ESOPs and employee attitudes

John E. Gamble · Robert A. Culpepper · Meg G. Blubaugh

50 citations0/0 files storedPersonnel Review

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Cooperative Studies and Economics Labor Movements and Unions Job Satisfaction and Organizational Behavior

Abstract

This paper examines how management approaches to employee stock ownership plan (ESOP) implementation affects such employee work‐related attitudes as job satisfaction, ESOP satisfaction, and job involvement. Structural‐equation modeling assesses the responses of 321 airline pilots who were employed by one of three major US‐based airlines. The results indicated positive linkages between the instrumentally and extrinsically satisfying aspects of employee ownership and ESOP satisfaction, job satisfaction, and job involvement.

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1988Structural equation modeling in practice: A review and recommended two-step approach.1980Significance tests and goodness of fit in the analysis of covariance structures.1989Structural Equations with Latent Variables 1991Structural Equations with Latent Variables.1986Self-Reports in Organizational Research: Problems and Prospects 1990PSYCHOLOGICAL CONDITIONS OF PERSONAL ENGAGEMENT AND DISENGAGEMENT AT WORK.1976The nature and causes of job satisfaction

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