Shared capitalism, social capital, and intra-organizational dynamics

PurposeThe purpose of this paper is to explore employee participation in ownership and control in a modern corporation and its impacts on intra-organizational social capital and workplace dynamics.Design/methodology/approachUsing the National Bureau of Economic Research Shared Capitalism Survey, it...

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Bibliographic Details
Published in:Journal of participation and employee ownership (Online) 2018-11, Vol.1 (2/3), p.144-161
Main Author: Lee, Sangjoon
Format: Article
Language:English
Subjects:
Capitalism
Decision making
Employee ownership
Employee stock ownership plans
ESOP
International finance
Participation
Profits
Social capital
Social structure
Stock exchanges
Stock options
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Summary:PurposeThe purpose of this paper is to explore employee participation in ownership and control in a modern corporation and its impacts on intra-organizational social capital and workplace dynamics.Design/methodology/approachUsing the National Bureau of Economic Research Shared Capitalism Survey, it explores the varieties of organizational governance and tests the effects of shared capitalist programs and policies via multivariate regression analyses.FindingsIt presents empirical support for the main working hypothesis that employee participation in ownership and control enhances worker trust for the firm, which in turn promotes commitment to performance and innovation at workplace.Practical implicationsThe empirical findings here imply that scaling worker participation can enhance productivity potentials of a firm.Originality/valueAbove all, this paper takes a look at shared capitalism and workplace participation in decision making through the lens of social capital.
ISSN:2514-7641
2514-765X
DOI:10.1108/JPEO-02-2018-0005