Research on Employee Stock Ownership in Western Developed Countries

Author: Liang Aiyun
Publisher:
Publish Date: 2005-02-01
Features: This book provides a comprehensive analysis of the theory, practice, and economic performance of employee stock ownership in Western developed countries. It proposes the hypothesis of capital socialization driven by labor-capital conflicts as an explanation for the formation of employee stock ownership in Western developed enterprises, as well as the partial correlation argument between employee stock ownership and corporate economic performance. This book goes beyond the limitations of most existing research, which only examines the phenomenon of employee stock ownership in Western developed countries, and advances the study to the institutional level. It comprehensively analyzes the impact of employee stock ownership on the property rights system, management system, and distribution system of enterprises, defines the fundamental nature of employee stock ownership, and points out its institutional flaws. The research on employee stock ownership in Western developed countries in this book is always centered on labor-capital conflicts. This not only helps in analyzing the nature and formation reasons of employee stock ownership in Western developed countries but also further deepens the understanding of the essence and evolutionary trends of the capitalist corporate system.