Sharing Is Caring: Employee Stock Ownership Plans and Employee Satisfaction in US Manufacturing
研究比较了美国制造业中实施员工持股计划的企业与未实施企业的员工满意度，发现持股员工对整体工作及文化、工作生活平衡等具体方面更满意，且满意度随持股比例和集体谈判而提高。
Do employees fare better in firms they partly own? Examining workers’ reviews of their employers on Glassdoor, the authors compare employee satisfaction between firms in which workers own company shares through an employee stock ownership plan (ESOP) and conventional firms in which they do not. Focusing on establishments in US manufacturing, the authors find employees report greater satisfaction in firms with ESOPs overall and with specific job attributes such as culture and work–life balance. The satisfaction premium associated with an ESOP is greater when the ESOP is collectively bargained or employees own a larger stake of firm equity. Employee satisfaction thus differs by ownership arrangement.