3. Risk and Lack of Diversifi cation under Employee Ownership and Shared Capitalism

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments ix
4. Introduction 1
5. I. The Extent and Operation of Shared Capitalism
6. 1. Shared Capitalism in the U.S. Economy: Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises 41
7. 2. Worker Responses to Shirking under Shared Capitalism 77
8. 3. Risk and Lack of Diversifi cation under Employee Ownership and Shared Capitalism 105
9. II. Firm Performance
10. 4. Creating a Bigger Pie? The Effects of Employee Ownership, Profi t Sharing, and Stock Options on Workplace Performance 139
11. 5. Complementarity of Shared Compensation and Decision- Making Systems: Evidence from the American Labor Market 167
12. 6. How Does Shared Capitalism Affect Economic Performance in the United Kingdom? 201
13. 7. Who Has a Better Idea? Innovation, Shared Capitalism, and Human Resources Policies 225
14. III. Worker Well- Being
15. 8. Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profi t Sharing, and Broad- Based Stock Options 257
16. 9. Does Employee Ignorance Undermine Shared Capitalism? 291
17. 10. Who Benefits from Shared Capitalism? The Social Stratification of Wealth and Power in Companies with Employee Ownership 317
18. 11. Show Me the Money: Does Shared Capitalism Share the Wealth? 351
19. Epilogue (and Prologue) 377
20. Appendix A: Variable Defi nitions and Descriptive Statistics (All Chapters) 387
21. Appendix B: The Shared Capitalist Thermometer Index 403
22. Contributors 407
23. Author Index 409
24. Subject Index 415