A case study of an ESOP-owned holding company: lessons learned and suggested research topics
PurposeThis case study presents an ESOP-owned holding company, Folience, describing the company’s history and holding company structure and strategy. The purpose is to highlight several advantages of the ESOP-owned holding company and concludes with lessons learned and suggestions for research.Desig...
Saved in:
Published in | Journal of participation and employee ownership (Online) Vol. 7; no. 3; pp. 229 - 240 |
---|---|
Main Author | |
Format | Journal Article |
Language | English |
Published |
Bingley
Emerald Group Publishing Limited
26.11.2024
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
Abstract | PurposeThis case study presents an ESOP-owned holding company, Folience, describing the company’s history and holding company structure and strategy. The purpose is to highlight several advantages of the ESOP-owned holding company and concludes with lessons learned and suggestions for research.Design/methodology/approachThe case study design is descriptive and relies on proprietary knowledge and observation, along with access to documents, discussions, meetings and other primary resources and interactions.FindingsThe case study highlights several advantages of the ESOP-owned holding company structure: diversification, greater access to capital, transformation of culture, sustainability and the path to convert businesses to employee ownership. It draws lessons from observations and concludes with suggestions for additional research.Research limitations/implicationsThis is a single holding company case study, heavily reliant on participant observation by the author.Practical implicationsThis case study describes an innovative ESOP holding company whose design may be replicable.Social implicationsThe social impact is that ESOP-owned holding companies are shown to be a path for transitioning companies to being employee-owned and creating economic and cultural gains in doing so. The literature suggests that creating more employee-owned companies, and more employee owners, could have positive social and financial benefits for employees, their families and their communities.Originality/valueThis case study describes an innovative ESOP holding company whose design may be replicable. The social impact is that ESOP-owned holding companies are shown to be a path for transitioning companies to being employee-owned and creating economic and cultural gains in doing so. The literature suggests that creating more employee-owned companies, and more employee owners, could have positive social and financial benefits for employees, their families and their communities. There has been little or no focus, by case study or research, specific to the differentiation of and advantages of ESOP-owned holding companies. |
---|---|
AbstractList | PurposeThis case study presents an ESOP-owned holding company, Folience, describing the company’s history and holding company structure and strategy. The purpose is to highlight several advantages of the ESOP-owned holding company and concludes with lessons learned and suggestions for research.Design/methodology/approachThe case study design is descriptive and relies on proprietary knowledge and observation, along with access to documents, discussions, meetings and other primary resources and interactions.FindingsThe case study highlights several advantages of the ESOP-owned holding company structure: diversification, greater access to capital, transformation of culture, sustainability and the path to convert businesses to employee ownership. It draws lessons from observations and concludes with suggestions for additional research.Research limitations/implicationsThis is a single holding company case study, heavily reliant on participant observation by the author.Practical implicationsThis case study describes an innovative ESOP holding company whose design may be replicable.Social implicationsThe social impact is that ESOP-owned holding companies are shown to be a path for transitioning companies to being employee-owned and creating economic and cultural gains in doing so. The literature suggests that creating more employee-owned companies, and more employee owners, could have positive social and financial benefits for employees, their families and their communities.Originality/valueThis case study describes an innovative ESOP holding company whose design may be replicable. The social impact is that ESOP-owned holding companies are shown to be a path for transitioning companies to being employee-owned and creating economic and cultural gains in doing so. The literature suggests that creating more employee-owned companies, and more employee owners, could have positive social and financial benefits for employees, their families and their communities. There has been little or no focus, by case study or research, specific to the differentiation of and advantages of ESOP-owned holding companies. |
