The fit of employee ownership with other human resource management practices: Theoretical and empirical suggestions regarding the existence of an ownership high-performance work system

Economic and Industrial Democracy

Volumn 27, Issue 4, 2006, Pages 669-685

  Kaarsemaker, Eric C A ^a   Poutsma, Erik ^b  

^a UNIVERSITY OF YORK   (United Kingdom)

^b RADBOUD UNIVERSITY NIJMEGEN   (Netherlands)

Author keywords

Employee ownership; High performance work systems; Human resource management; Organizational effectiveness; Strategic human resource management

Indexed keywords

EID: 33749858123     PISSN: 0143831X     EISSN: 14617099     Source Type: Journal    
DOI: 10.1177/0143831X06069009     Document Type: Article

References (70)

1. Addison, J. T. and C. R. Belfield (2000) 'The Impact of Financial Participation and Employee Involvement on Financial Performance: A Re-Estimation Using the 1998 WERS', Scottish Journal of Political Economy 47 (5). 571-583.
2. Appelbaum, E., T. Bailey, P. Berg and A. L. Kalleberg (2000) Manufacturing Advantage: Why High-Performance Work Systems Pay Off. Ithaca, NY and London: ILR/Cornell University Press.
3. Arthur, J. B. (1992) 'The Link between Business Strategy and Industrial Relations Systems in American Steel Minimills', Industrial and Labor Relations Review 45 (3). 488-506.
4. Arthur, J. B. (1994) 'Effects of Human Resource Systems on Manufacturing Performance and Turnover', Academy of Management Journal 37 (3). 670-687.
5. Bae, J. and G.-C. Yu (2005) 'HRM Configurations in Korean Venture Firms: Resource Availability, Institutional Force and Strategic Choice Perspectives', International Journal of Human Resource Management 16 (9). 1759-1782.
6. Baird, L. and I. Meshoulam (1988) 'Managing Two Fits of Strategic Human Resource Management', Academy of Management Review 13 (1). 116-128.
7. Barney, J. B. (1991) 'Firm Resources and Sustained Competitive Advantage', Journal of Management 17 (1). 99-120.
8. Becker, B. and B. Gerhart (1996) 'The Impact of Human Resource Management on Organizational Performance: Progress and Prospects', Academy of Management Journal 39 (4). 779-801.
9. Becker, B. E. and M. A. Huselid (1998) 'High Performance Work Systems and Firm Performance: A Synthesis of Research and Managerial Implications', pp. 53-101 in G. R. Ferris (ed.) Research in Personnel and Human Resources Management, Vol. 16. Amsterdam: JAI Press.
10. Becker, B. E., M. A. Huselid, P. S. Pickus and M. F. Spratt (1997) 'HR as a Source of Shareholder Value: Research and Recommendations', Human Resource Management 36 (1). 39-47.
11. Becker, B. E., M. A. Huselid and D. Ulrich (2001) The HR Scorecard: Linking People, Strategy, and Performance. Boston, MA: Harvard Business School Press.
12. Ben-Ner, A. and D. C. Jones (1995) 'Employee Participation, Ownership, and Productivity: A Theoretical Framework', Industrial Relations 34 (4). 532-554.
13. Bernstein, P. (1976) Workplace Democratization: Its Internal Dynamics. Kent, OH: Kent State University Press.
14. Bowen, D. E. and C. Ostroff (2004) 'Understanding HRM-Firm Performance Linkages: The Role of the "Strength" of the HRM System', Academy of Management Review 29 (2). 203-221.
15. Boxall, P. and J. Purcell (2003) Strategy and Human Resource Management. Basing-stoke: Palgrave Macmillan.
16. Brown, S., F. Fakhfakh and J. G. Sessions (1999) 'Absenteeism and Employee Sharing: An Empirical Analysis Based on French Panel Data, 1981-1991', Industrial and Labor Relations Review 52 (2). 234-251.
17. Cable, J. R. and F. R. FitzRoy (1980) 'Productive Efficiency, Incentives, and Employee Participation: Some Preliminary Results for West-Germany', Kyklos 33 (1). 100-121.
18. Cappelli, P. and D. Neumark (2001) 'Do "High-Performance" Work Practices Improve Establishment-Level Outcomes?', Industrial and Labor Relations Review 54 (4). 737-775.
19. Colbert, B. A. (2004) 'The Complex Resource-Based View: Implications for Theory and Practice in Strategic Human Resource Management', Academy of Management Review 29 (3). 341-358.
20. Conte, M. A. and J. Svejnar (1990) 'The Performance Effects of Employee Ownership Plans', pp. 143-172 in A. S. Blinder (ed.) Paying for Productivity: A Look at the Evidence. Washington, DC: The Brookings Institution.
