The employee share ownership participation decision: An integrative review and agenda for future research

Broad-based employee share ownership (ESO) plans are a widely used form of employee compensation. Past reviews have focused on employee attitudes and organizational performance, offering limited insight into why employees participate or the duration of their participation. Further, ESO is rarely considered as a dynamic phenomenon despite most plans being a continuing form of employee compensation. These omissions impede theoretical developments and advice to practitioners. In a review of 48 publications, across multiple disciplines, we propose an integrative framework that identifies the antecedents and mechanisms of three interrelated ESO participation decisions (i.e., buy, contributions, and holdings) within the context of employee stock purchase (and similar) plans. Building on this integrative framework, we propose an agenda for future research that we believe to be most promising for theory development and practice: the temporal dynamics of ESO participation, the influence of contextual (i.e., organizational-level) factors, and methodological innovations.

Authors

Institutions

Publication Details

Journal
Human Resource Management Review
Published
2026-08-25
DOI
https://doi.org/10.1016/j.hrmr.2026.101171
Primary Topic
Corporate Finance and Governance
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The employee share ownership participation decision: An integrative review and agenda for future research

Andrew Pendleton, Simon A. Tarantelli, Michelle Brown
Human Resource Management Review
Corporate Finance and Governance
article

The employee share ownership participation decision: An integrative review and agenda for future research

Andrew Pendleton, Simon A. Tarantelli, Michelle Brown
article en

Abstract

Broad-based employee share ownership (ESO) plans are a widely used form of employee compensation. Past reviews have focused on employee attitudes and organizational performance, offering limited insight into why employees participate or the duration of their participation. Further, ESO is rarely considered as a dynamic phenomenon despite most plans being a continuing form of employee compensation. These omissions impede theoretical developments and advice to practitioners. In a review of 48 publications, across multiple disciplines, we propose an integrative framework that identifies the antecedents and mechanisms of three interrelated ESO participation decisions (i.e., buy, contributions, and holdings) within the context of employee stock purchase (and similar) plans. Building on this integrative framework, we propose an agenda for future research that we believe to be most promising for theory development and practice: the temporal dynamics of ESO participation, the influence of contextual (i.e., organizational-level) factors, and methodological innovations.

Human Resource Management ReviewVol. 36(4)
Institute on Governance (CA), The University of Melbourne (AU)
Openalex Percentile: Top 4%
Corporate Finance and Governance
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.