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Article: Psychological ownership and organizational optimism amid China's corporate transformation: Effects of an employee ownership scheme and a management-dominated board

TitlePsychological ownership and organizational optimism amid China's corporate transformation: Effects of an employee ownership scheme and a management-dominated board
Authors
Issue Date2007
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09585192.asp
Citation
International Journal Of Human Resource Management, 2007, v. 18 n. 2, p. 303-320 How to Cite?
AbstractOwnership reform was introduced to Chinese state-owned enterprises in the early 1990s, to allow employees to own a share of their enterprises and to bring changes to the underlying structure of governance. However, effectiveness of this reform has yet to be ascertained. This study examines the effects of the new employee stock ownership scheme and board compositions on the attitudes employees hold towards their jobs and organizations, as well as their perceptions of ownership. We developed a theoretical model on how participation in a stock ownership scheme (an employee's characteristic) and the composition of the board of governance (a firm characteristic) may be linked to job satisfaction and, in turn, to outcome variables such as psychological ownership and organizational optimism. This model was tested on 510 employees randomly sampled from ten stock-holding enterprises in urban Shanghai. Results indicate that participation in a stock ownership scheme has a positive effect on attitudes towards ownership, but that a board dominated by senior managers leads to gloomy perception of a firm's future. These effects were partially mediated by the satisfaction that employees felt in their jobs. The implications of these findings for management practices in China are discussed.
Persistent Identifierhttp://hdl.handle.net/10722/169027
ISSN
2015 Impact Factor: 1.262
2015 SCImago Journal Rankings: 0.705
References

 

DC FieldValueLanguage
dc.contributor.authorChiu, WCKen_US
dc.contributor.authorHui, CHen_US
dc.contributor.authorLai, GWFen_US
dc.date.accessioned2012-10-08T03:40:55Z-
dc.date.available2012-10-08T03:40:55Z-
dc.date.issued2007en_US
dc.identifier.citationInternational Journal Of Human Resource Management, 2007, v. 18 n. 2, p. 303-320en_US
dc.identifier.issn0958-5192en_US
dc.identifier.urihttp://hdl.handle.net/10722/169027-
dc.description.abstractOwnership reform was introduced to Chinese state-owned enterprises in the early 1990s, to allow employees to own a share of their enterprises and to bring changes to the underlying structure of governance. However, effectiveness of this reform has yet to be ascertained. This study examines the effects of the new employee stock ownership scheme and board compositions on the attitudes employees hold towards their jobs and organizations, as well as their perceptions of ownership. We developed a theoretical model on how participation in a stock ownership scheme (an employee's characteristic) and the composition of the board of governance (a firm characteristic) may be linked to job satisfaction and, in turn, to outcome variables such as psychological ownership and organizational optimism. This model was tested on 510 employees randomly sampled from ten stock-holding enterprises in urban Shanghai. Results indicate that participation in a stock ownership scheme has a positive effect on attitudes towards ownership, but that a board dominated by senior managers leads to gloomy perception of a firm's future. These effects were partially mediated by the satisfaction that employees felt in their jobs. The implications of these findings for management practices in China are discussed.en_US
dc.languageengen_US
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09585192.aspen_US
dc.relation.ispartofInternational Journal of Human Resource Managementen_US
dc.titlePsychological ownership and organizational optimism amid China's corporate transformation: Effects of an employee ownership scheme and a management-dominated boarden_US
dc.typeArticleen_US
dc.identifier.emailHui, CH:huiharry@hku.hken_US
dc.identifier.authorityHui, CH=rp00547en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1080/09585190601102539en_US
dc.identifier.scopuseid_2-s2.0-34250743670en_US
dc.identifier.hkuros133607-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-34250743670&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume18en_US
dc.identifier.issue2en_US
dc.identifier.spage303en_US
dc.identifier.epage320en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridChiu, WCK=7201503416en_US
dc.identifier.scopusauthoridHui, CH=16947154300en_US
dc.identifier.scopusauthoridLai, GWF=7102926492en_US

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