Employee ownership and employee - Shareholders satisfaction: An analysis of French companies listed on the SBF 250

Abstract

Our paper examines employees’ ownership as a mechanism that stimulates employee-shareholders’ efforts and encourages them to adopt positive working behavior. Nevertheless, the expected effects of employees’ ownership are not direct and need the inclusion of mediating variables. Our study proposes, then, to investigate the impact of employee ownership on organizational attitudes, analyzing, in particular, the influence of incentives. To this end, we conducted a questionnaire-based survey of employees of French companies listed on the SBF 250. Using structural equations modeling, we were able to conclude to the importance of the considered mediating variables.