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Third Annual
Rutgers–Oxford Employee Ownership Research Conference

August 28-29, 2025

Kellogg College, 60-62 Banbury Road, Oxford University

Welcome Dinner, 7 p.m. Thursday, August 28, 2025
Dining Hall Kellogg College, 60-62 Banbury Road

Overview

The purpose of this conference is to assemble an interdisciplinary collection of global scholars and practitioners to present new theoretical and empirical writing and research on employee share ownership and profit sharing, and to encourage ongoing academic discussions and collaboration. 

Co-Hosts:

Jonathan Michie
President, Kellogg College and
Senior Fellow, Institute for the Study of Employee Ownership and Profit Sharing, Rutgers University

Joseph Blasi
Professor, Institute for the Study of Employee Ownership and Profit Sharing, Rutgers University
and Visiting Fellow, Kellogg College

 

Introduction and Moderator:

Bill Castellano
Director, Institute for Employee Ownership and Profit Sharing
Rutgers University

Christopher Mackin
Abby Rockefeller Fellow and Ray Carey Fellow
Institute for the Study of Employee Ownership and Profit Sharing
Rutgers University

 

Symposium Agenda

> View the symposium agenda as a PDF

Thursday Evening – August 28, 2025
6:00pm
7:00 PM
Pre-dinner Drinks Reception

and presentation of the Nigel Mason Award
The Hub Café at Kellogg College 60-62 Banbury Road 

Welcome Dinner

Dining Hall Kellogg College, 60-62 Banbury Road 

Friday, August 29, 2025
7:00 AM -
7:45 AM
Breakfast

Dining Hall Kellogg College, 60-62 Banbury Road
Symposium Location: Seminar Room, Kellogg College

Main Reception Entrance of Kellogg College -
Oxford University, Kellogg College, 60-62 Banbury Road

Six one-hour sessions, 30 minutes of presentation / 30 minutes of discussion
Moderator: Christopher Mackin, Senior Fellow, Rutgers Institute
8:00 AM
Welcome

Jonathan Michie, Kellogg College, Oxford University 

Joseph Blasi, Rutgers University School of Management and Labor Relations 

Bill Castellano, Director, Rutgers Institute for Employee Ownership and Profit Sharing 
8:15 AM -
9:30 AM
Session 1 – Underlying Assumptions 

Paper 1:
Bo Rothstein – Employee Ownership of Firms, the Market Economy and Social Trust 

Paper 2:
Tony Guidotti & Nien-he Hsieh – Worker Ownership as an Institutional Structure for Economic Dignity 

Paper 3:
Timothee Duverger – Economic Democracy: The Social History of an Idea

Paper 4:
David Ellerman – Democratic Firms: Theory, Problems and the European ESOP Model 

Lead Respondent: Christopher Mackin 
9:30 AM -
10:45 AM
Session 2 – Alternative Models

Paper 5: 
Niels Mygind – What Drives Different Stakeholders toward Different Types of Employee Ownership? 

Paper 6:
Thibault Mirabel – The Language Games of Employee Share Ownership in France: Toward an Operational Framework for Research and Practice 

Paper 7:
Andrew Pendleton and Andrew Robinson – What Do EOT’s Do?

Paper 8:
Graeme Nuttall and John Hoffmire – Using the Employee Ownership Trust to Facilitate Employees Receiving Part of a Not-for-Profit Organization’s surplus 

Paper 9:
Morshed Mannan – Platform Worker Cooperatives: Learning From an Emergent Case in Bangladesh 

Lead Respondent: Bill Castellano 
10:45 AM - 11:00 AM
Break 1
11:00 AM -
12:15 PM
Session 3 – Culture and Governance 1

Paper 10:
Rebecca Hewett – Leader Ideologies, Ownership and Governance Structures in Self-Managing Organizations 

Paper 11:
Ethan Rouen – The Roles of Norms and Values in Building Corporate Culture: a Field Experiment Using Broad-Based Equity Distribution 

Paper 12:
Marc Salesina – Employee Share Ownership and Human Resource Management: Between Shareholder and Partnership Approaches to Governance 

Paper 13:
Arnault Violet – Democratizing Employee Ownership in SME’s in France

Lead Respondent: Doug Kruse 
12:15 PM - 1:00 PM
Lunch
1:00 PM -
2:15 PM
Session 4 – Productivity and Performance

Paper 14:
Andres Cuadros-Menaca – Employee Stock Ownership Plans and Working Status  

Paper 15:
Oliver Browne – Investigating the Impacts of Dispersed Ownership on Agency Costs in Employee-Owned Firms 