21. Conyon, M. J. and R. B. Freeman (2001) 'Shared Modes of Compensation and Firm Performance: UK Evidence', NBER Working Paper, No. 8448.
22. Craig, B. and J. Pencavel (1995) 'Participation and Productivity: A Comparison of Worker Cooperatives and Conventional Firms in the Plywood Industry', Brookings Papers on Economic Activity (Special Issue on Microeconomics): 121-174.
23. Culpepper, R. A., J. E. Gamble and M. G. Blubaugh (2004) 'Employee Stock Ownership Plans and Three-Component Commitment', Journal of Occupational and Organizational Psychology 77: 155-170.
24. Cutcher-Gershenfeld, J. (1991) 'The Impact on Economic Performance of a Transformation in Workplace Relations', Industrial and Labor Relations Review 44 (2). 241-260.
25. Delery, J. E. (1998) 'Issues of Fit in Strategic Human Resource Management: Implications for Research', Human Resource Management Review 8 (3). 289-309.
26. Delery, J. E. and D. H. Doty (1996) 'Modes of Theorizing in Strategic Human Resource Management: Tests of Universalistic, Contingency and Configurational Performance Predictions', Academy of Management Journal 39 (4). 802-835.
27. Delery, J. E. and J. D. Shaw (2001) 'The Strategic Management of People in Work Organizations: Review, Synthesis, and Extension', pp. 165-197 in G. R. Ferris (ed.) Research in Personnel and Human Resources Management, Vol. 20. Amsterdam: JAI Press.
28. Doucouliagos, C. (1995) 'Worker Participation and Productivity in Labor-Managed and Participatory Capitalist Firms: A Meta-Analysis', Industrial and Labor Relations Review 49 (1). 58-77.
29. Fiol, C. M. (2001) 'Revisiting an Identity-Based View of Sustainable Competitive Advantage', Journal of Management 27: 691-699.
30. Freeman, R., D. Kruse and J. Blasi (2004) 'Monitoring Colleagues at Work and Free Rider Problem: Profit Sharing, Employee Ownership, Broad-Based Stock Options and Workplace Performance in the United States', paper presented at the 2004 Association for Comparative Economic Studies conference, San Diego, CA.
31. French, J. L. and J. Rosenstein (1984) 'Employee Ownership, Work Attitudes, and Power Relationships', Academy of Management Journal 27 (4). 861-869.
32. Furubotn, E. G. and R. Richter (1998) Economic Institutions and Economic Theory: The Contribution of the New Institutional Economics. Ann Arbor, MI: University of Michigan Press.
33. Gamble, J. E., R. Culpepper and M. G. Blubaugh (2002) 'ESOPs and Employee Attitudes: The Importance of Empowerment and Financial Value', Personnel Review 31 (1-2). 9-26.
34. Godard, J. (2004) 'A Critical Assessment of the High-Performance Paradigm', British Journal of Industrial Relations 42 (2). 349-378.
35. Gratton, L. and S. Ghoshal (2005) 'Beyond Best Practice', MIT Sloan Management Review 46 (3). 49-57.
36. Guthrie, J. P. (2001) 'High-Involvement Work Practices, Turnover, and Productivity: Evidence from New Zealand', Academy of Management Journal 44 (1). 180-190.
37. Huselid, M. A. (1995) 'The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance', Academy of Management Journal 38 (3). 635-672.
38. Ichniowski, C., K. Shaw and G. Prennushi (1997) 'The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines', American Economic Review 87 (3). 291-313.
39. Jones, D. C. and J. Svejnar (1985) 'Participation, Profit Sharing, Worker Ownership and Efficiency in Italian Producer Cooperatives', Economica 52 (208). 449-465.
40. Kalmi, P. (2002) 'On the (In)Stability of Employee Ownership: Estonian Evidence and Lessons for Transition Economies', dissertation, Copenhagen Business School, Copenhagen.
41. Kato, T. and M. Morishima (2002) 'The Productivity Effects of Participatory Employment Practices: Evidence from New Japanese Panel Data', Industrial Relations 41 (4). 487-520.
42. Klein, K. J. (1987) 'Employee Stock Ownership and Employee Attitudes: A Test of Three Models', Journal of Applied Psychology 72 (2). 319-332.
43. Klein, K. J. and R. J. Hall (1988) 'Correlates of Employee Satisfaction with Stock Ownership: Who Likes an ESOP Most?', Journal of Applied Psychology 73 (4). 630-638.
44. Kruse, D. (2002) 'Research Evidence on the Prevalence and Effects of Employee Ownership', Journal of Employee Ownership Law and Finance 14 (4). 65-90.
45. Kruse, D. and J. Blasi (1995) 'Employee Ownership, Employee Attitudes, and Firm Performance', NBER Working Paper, No. 5277.
