EMPLOYEE
OWNERSHIP AND CORPORATE PERFORMANCE
Researchers
now agree that "the case is closed" on employee ownership and
corporate performance.
Findings this consistent are very unusual. We can say with certainty
that when ownership and participative management are combined,
substantial gains result. Ownership alone and participation
alone, however, have, at best, spotty or short-lived results.
This is how the NCEO - the US National Center for Employee Ownership
concludes its page on employee ownership and corporate performance.
Over
the years, the NCEO has reported on new research on employee
ownership and corporate performance. Now that a substantial
body of work exists on the subject, we thought it would make
sense to summarize it in one place. The research comes to a
very definite conclusion: the combination of ownership and participative
management is a powerful competitive tool. Neither ownership
nor participation alone, however, accomplishes very much.
The full page can be seen on http://www.nceo.org/library/corpperf.html
RESEARCH
20.02.2003: New major document: Report for the European Parliament:
A Review of the Issues and Evidence, by Virginie Pérotin
and Andrew Robinson:
Employee Participation... A Review of the Issues and Evidence,
Report for the European Parliament (60 pages, PDF)
Wonderful research report on companies cases in UK: "Employee
ownership, motivation and productivity", November 2002
(pdf, 34 pages).