All Outputs (8)

Lack of Diversification Among Employee Stock Owners: An Empirical Evaluation of Behavioral Explanations (2018)
Journal Article
Pendleton, A., & Robinson, A. (2018). Lack of Diversification Among Employee Stock Owners: An Empirical Evaluation of Behavioral Explanations. Human Resource Management, 57(7), 1175-1187. https://doi.org/10.1002/hrm.21892

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 employees pa... Read More about Lack of Diversification Among Employee Stock Owners: An Empirical Evaluation of Behavioral Explanations.

Employee Share Ownership and Organisational Performance: A Tentative Opening of the Black Box (2017)
Journal Article
Whitfield, K., Pendleton, A., Sengupta, S., & Huxley, K. (2017). Employee Share Ownership and Organisational Performance: A Tentative Opening of the Black Box. Personnel Review, 46(7), 1280-1296. https://doi.org/10.1108/pr-09-2016-0243

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 include a reduct... Read More about Employee Share Ownership and Organisational Performance: A Tentative Opening of the Black Box.

Ownership and pay in Britain (2017)
Journal Article
Pendleton, A., Bryson, A., & Gospel, H. (2017). Ownership and pay in Britain. British Journal of Industrial Relations, 55(4), 688-715. https://doi.org/10.1111/bjir.12241

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 Survey 2011,... Read More about Ownership and pay in Britain.

Employee ownership in Britain Today (2017)
Book Chapter
Pendleton, A., & Robinson, A. (2017). Employee ownership in Britain Today. In J. Michie, J. Blasi, & C. Borzaga (Eds.), The Oxford handbook of mutual and co-owned business. Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199684977.013.30

The productivity effects of multiple pay incentives (2016)
Journal Article
Pendleton, A., & Robinson, A. (2017). The productivity effects of multiple pay incentives. Economic and Industrial Democracy, 38(4), 588-608. https://doi.org/10.1177/0143831x15583099

Drawing on recent incentive theory and the growing use of multiple incentives by firms, this article examines the effects of combining incentives on workplace labour productivity. Utilizing data from the British Workplace Employment Relations Survey,... Read More about The productivity effects of multiple pay incentives.

The Employment Effects of Takeovers (2016)
Book Chapter
Pendleton, A. (2016). The Employment Effects of Takeovers. In J. Cremers, & S. Vitols (Eds.), Takeovers with or without worker voice : workers’ rights under the EU Takeover Bids Directive (71-85). European Trade Union Institute

Do investments in human capital lead to employee share ownership? Evidence from French establishments (2014)
Journal Article
Guery, L., & Pendleton, A. (2016). Do investments in human capital lead to employee share ownership? Evidence from French establishments. Economic and Industrial Democracy, 37(3), 567-591. https://doi.org/10.1177/0143831x14551999

Investments in human capital can create a hold-up problem whereby both employers and employees exploit the bargaining weaknesses of the other. Employee share ownership (ESO) can mitigate this hold-up problem because it can align interests, develop lo... Read More about Do investments in human capital lead to employee share ownership? Evidence from French establishments.

Financialization, new investment funds, and weakened labour: the case of the UK (2014)
Book Chapter
Pendleton, A., & Gospel, H. (2014). Financialization, new investment funds, and weakened labour: the case of the UK. In H. Gospel, A. Pendleton, & S. Vitols (Eds.), Financialization, new investment funds, and labour : an international comparison (86-114). Oxford University Press. https://doi.org/10.1093/acprof%3Aoso/9780199653584.003.0003

The chapter shows that the UK has the highest levels of PE, HF, and SWF activity in Europe. This is explained primarily by the permissive nature of UK financial and securities regulation and, to a lesser extent, of labour regulation. Fund activity gr... Read More about Financialization, new investment funds, and weakened labour: the case of the UK.