ESOPs and employee attitudes

This paper examines how management approaches to employee stock ownership plan ESOP implementation affects such employee workrelated attitudes as job satisfaction, ESOP satisfaction, and job involvement. Structuralequation modeling assesses the responses of 321 airline pilots who were employed by one of three major USbased airlines. The results indicated positive linkages between the instrumentally and extrinsically satisfying aspects of employee ownership and ESOP satisfaction, job satisfaction, and job involvement.