Shared Capitalism and Corporate Sustainability: Broad-Based Employee Share Ownership, CEO Ownership, and Corporate Environmental Performance

• Published in: Business & society Vol. 64; no. 1; pp. 163 - 208
• Main Authors: Lee, Jegoo, Kruse, Douglas L., Blasi, Joseph R.
• Format: Journal Article
• Language: English
• Published: Los Angeles, CA SAGE Publications 01.01.2025; SAGE PUBLICATIONS, INC
• Subjects: Capitalism; Companies; Employees; Governance; Labor unions; Ownership; Social exchange theory; shared capitalism; employee as owner; employee share ownership; corporate environmental performance

This research proposes that broad-based employee share ownership (ESO) affects corporate environmental performance (CEP). Drawing upon corporate governance literature, social exchange theory, and stakeholder utility theory, we propose that employees as owners adopt more favorable attitudes toward be...