UC professor discusses businesses' move to employee-owned model
Journal-News reports Matandy Companies complete Employee Stock Ownership Plan transaction
Companies in the Cincinnati region recently became employee-owned, a move that could have benefits for the employees and businesses, a University of Cincinnati finance professor told the Journal-News.
Colin Campbell, PhD, associate professor of finance at the University of Cincinnati Carl H. Lindner College of Business
Through an Employee Stock Ownership Plan (ESOP) transaction, Matandy Steel and Metal Products LLC, JN Linrose Manufacturing LLC and Lamp Metal Trusses Corp. became employee-owned businesses, giving workers ownership interest in the form of shares of stock.
“By being an owner of the company, it would encourage them to take ownership in the role and feel a connection to the company and want it to be as successful as possible,” said Colin Campbell, PhD, an associate professor of finance in UC's Carl H. Lindner College of Business.
As owners of the companies, employees will share in profits, though they'll also share in the risks of a market downturn.
“When the company does better, they’re going to make more money as well, that way they share in the profits or good fortunes of the company,” Campbell said.
See more from the Journal-News.
Featured image at top courtesy of Unsplash.
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Lindner recognizes 2022-23 faculty and staff award winners
April 13, 2023
The Carl H. Lindner College of Business touted its award-winning faculty and staff from the 2022-23 academic year in a reception April 12 at Lindner Hall.
Career, community, connections: Business Fellows piece all...
December 19, 2023
Forty-six first-year Business Fellows embarked on a four-day excursion to Seattle with their peers.