46. Kruse, D., R. Freeman, J. Blasi, R. Buchele, A. Scharf, L. Rodgers and C. Mackin (2004) 'Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance', pp. 101-127 in V. Perotin and A. Robinson (eds) Employee Participation, Firm Performance and Survival, Vol. 8. Amsterdam: JAI Press.
47. Lepak, D. P. and S. A. Snell (1999) 'The Human Resource Architecture: Toward a Theory of Human Capital Allocation and Development', Academy of Management Review 24 (1). 31-48.
48. Long, R. J. (1982) 'Worker Ownership and Job Attitudes: A Field Study', Industrial Relations 21 (2). 196-215.
49. MacDuffie, J. P. (1995) 'Human Resource Bundles and Manufacturing Performance: Organizational Logic and Flexible Production Systems in the World Auto Industry', Industrial and Labor Relations Review 48: 197-221.
50. McGregor, D. (1985) The Human Side of Enterprise, 25th anniversary edn. New York: McGraw-Hill.
51. McHugh, P. P., J. Cutcher-Gershenfeld and D. L. Bridge (2005) 'Examining Structure and Process in ESOP Firms', Personnel Review 34 (3). 277-293.
52. McNabb, R. and K. Whitfield (1998) 'The Impact of Financial Participation and Employee Involvement in Financial Performance', Scottish Journal of Political Economy 45 (2). 171-187.
53. Osterman, P. (1994) 'How Common is Workplace Transformation and Who Adopts it?', Industrial and Labor Relations Review 47 (2). 173-188.
54. Putterman, L. (1996) 'Ownership and the Nature of the Firm', pp. 361-369 in L. Putterman and R. S. Kroszner (eds) The Economic Nature of the Firm: A Reader, 2nd edn. Cambridge: Cambridge University Press.
55. Quarrey, M. and C. Rosen (1986) Employee Ownership and Corporate Performance. Oakland, CA: National Center for Employee Ownership.
56. Raschle Grand, M.B. (2004) 'Antecedents and Consequences of All-Employee Equity-Based Pay in Germany', dissertation, Universitat St Gallen.
57. Robinson, A. and N. Wilson (2006) 'Employee Financial Participation and Productivity: An Empirical Reappraisal', British Journal of Industrial Relations 44 (1). 31-50.
58. Rosen, C. M., K. J. Klein and K. M. Young (1986) Employee Ownership in America: The Equity Solution. Lexington, MA: Lexington Books.
59. Rousseau, D. M. (1995) Psychological Contracts in Organizations: Understanding Written and Unwritten Agreements. Thousand Oaks, CA, London and New Delhi: Sage.
60. Rousseau, D. M. and Z. Shperling (2003) 'Pieces of the Action: Ownership and the Changing Employment Relation', Academy of Management Review 28 (4). 553-570.
61. Schuler, R. S. (1992) 'Strategic Human Resources Management: Linking the People with the Strategic Needs of the Business', Organizational Dynamics 21 (1). 18-32.
62. Sesil, J. C., D. L. Kruse and J. R. Blasi (2001) 'Sharing Ownership via Employee Stock Ownership', UNU/WIDER Discussion Paper, No. 2001/25.
63. Shperling, Z. and D. M. Rousseau (2001) 'When Employers Share Ownership with Workers', pp. 19-44 in C. L. Cooper and D. M. Rousseau (eds) Trends in Organizational Behavior, Vol. 8. New York: Wiley.
64. Truss, C. (2001) 'Complexities and Controversies in Linking HRM with Organizational Outcomes', Journal of Management Studies 38 (8). 1121-1149.
65. US General Accounting Office (1987) Employee Stock Ownership Plans: Little Evidence of Effects on Corporate Performance, Office Report to the Chairman, Committee on Finance, US Senate No. GAO/PEMD-88-1. Washington, DC: General Accounting Office.
66. Walton, R. E. (1985) 'From Control to Commitment in the Workplace', Harvard Business Review 63 (2). 77-84.
67. Wilson, N. and M. Peel (1990) 'The Impact of Profit-Sharing, Worker Participation, and Share Ownership on Absenteeism and Quits: Some UK Evidence', pp. 205-232 in G. Jenkins and M. Poole (eds) New Forms of Ownership: Management and Employment. London and New York: Routledge.
68. Wood, S. (1999) 'Human Resource Management and Performance', International Journal of Management Reviews 1 (4). 367-413.
69. Youndt, M. A., S. A. Snell, J. W. Dean Jr and D. P. Lepak (1996) 'Human Resource Management, Manufacturing Strategy, and Firm Performance', Academy of Management Journal 39 (4). 836-866.
70. Young, K. M. (1991) 'Theory O: The Ownership Theory of Management', pp. 108-135 in C. Rosen and K. M. Young (eds) Understanding Employee Ownership. Ithaca, NY: ILR Press.