Andrew Pendleton
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View article: Decisions to enrol in employee stock ownership plans: When experiences become a habit
Decisions to enrol in employee stock ownership plans: When experiences become a habit Open
Organisations in many countries operate employee stock purchase plans. Research has focused on employees’ current employee stock ownership (ESO) enrolment decision but, as plans are often ongoing forms of compensation, employees will likel…
View article: Employee ownership and attitudes: The role of selection effects
Employee ownership and attitudes: The role of selection effects Open
Studies of employee ownership (EO) have repeatedly cautioned that selection effects may be in part responsible for the apparent effects of EO on employee attitudes. Favourable attitudes among employee owners may result from individuals wit…
View article: Employee ownership trusts: an employee ownership success story
Employee ownership trusts: an employee ownership success story Open
Since its creation in 2014, the employee ownership trust (EOT) has become a widespread form of employee ownership in the UK, and has transformed the country’s employee ownership scene. Given that it is over a decade since its inception int…
View article: Employee ownership in the UK
Employee ownership in the UK Open
Purpose The paper traces the development of employee ownership in the UK since the 1980s. It proposes that employee ownership is a function of macro-level contexts and micro-level decisions, with the latter framed and guided by the former.…
View article: Employee behavior in employee stock option plans: Why do some employees acquire company stock?
Employee behavior in employee stock option plans: Why do some employees acquire company stock? Open
The article focuses on decisions to exercise and hold company stock at the maturity of a broad‐based employee stock options plan. It investigates why some participants choose an uncertain and risky future reward when an immediate and certa…
View article: Activist Hedge Funds and Takeovers: Their Effects on Employment and Performance
Activist Hedge Funds and Takeovers: Their Effects on Employment and Performance Open
This paper analyses the impact of activist hedge funds (AHFs) on post‐merger workforce downsizing and operating performance. AHFs have been widely criticized for achieving short‐term gains at the expense of other stakeholders, such as empl…
View article: The Effect of Mergers and Acquisitions on Employees: Wealth Transfer, Gain‐Sharing or Pain‐Sharing?
The Effect of Mergers and Acquisitions on Employees: Wealth Transfer, Gain‐Sharing or Pain‐Sharing? Open
This paper considers whether gains made by shareholders from corporate takeovers are achieved at the expense of employees, as proposed by the ‘wealth transfer’ perspective. It analyses the contribution of employee lay‐offs, along with empl…
View article: Back to the Shop Floor: Behavioural Insights from Workplace Sociology
Back to the Shop Floor: Behavioural Insights from Workplace Sociology Open
This article compares insights into decision-making and behaviour developed by Kahneman and Tversky in behavioural economics with the main findings from studies of pay incentives in workplace sociology in the middle decades of the 20th cen…
View article: Lack of diversification among employee stock owners: An empirical evaluation of behavioral explanations
Lack of diversification among employee stock owners: An empirical evaluation of behavioral explanations Open
The article considers the reasons for employees holding large proportions of their financial savings and investments in company stock, drawing on explanations proposed in the behavioral finance literature. Utilizing data from a survey of e…
View article: Employee Ownership in Britain Today
Employee Ownership in Britain Today Open
The chapter reviews the development of new forms of employee ownership in Britain since the 1980s. It compares trust-based and direct forms of ownership, as well as hybrids of the two, drawing attention to the perceived benefits of each. T…
View article: Employee share ownership and organisational performance: a tentative opening of the black box
Employee share ownership and organisational performance: a tentative opening of the black box Open
Purpose A range of studies have shown that performance is typically higher in organisations with employee share ownership (ESO) schemes in place. Many possible causal mechanisms explaining this relationship have been suggested. These inclu…
View article: Ownership and Pay in Britain
Ownership and Pay in Britain Open
Drawing on principal–agent perspectives on corporate governance, the article examines whether employees’ hourly pay is related to ownership dispersion. Using linked employee‐workplace data from the British Workplace Employment Relations Su…
View article: Net Neutrality| Narrowing the Gap: Gender and Mobilization in Net Neutrality Advocacy
Net Neutrality| Narrowing the Gap: Gender and Mobilization in Net Neutrality Advocacy Open
In 2015, the Federal Communications Commission moved to regulate the Internet under Title II of the Communications Act of 1934, handing net neutrality advocates a major victory. This followed years of impassioned advocacy by a wide range o…