1st Edition

Employee Ownership and Profit Sharing Models, Incidence, and Sectors

Edited By Joseph Blasi, Jonathan Michie Copyright 2026
338 Pages
by Routledge

338 Pages
by Routledge

This book explores a quiet revolution reshaping global capitalism: the rise of employee ownership, worker cooperatives, and profit-sharing enterprises. With 17% of US adult workers now holding equity in their companies, a new Employee Ownership Trust (EOT) being established daily in the UK, a mature sector thriving in France, extensive tax incentives in Canada, the continued development of... Read more

Introduction: The theory and practice of employee ownership

Joseph Blasi and Jonathan Michie

 

1. Meta economics: generating moral economies

Jonathan F. P. Rose

 

2. Continental ambivalence toward employee ownership: philosophical and historical interpretations

Christophe Sente and Christopher Mackin

 

3. Automation, artificial intelligence and capital concentration: A race for the machine

Jens Lowitzsch and Renan Magalhães

 

4. Defending and expanding industrial democracy and worker cooperatives in an age of neoliberal globalisation

Oier Imaz Alias, Johan Elvemo Ravn, Trond Sanne Haga and Davydd J. Greenwood

 

5. Employee ownership trusts: an employee ownership success story?

Andrew Pendleton and Andrew Robinson

 

6. A critical analysis of different forms of employee ownership

David Ellerman and Tej Gonza

 

7. Profit sharing in practice: its prevalence and influence on job satisfaction controlling for workplace amenities

Christos A. Makridis

 

8. The first study of majority employee-owned enterprises in the U.S.: an historical retrospective analysis

Erik K. Olsen

 

9. Explaining the rarity gap of worker cooperatives between France and Italy

Thibault Mirabel and Marco Lomuscio

 

10. Development of employee financial participation schemes in EU member states and their impact on firm performance: new evidence using European Company Surveys

Alban Hashani, Iraj Hashi, Wenzel Matiaske, Axel Czaya and Jens Lowitzsch

 

11. Where employee ownership works best

Colin Birkhead, Noah Gibson and Mark C. Hand

 

12. Employee Stock Ownership Plans (ESOPs) as social enterprise

Daphne Berry

 

13. Employee ownership for union workers: positive outcomes and negative perceptions

William Foley, Adrienne Eaton, Douglas Kruse, Joseph Blasi and Lisa Schur

 

14. Ecosystem supports for incarcerated worker co-ops

Jessica Gordon-Nembhard and Esther West

 

15. How do platform co-ops work? Social empowerment challenges from the implementation of CoopCycle in Argentina

Denise Kasparian

 

16. Cash profit sharing and labour productivity in family firms: Exploring the effects of R&D and capital intensities

Frank Mullins and Esra Memili

 

 

Biography

Joseph Blasi is the J. Robert Beyster Distinguished Professor and Director of the Institute for the Study of Employee Ownership and Profit Sharing at the School of Management and Labor Relations at Rutgers University. He is an economic sociologist, and his work includes economic sociology, social and economic history, and public policy, particularly focused on the issue of capital shares, profit sharing, gain sharing, and stock options in corporations, across countries, industries, and regions.

Jonathan Michie is Professor of Innovation and Knowledge Exchange and a Pro-Vice-Chancellor at the University of Oxford, where he is also President of Kellogg College. He is the Director of the Centre on Mutual & Co-owned Business, a Fellow of the Academy of Social Sciences, and was awarded an OBE for his services to education and lifelong learning. He is the Managing Editor of the International Review of Applied Economics, and Chair of the Universities Association for Lifelong Learning.