Correlates of Employee Satisfaction With Stock Ownership Who Likes an ESOP Most?

In this study, we examined the correlates of individual employee satisfaction with stock ownership in a sample of 37 employee stock ownership plan (ESOP) companies. The results indicated that ESOP satisfaction is a function of five factors: (a) characteristics of the company ESOP, (b) employee statu...

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Bibliographic Details
Published inJournal of applied psychology Vol. 73; no. 4; pp. 630 - 638
Main Authors Klein, Katherine J, Hall, Rosalie J
Format Journal Article
LanguageEnglish
Published Washington, DC American Psychological Association 01.11.1988
American Psychological Association, etc
Subjects
Biological and medical sciences
Employee Attitudes
Employee Benefits
Employee Characteristics
Fundamental and applied biological sciences. Psychology
Human
Motivation. Job satisfaction. Attitude
Occupational psychology
Psychology. Psychoanalysis. Psychiatry
Psychology. Psychophysiology
Human
Occupational environment
Project
Owner
Employee
Motivation
Job satisfaction
Professional status
Stock
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Summary:In this study, we examined the correlates of individual employee satisfaction with stock ownership in a sample of 37 employee stock ownership plan (ESOP) companies. The results indicated that ESOP satisfaction is a function of five factors: (a) characteristics of the company ESOP, (b) employee status within the ESOP, (c) employee values, (d) interactions between employee and ESOP characteristics, and (e) employees' general attitude toward the organization as a whole (organizational commitment). Together, these five factors accounted for 58% of the variance in ESOP satisfaction. The results both support and extend previous employee stock ownership research and theory.
ISSN:0021-9010
1939-1854
DOI:10.1037/0021-9010.73.4.630