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2012
- handle: 10670/1.k8opql
- hal: hal-01382074
- doi: 10.1007/s10551-012-1255-0
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info:eu-repo/semantics/altIdentifier/doi/10.1007/s10551-012-1255-0
info:eu-repo/semantics/OpenAccess
Sujets proches
Standard of value ESOP (Employee stock ownership plans) Workers' control Stock ownership for employees Employee stock purchase plans Ownership, Employee Buyouts, Worker Worker buyouts Economic democracy Stock purchase plans, Employee Biblical cosmogonyCiter ce document
Thierry Poulain-Rehm et al., « Does Employee Ownership Benefit Value Creation? The Case of France (2001–2005) », HALSHS : archive ouverte en Sciences de l’Homme et de la Société, ID : 10.1007/s10551-012-1255-0
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Résumé
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.