Author | Goldstein, Daniel |
Author_xml | – sequence: 1 givenname: Daniel surname: Goldstein fullname: Goldstein, Daniel |
BookMark | eNo9TstKAzEUDVLBWvsB7gKuo_cm6SRxV0p9UZiCCi6Ekkky05aa1EkH6d87org6T-4952QQUwyEXCJcI4K-eVrOS4bIOHDBABBPyJBPUDJVTN4G_1ziGRnnvAUAbjjXHIbkfUqdzYHmQ-ePNNXURjp_LpcsfcXg6Trt_CY21KWPvY3HW7oLOaeYe7TtT8FGT3PXNCEfetWG3PtuTQ9pv3H5gpzWdpfD-A9H5PVu_jJ7YIvy_nE2XTCHiIJJXzjNpVJKSycKHtBUQRgeKi-gqLiyVfDOgnbcGF3V2kmunLEoJwBaoBiRq9-7-zZ9dv2U1TZ1bexfrvoUjVAohPgGnnRW_g |
ContentType | Journal Article |
Copyright | Emerald Publishing Limited. |
Copyright_xml | – notice: Emerald Publishing Limited. |
DOI | 10.1108/JPEO-11-2023-0011 |
DatabaseTitleList | |
DeliveryMethod | fulltext_linktorsrc |
Discipline | Economics |
EISSN | 2514-765X |
EndPage | 240 |
Genre | Report Case Study |
GeographicLocations | United States--US Iowa |
GeographicLocations_xml | – name: Iowa – name: United States--US |
GroupedDBID | 7WY 9F- AAGBP AAKOT AAMCF AAUDR AAXBI ABIJV ABSDC ABYQI ACGFS ACHMN ACTSA ADOMW ADQHX AFLPE AGTVX AJEBP ALMA_UNASSIGNED_HOLDINGS AODMV ASMFL AUCOK BENPR EBS GEI GMX GQ. H13 KLENG PQBIZ TDD Y9Z ZYZAG |
ID | FETCH-LOGICAL-c1113-4d6c82477784c362e19be392ebd306b27abedca08c2998bf8c427c9a145008313 |
IEDL.DBID | ZYZAG |
ISSN | 2514-7641 |
IngestDate | Sat Nov 23 06:41:50 EST 2024 |
IsPeerReviewed | true |
IsScholarly | true |
Issue | 3 |
Language | English |
LinkModel | DirectLink |
MergedId | FETCHMERGED-LOGICAL-c1113-4d6c82477784c362e19be392ebd306b27abedca08c2998bf8c427c9a145008313 |
PQID | 3131937133 |
PQPubID | 4882999 |
PageCount | 12 |
ParticipantIDs | proquest_journals_3131937133 |
PublicationCentury | 2000 |
PublicationDate | 20241126 |
PublicationDateYYYYMMDD | 2024-11-26 |
PublicationDate_xml | – month: 11 year: 2024 text: 20241126 day: 26 |
PublicationDecade | 2020 |
PublicationPlace | Bingley |
PublicationPlace_xml | – name: Bingley |
PublicationTitle | Journal of participation and employee ownership (Online) |
PublicationYear | 2024 |
Publisher | Emerald Group Publishing Limited |
Publisher_xml | – name: Emerald Group Publishing Limited |
SSID | ssj0002922820 |
Score | 2.326161 |
Snippet | PurposeThis case study presents an ESOP-owned holding company, Folience, describing the company’s history and holding company structure and strategy. The... |
SourceID | proquest |
SourceType | Aggregation Database |
StartPage | 229 |
SubjectTerms | Case studies Cash flow Diversification Employee ownership Employee stock ownership plans ESOP Leadership Manufacturing Private equity |
Title | A case study of an ESOP-owned holding company: lessons learned and suggested research topics |
URI | https://www.proquest.com/docview/3131937133 |
Volume | 7 |
hasFullText | 1 |
inHoldings | 1 |
isFullTextHit | |
isPrint | |
link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwrV1LT8JAEN4gHPTi2_hAswevC7TddltvxICERCFREiQmZF8FIxZiy8Vf7-y25aDGk-c2k3Y7nflmduf7ELqOBIuN_gnx_CAmVPOQhFL4REWG7ky4XDlmdvj-IeiNaH_sjytoUM7C2GOVeTvGxunXJDVFatMc3IYovCEcMOo1_WFnYMbCjAI4MdimaVrWzXn2vthCNcDaLXDz2uR50r7btF3cyIUiw3ReILFTwgLqFHudv1r8EaFt2unuoVX5wPlpk7fGOhMN-fmNy_Ef32gf7RYQFbdznzpAFZ0cou1ygjk9Qi9tLCH5YUtNi5cx5gnuPA6GBCp6rXCxoYVlHmpu8AKiKTg3tgoVcANPFE7Xs5ltteKCbmiOs-UKzB-jUbfzdNsjhUoDkUamnlAVyNCljLGQSkiH2omEBtSlhYJyRLiMC60kb4USMl8o4lBSl8mIO9S3MmfeCaomy0SfIsy4YTujgiuP0UBSHseca9lqxQD0wOYZqpdfY1r8aukULDiG1M_zzv--fIF2YF2pXd-gjqrZx1pfAqLIxFXhJV8sY8ec |
link.rule.ids | 314,780,784,21709,27924,27925 |
linkProvider | Emerald |
openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=A+case+study+of+an+ESOP-owned+holding+company%3A+lessons+learned+and+suggested+research+topics&rft.jtitle=Journal+of+participation+and+employee+ownership+%28Online%29&rft.au=Goldstein%2C+Daniel&rft.date=2024-11-26&rft.pub=Emerald+Group+Publishing+Limited&rft.issn=2514-7641&rft.eissn=2514-765X&rft.volume=7&rft.issue=3&rft.spage=229&rft.epage=240&rft_id=info:doi/10.1108%2FJPEO-11-2023-0011&rft.externalDBID=HAS_PDF_LINK |
thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=2514-7641&client=summon |
thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=2514-7641&client=summon |
thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=2514-7641&client=summon |