The impact of employee share ownership on the performance of French companies in the SBF 120 index during the crisis period

Abstract

This paper is primarily devoted to the further development of these new findings in management research. The aim is to empirically test the potential contribution of employee ownership to performance in French listed companies in the SBF 120 index. With this in mind, a review of the management literature will allow us to develop hypotheses about the possible causal effects of the presence of employee stock ownership on firm performance, especially in times of crisis. These hypotheses are then tested on a sample of 120 firms over a three-year period. As the results confirm the positive impact of employee ownership on firm performance, we recommend further   research   on   companies   included   in   indices   other   than   the   one   we   studied.