Paper 16:
Derek Jones – The Productivity Effects of Employee Ownership, Profit Sharing and Worker Representation on Boards 

Paper 17:
Eric Hoyt & Joseph Blasi – Employee Share Ownership, Management Practices and Firm Outcomes in U.S. manufacturing – Part 1 

Paper 18:
Doug Kruse & William Castellano – Employee Share Ownership, Management Practices and Firm Outcomes in U.S. manufacturing – Part 2 

Lead Respondent: To be named  
2:15 PM -
3:15 PM
Session 5 – Culture and Governance 2

Paper 19:
Daphne Berry – Defining Ownership Culture in an Employee Ownership Context:  

Paper 20:
Fathi Fakhfakh – Profit Sharing and Employee’s Participation as a Source of Employee Well-Being: Evidence from France 

Paper 21:
Ed Carberry – The Effects of Employee Ownership on Behavioral Expectations: Toward a Sensemaking Model of Culture Change in Employee-Owned Companies  

Paper 22:
Kevin Miner & Marya Besharov – The Intersection of Participation and Organizational Purpose: Who Decides What Gets Locked in and Why it Matters 

Lead Respondent: Lisa Schur 
3:15 PM -
3:45 PM
Break 2
3:45 PM -
4:45PM
Session 6 – Cooperative Models in Practice

Paper 23:
Ermanno C. Tortia – A Comparative Analysis of Worker Ownership, Dividend-Based Remuneration and Tradable Shares in Worker-Owned Cooperatives 

Paper 24:
Marina Albanese – The Role of Global and Local Environmental Awareness in Sustainable Development: Are Worker Cooperatives Advantaged in the Absence of Public Incentives? 

Paper 25:
Fabio Landini – Beliefs about Worker Ownership and Occupational Intentions Among Young Adults 

Paper 26:
William Foley – The Effect of Worker Cooperatives on Perceptions of Job Quality.

Lead Respondent: To be named  
4:45 PM -
5:00 PM
Wrap Up – Concluding Remarks

Jonathan Michie

Joseph Blasi

Bill Castellano

Christopher Mackin
Hotel Information
  • Rooms at Kellogg College (may be full) - at this link. Address your emails to Emilia at this address: accommodation@kellogg.ox.ac.uk  
  • The next closest hotel is Cotswold Lodge - at this link, one block away, at the Corner of Banbury and Norham Road.  
  • The next closest is the Old Parsonage Hotel which is 3 blocks away - at this link
  • The next closest is the Old Marlborough Hotel - at this link 
  • Oxford has a University Rooms website  at this link: 
  • Rhodes House also has rooms  at this link:  
  • The Randolph Hotel in Oxford at this link is 1 KM from Kellogg College (Mackin and Blasi billeting there) 
  • Individual Oxford Colleges may offer accommodations, at their websites. List of colleges  at this link. 
Questions?

Contact Christopher Mackin 

Invited Guests


Marina Albanese, University of Naples 

Daphne Berry, University of Hartford 

Marya Besharov, Said Business School-Oxford 

Joseph Blasi, Rutgers University 

Oliver Browne, Cork University Business School 

Ed Carberry, University of Massachusetts-Boston 

William Castellano, Rutgers University 

Andres Cuadros-Meñaca, University of Northern Iowa 

Timothee Duverger, Sciences Po Bourdeaux 

David Ellerman, Institute for Economic Democracy - Ljubljana 

David Erdal, Rutgers University 

Fathi Fakhfakh, University of Paris 

William Foley, Rutgers University 

Tony Guidotti, Harvard Business School 

Bex Hewett, Erasmus University 

John Hoffmire, Center on Mutual and Co-owned Business 

Eric Hoyt, University of Rhode Island 

Nien-he Hsieh, Harvard Business School 

Derek Jones, Hamilton College (Ret.) 

Douglas Kruse, Rutgers University 

Fabio Landini, University of Parma 

Christopher Mackin, Rutgers University 

Morshed Mannan, University of Edinburgh 

Jonathan Michie, Kellogg College-Oxford 

Kevin Miner, Said Business School-Oxford 

Thibault Mirabel, Equalis Capital 

Niels Mygind, Copenhagen Business School 

Graeme Nuttall, UK Employee Ownership Association 

Andrew Pendelton, University of New South Wales 

Andrew Robinson, Leeds University 

Bo Rothstein, University of Gothenburg 

Ethan Rouen, Harvard Business School 

Marc Salesina, IAE-Université de Lorraine 

Lisa Schur, Rutgers University 

Ermanno Tortia, University of Trento 

Arnault Violet, Aix-Marseille University