How Does Shared Capitalism Affect Economic Performance In The Uk
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How Does Shared Capitalism Affect Economic Performance In The Uk
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Author : Alex Bryson
language : en
Publisher:
Release Date : 2008
How Does Shared Capitalism Affect Economic Performance In The Uk written by Alex Bryson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Employee ownership categories.
This paper uses nationally representative linked workplace-employee data from the British 2004 Workplace Employment Relations Survey to examine the operation of shared capitalist forms of pay--profit-sharing and group pay for performance, employee share ownership, and stock options--and their link to productivity. It shows that shared capitalism has grown in the UK, as it has in the US; that different forms of shared capitalist pay complement each other and other labor practices in the sense that firms use them together more than they would if they chose modes of pay and work practices independently; and that workplaces switch among schemes frequently, which suggests that they have trouble optimizing and the transactions cost of switching are relatively low. Among the single schemes, share ownership has the clearest positive association with productivity, but its impact is largest when firms combine it with other forms of shared capitalist pay and modes of organization.
Shared Capitalism At Work
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Author : Douglas L. Kruse
language : en
Publisher: University of Chicago Press
Release Date : 2010-06-15
Shared Capitalism At Work written by Douglas L. Kruse and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-15 with Business & Economics categories.
The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Shared Capitalism At Work
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Author : Douglas L. Kruse
language : en
Publisher: University of Chicago Press
Release Date : 2011-05-01
Shared Capitalism At Work written by Douglas L. Kruse and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-01 with Business & Economics categories.
The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Credible
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Author : Amanda Goodall
language : en
Publisher: Hachette UK
Release Date : 2023-07-11
Credible written by Amanda Goodall and has been published by Hachette UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-11 with Business & Economics categories.
A leading business expert shows why expertise really matters, and how leaders who deeply understand the nuts and bolts of their industry and organization-- from businesses, to hospitals, to universities, to sports-- make all the difference for its success and the happiness of people who work there. Amanda Goodall has spent a decade researching what makes organizations tick, everywhere from the business world to hospitals and healthcare systems, football and basketball teams, and Formula 1 organizations. By debunking the cult of managerialism (the notion that smart people can run anything and the emphasis on leadership personality), Goodall reshapes our understanding of bosses and the traits necessary for organizational success. She identifies the key characteristics of expert leaders and provides a real and grossly underappreciated model for career success: "go deep into a business, work hard, pay attention, and know your stuff." Those who run hospitals and healthcare systems, for example, should be physicians with deep clinical expertise, not financiers or people parachuted in from other industries. Those who run school systems and universities need to understand from experience the stress of balancing teaching, research, and student welfare Credible demonstrates categorically that expertise matters more than ever and that we need our leaders to be experts with a deep, understanding of their organizations from many years spent learning the business and working their way up the ladder. The people who work for them are happier because they feel better understood and the organizations they lead are more successful.
Advances In The Economic Analysis Of Participatory And Labor Managed Firms
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Author : Alex Bryson
language : en
Publisher: Emerald Group Publishing
Release Date : 2012-09-25
Advances In The Economic Analysis Of Participatory And Labor Managed Firms written by Alex Bryson and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-25 with Business & Economics categories.
With the financial crisis and Great Recession, some economists have begun to question the orthodox approach to production and capital/labor relations over the years. This orthodoxy thrown into question due to concerns of poor corporate decision-making, corporate capture of regulators, perceived rewards for failure, and uneven productivity growth.
Stakeholder Capitalism
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Author : Klaus Schwab
language : en
Publisher: John Wiley & Sons
Release Date : 2021-01-27
Stakeholder Capitalism written by Klaus Schwab and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-27 with Business & Economics categories.
Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.
Executive Remuneration And Employee Performance Related Pay
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Author : Tito Boeri
language : en
Publisher: OUP Oxford
Release Date : 2013-03-28
Executive Remuneration And Employee Performance Related Pay written by Tito Boeri and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-28 with Business & Economics categories.
