Management, 14(6), 863-892, http://dx.doi.org/10.1080/095851903200010611910.1080/0958519032000106119
  51. Richter, A., & Schrader, S. (2013). Reported levels of employee share ownership and the performance of listed companies in Europe. Retrieved from http://www.efesonline.org/Database%20of%20employee%20ownership/Users/Richter_Schrader_Reported%20Levels%20of%20ESO%20and%20the%20Performance%20of%20Listed%20Companies%20in%20Europe.pdf
  52. Rosen, C., Case, J. & Staubus, M. (2005). Equity: why employee ownership is good for business. Boston, MA: Harvard Business School Press.
  53. Schwab, K. (Ed.). (2014). The Global Competitiveness Report 2014-2015: Full Data Edition. Geneva: The World Economic Forum.
  54. Terrell, T. D. (2005). Binary economics: Paradigm shift or cluster of errors? The Quarterly Journal of Austrian Economics, 8(1), 30-50, http://dx.doi.org/10.1007/s12113-005-1015-410.1007/s12113-005-1015-4
  55. Uvalic, M. (1991). The PEPPER report: Promotion of employee participation in profits and enterprise results. Commission of the European Communities. Luxembourg: Office for Official publications of the European Communities.
  56. Zundel, A. (2000). Kelso’s binary economy as social ethics. The Journal of Socio-Economics, 29(6), 495-515, http://dx.doi.org/10.1016/S1053-5357(00)00108-6 10.1016/S1053-5357(00)00108-6
DOI: https://doi.org/10.1515/orga-2016-0007 | Journal eISSN: 1581-1832 | Journal ISSN: 1318-5454
Language: English
Page range: 94 - 107
Submitted on: Aug 7, 2015
|
Accepted on: Apr 22, 2016
|
Published on: Jun 10, 2016
Published by: University of Maribor
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2016 Ricardo B. Machado, published by University of Maribor
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.