The ESOP Association is partnered with the University of Pennsylvania’s Organizational Dynamics Graduate Studies
New Research by University of Pennsylvania Scholar, Steven F. Freeman, Discusses Effects of ESOP Adoption and Employee Ownership on US Businesses
The co-operative relationship between The ESOP Association and the University of Pennsylvania’s Organizational Dynamics Graduate Studies has led to an important new and “fresh” study of the effectiveness of ESOPs and employee ownership as uncovered in 30 years of scholarly research on the issue.
The study, “Effects of ESOP Adoption and Employee Ownership: Thirty Years of Research and Experience,” was authored by Dr. Stephen F. Freeman, Affiliated Faculty and Visiting Scholar in the Organizational Dynamics Graduate Studies School of Arts and Sciences at the University of Pennsylvania, was possible thanks to a generous, unrestricted donation to the University by ESOP Association member company, Alliance Holdings Inc of Willow Grove, PA. Alliance President, David B. Fenkell, made the donation to mark his 25th graduation anniversary from the University’s Wharton School. Alliance is also a significant donor to the Employee Ownership Foundation, which gives significant donations to the University of Pennsylvania’s Organizational Dynamics Graduate Studies.
“This study by Dr. Freeman is significant because he examines the research with an objective frame of reference, as his prior work was not in the employee ownership field, or with ESOPs,” noted Association President Michael Keeling. “Everyone wanting to silence the critics of ESOPs, and everyone wanting to expand the employee ownership universe in the 21st Century should download Dr. Freeman’s paper.”
To download the study, “Effects of ESOP Adoption and Employee Ownership: Thirty Years of Research and Experience,” please visit the University of Pennsylvania’s Library Digital Archive - http://repository.upenn.edu/od_working_papers/2/.