Does Employee Ownership Benefit Value Creation? The Case of France (2001–2005)
| Autor: | Xavier Lepers, Thierry Poulain-Rehm |
|---|---|
| Přispěvatelé: | Béraud, Louise, Institut de Recherche en Gestion des Organisations (IRGO), Université Montesquieu - Bordeaux 4-Institut d'Administration des Entreprises (IAE) - Bordeaux, CREFF, Université Montesquieu - Bordeaux 4, CEntre de REcherche en GEstion - EA 1722 (CEREGE), Institut d'Administration des Entreprises (IAE) - Poitiers (IAE Poitiers), Université de Poitiers-Université de Poitiers-Université de Poitiers-Université de La Rochelle (ULR), Université de Poitiers-Université de La Rochelle (ULR)-Institut d'Administration des Entreprises (IAE) - Poitiers (IAE Poitiers), Université de Poitiers-Université de Poitiers |
| Rok vydání: | 2012 |
| Předmět: |
Economics and Econometrics
corporate governance Accounting Sample (statistics) Stakeholders Employee ownership Arts and Humanities (miscellaneous) Shareholder 0502 economics and business Employee engagement Business and International Management ComputingMilieux_MISCELLANEOUS Quality of Life Research 050208 finance Value creation business.industry Corporate governance 05 social sciences General Business Management and Accounting Employee ownership - Value creation - Corporate governance - Shareholders - Stakeholders [SHS.GESTION]Humanities and Social Sciences/Business administration Business Shareholders Business ethics [SHS.GESTION] Humanities and Social Sciences/Business administration Law 050203 business & management |
| Zdroj: | Journal of Business Ethics Journal of Business Ethics, Springer Verlag, 2012, 112 (2), pp.325--340 Journal of Business Ethics, Springer Verlag, 2012, 112 (2), pp.325-340. ⟨10.1007/s10551-012-1255-0⟩ |
| ISSN: | 1573-0697 0167-4544 |
| DOI: | 10.1007/s10551-012-1255-0 |
| Popis: | International audience; The focus of this paper is employee ownership, specifically the role of employee ownership in value creation. Based on a sample of 163 French companies, we have measured the impact of employee share ownership on value creation for both shareholders and stakeholders. Only companies with a sustained employee ownership policy over a 5-year period (from 2001 to 2005), as defined by the French Federation of Employee and Former Employee Shareholders (FAS), have been considered. The results indicate that employee share ownership plans have no effect on shareholders' or stakeholders' value creation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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