Published November 5, 2026 | Version 1.0
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Owning the Work: Employee Ownership, Profit Sharing and What the Evidence Shows

Authors/Creators

  • 1. Luminous Prosperity Inc.

Description

An owner at a desk with last year's accounts, a worker holding units he cannot value, a leader told that ownership culture is the answer: this book is for all three. Where the idea came from, what the best evidence says, where it goes wrong, and how a firm or a household can begin. Employee ownership, profit sharing and what the evidence shows: thirteen chapters, a tool in each, and a workbook.

Ecstatic Economics. A book in 14 chapters by Ammanuel Santa Anna (Luminous Prosperity Inc., 2026). Each chapter is also deposited on its own, with its own DOI, and linked to this record.

Read it at https://business.hautelumiere.life/library/owning-the-work/ (this record's page, with the PDF) and the whole book at https://business.hautelumiere.life/library/owning-the-work, in the Business Library of business.hautelumiere.life.

Part of the Luminous Library, held as a public trust: free to read, for everyone, for ever, under the Luminous Library Licence 1.0 (https://hautelumiere.life/library-licence). Every right is reserved to the Author.

The book's page: https://business.hautelumiere.life/library/owning-the-work. A gainshare begins with one conversation: https://business.hautelumiere.life/book/?kind=gainshare. The house: hautelumiere.life.

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References

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  • Kruse, D. L., Freeman, R. B., & Blasi, J. R. (Eds.). (2010). Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. University of Chicago Press. https://doi.org/10.7208/chicago/9780226056968.001.0001
  • Blasi, J., & Kruse, D. (2017). An American historical perspective on employee ownership. In The Oxford Handbook of Mutual, Co-Operative, and Co-Owned Business. Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199684977.013.8
  • Freeman, R. B., Kruse, D. L., & Blasi, J. R. (2008). Worker Responses to Shirking under Shared Capitalism (NBER Working Paper 14227). https://doi.org/10.3386/w14227
  • Kruse, D. L., Freeman, R. B., & Blasi, J. R. (2008). Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profit Sharing, and Broad-based Stock Options (NBER Working Paper 14233). https://doi.org/10.3386/w14233
  • Kruse, D. L., & Blasi, J. R. (1995). Employee Ownership, Employee Attitudes, and Firm Performance (NBER Working Paper 5277). https://doi.org/10.3386/w5277
  • Pendleton, A., & Robinson, A. (2010). Employee stock ownership, involvement, and productivity: An interaction-based approach. ILR Review, 64(1), 3–29. https://doi.org/10.1177/001979391006400101
  • Blair, M. M., Kruse, D. L., & Blasi, J. R. (2000). Employee Ownership: An Unstable Form or a Stabilizing Force? SSRN. https://doi.org/10.2139/ssrn.142146
  • Errasti, A., Bretos, I., & Nunez, A. (2017). The viability of cooperatives: The fall of the Mondragon cooperative Fagor. Review of Radical Political Economics, 49(2), 181–197. https://doi.org/10.1177/0486613416666533
  • Errasti, A., Bretos, I., & Etxezarreta, E. (2016). What do Mondragon coopitalist multinationals look like? The rise and fall of Fagor Electrodomésticos S. Coop. and its European subsidiaries. Annals of Public and Cooperative Economics, 87(3), 433–456. https://doi.org/10.1111/apce.12137
  • Kim, E. H., & Ouimet, P. (2014). Broad-based employee stock ownership: Motives and outcomes. The Journal of Finance, 69(3), 1273–1319. https://doi.org/10.1111/jofi.12150
  • Kurtulus, F. A., & Kruse, D. L. (2017). How Did Employee Ownership Firms Weather the Last Two Recessions? Employee Ownership, Employment Stability, and Firm Survival: 1999–2011. W. E. Upjohn Institute for Employment Research. https://doi.org/10.17848/9780880995276
  • Kruse, D. L. (1991). Profit-sharing and employment variability: Microeconomic evidence on the Weitzman theory. ILR Review, 44(3), 437–453. https://doi.org/10.1177/001979399104400303
  • Kruse, D. L. (1993). Does Profit Sharing Affect Productivity? (NBER Working Paper 4542). https://doi.org/10.3386/w4542
  • Doucouliagos, C. (1995). Worker participation and productivity in labor-managed and participatory capitalist firms: A meta-analysis. ILR Review, 49(1), 58–77. https://doi.org/10.1177/001979399504900104
  • O'Boyle, E. H., Patel, P. C., & Gonzalez-Mulé, E. (2016). Employee ownership and firm performance: A meta-analysis. Human Resource Management Journal, 26(4), 425–448. https://doi.org/10.1111/1748-8583.12115
  • Kurtulus, F. A., & Kruse, D. L. (2017). How Did Employee Ownership Firms Weather the Last Two Recessions? W. E. Upjohn Institute. https://doi.org/10.17848/9780880995276