Employee Ownership, Attitudes, and Turnover: An Empirical Assessment

Abstract

Previous research on employee-owned organizations has been limited in time frame and in the outcomes examined, which have been primarily attitudinal measures. This study examined the effects of an employee ownership program on employee attitudes and actual turnover behavior over an extended time period. The results indicated that employees with greater perceived influence as a result of the ownership program and those with a greater financial value in the ownership program were more satisfied with the ESOP program, more committed to the organization, had lower turnover intention, and were less likely to exit the company.