The recent financial crisis has created a public outcry over top-executive pay packages and has led to calls for reform of executive pay in Europe and the US. The current controversy is not the first - nor will it be the last - time that executive compensation has sparked outrage and led to regulation on both sides of the Atlantic. This volume compares US and European CEOs to trace the evolution of executive compensation, its controversies and its resulting regulations. It shows that many features of current executive compensation practices reflect the, often-unintended, consequences of regulatory responses to perceived abuses in top-executive pay, which frequently stem from relatively isolated events or situations. Regulation creates unintended (and usually costly) side effects and it is often driven by political agendas rather than shareholder value. Improvements in executive compensation are more likely to come from stronger corporate governance, and not through direct government intervention. The volume also examines the effects of incentive schemes and the patterns of performance related pay both within and across countries. It documents a number of empirical regularities and discusses whether government should intervene to support the implementation of incentive pay schemes. It argues that it makes little sense to undertake reform without detailed simulations of the effect on the economy under alternative economic scenarios, based on sound analysis and extensive discussion with labour, management, and government decision-makers.
The Oxford Handbook Of Mutual Co Operative And Co Owned Business
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Author : Jonathan Michie
language : en
Publisher: Oxford University Press
Release Date : 2017-03-23
The Oxford Handbook Of Mutual Co Operative And Co Owned Business written by Jonathan Michie and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-23 with Business & Economics categories.
The Oxford Handbook of Mutuals and Co-Owned Business investigates all types of 'member owned' organizations, whether consumer co-operatives, agricultural and producer co-operatives, worker co-operatives, mutual building societies, friendly societies, credit unions, solidarity organizations, mutual insurance companies, or employee-owned companies. Such organizations can be owned by their consumers, the producers, or the employees - whether through single-stakeholder or multi-stakeholder ownership. This complex set of organizations is named differently across countries: from 'mutual' in the UK, to 'solidarity cooperatives' in Latin America. In some countries, such organizations are not even officially recognized and thus lack a specific denomination. For the sake of clarity, this Handbook will refer to member-owned organizations to encompass the variety of non-investor-owned organizations, and in the national case study chapters the terms used will be those most widely employed in that country. These alternative corporate forms have emerged in a variety of economic sectors in almost all advanced economies since the time of the industrial revolution and the development of capitalism, through the subsequent creation and dominance of the limited liability company. Until recently, these organizations were generally regarded as a rather marginal component of the economy. However, over the past few years, member-owned organizations have come to be seen in some countries, at least, as potentially attractive in light of their ability to tackle various economic and social concerns, and their relative resilience during the financial and economic crises of 2007-2013.
The Citizen S Share
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Author : Joseph R. Blasi
language : en
Publisher: Yale University Press
Release Date : 2013-11-26
The Citizen S Share written by Joseph R. Blasi and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-26 with Business & Economics categories.
In the largest study of profit-sharing and employee ownership in years, Joseph R. Blasi, Richard B. Freeman and Douglas L. Kruse investigated dozens of large- and medium-sized companies across all sectors of the United States' economy. The ten-year effort involved nearly 50,000 employees, and the findings were unequivocal: when rank-and-file employees - not just top executives - are given an ownership stake in their company, the result is better worker engagement, more loyalty, more innovation, and drastically lower turnover. The common notion that profit sharing creates a free rider mentality among workers proves totally unfounded. In The Citizen's Share, Blasi, Freeman and Kruse argue that the concept of employee ownership has deep roots extending back to the political and economic vision of America's founders. Thomas Jefferson, for example, conceived of the Louisiana Purchase as a path that would lead to widespread economic independence through individual land ownership. The authors discuss the founding generation's seminal ideas about personal economic independence, explain how we have strayed from those ideas, and propose practical solutions for bringing employment practices back in line with the nation's founding principles.
How Did Employee Ownership Firms Weather The Last Two Recessions
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Author : Fidan Ana Kurtulus
language : en
Publisher: W.E. Upjohn Institute
Release Date : 2017-01-15
How Did Employee Ownership Firms Weather The Last Two Recessions written by Fidan Ana Kurtulus and has been published by W.E. Upjohn Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-15 with Business & Economics categories.
Employee ownership firms offer workers the opportunity to own a stake in the firms where they work. This affords them the ability to share in profits and have a voice in firm-related decision-making. In this comprehensive new book, Kurtulus and Kruse provide new evidence on whether employee ownership firms are better equipped to survive recessions. In particular, they focus on broad-based employee ownership, which includes ownership at all levels in the firm’s hierarchy. The authors begin by defining what is meant by “employee ownership” and then discuss the prevalence of such firms in the United States. They also examine how employee ownership affects employment stability and why employee ownership firms have survived recessions more successfully than other firms. Kurtulus and Kruse conclude by saying that the benefits they observed in employee ownership firms, particularly the greater employment stability and survival rates, can help the overall economy. Therefore, increased government support to broaden employee ownership programs is merited.