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ECONOMIC
SURVEY OF EMPLOYEE SHARE OWNERSHIP
IN EUROPEAN COUNTRIES IN 2019
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223
pages
evolution
2006-2019
main findings of census 2019
more than 100 tables and graphs
democratization rate in various countries
list of all most remarkable companies
ordinary employees and top executives
employee representation on boards
discrimination in voting rights
ownership control
listed companies
employee-owned
non-listed
companies
and much more
An
exhaustive picture based on the EFES database
(the 2.750 European companies gathering 96%
of employment in all European listed companies).
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in partnership with
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Further
progress last year for employee share ownership
in Europe |
In addition to all the information on employee
share ownership and employee share plans,
this Survey includes chapters on corporate
governance (in particular employee representation
on board) and the ownership structure of all
large European companies.
The Survey reveals further progress last year
for employee share ownership in Europe. The
rate of growth increased for the number of
employee shareholders, with 7.2 million people
in large European companies (Graph 1).
If one adds one million employee shareholders
in SMEs, the total figure reaches 8.2 million.
They held 350 billion Euro in May 2019, increasing
to 400 billion Euro in early 2020. Assets
held reached 50.000€ per person in 2019, and
27.000€ in 2019 if top executive are excluded,
compared to 13.000€ in 2009, an increase of
113% when the European stock exchanges rose
by 58% over the same period, - a good illustration
of the benefits of employee share ownership
for European employees.
The development of employee share ownership
in large European companies continued in 2019.
More and more of them are organizing employee
share plans (Graph 2). In 2019, 94%
of all large European companies had employee
share ownership, of which 89% had employee
share plans of all kinds, while 52% had "broad-based"
plans for all employees, and 62% had stock
option plans. Finally, 31% of all large European
companies launched new employee share plans
during the year, a proportion that keeps increasing
year by year.
Obviously, this development responds to the
general demand of employees and companies.
However employee share ownership is still
much more widespread and more democratised
in France, in the UK and in Nordic countries
than in Central/Eastern and Southern countries.
Unfortunately, the European Commission has
still not taken any initiative for convergence
in this area.
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Graph
1
Graph 2
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On
the other hand, the new Survey reveals that two
significant employee shareholding ratios have been
impacted recently - the rate of democratisation
of employee share ownership in Europe and the stake
held by employees in the ownership structure of
European companies. This started a year ago but
is much more marked now. It is due to very specific
and unexpected causes, in particular in French listed
companies.
Finally,
the number of large workers' co-operatives is falling
everywhere in Europe, while other forms of employee
share ownership are flourishing. The UK and France
are the only European countries showing recent but
significant growth in the number of majority-employee-owned
unlisted companies. The number of such companies
in the UK increased from 36 in 2014 to 90 in 2019.
This is mainly due to the introduction in 2014 of
legislation promoting the new Employee Ownership
Trust structure. In France, it is caused rather
by the many combined Management and Employee Buy-Outs.
Your
comments |
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"Bravo
pour ce rapport très clair et complet !"
"Wow,
what a great work. Congratulations. That's
very helpful for our activities!"
"Salve
vi invio la mia tesi magistrale sull'azionariato
dei dipendenti in Italia e vi ringrazio perché
dal vostro lavoro ho potuto prendere spunti
interessanti."
"Anyway
thanks to you and your hard work, and your
wonderful reports - I am an associate professor
now, so thank you very much for your help.
Now I am preparing this version in English,
so I try to put the most recent data."
"That's
really great work! Congratulations and thank
you. I think the survey is very helpful for
the discussion here in Germany. We will publish
it on our homepage and distribute the paper
in our network. Best wishes"
"Merci
pour ce travail récurrent si précieux !"
"Remarkable
work ! Thanks and congratulation".
"Nous
sommes en phase de finalisation du texte concernant
une saisine au CESE en France. Votre publication
pourrait nous être fort utile."
"Muchas
gracias por la información y felicitaciones..."
"I would be very eager to update my analysis
based on new data."
"Can
you provide data on individual companies,
e.g. in an excel spread sheet, so we can see
which companies have stock options? This would
be very useful for our statistical analysis."
"Sans
votre soutien précieux, en m'aidant à constituer
la base de données statistiques ayant permis
la réalisation des deux études quantitatives
longitudinales de l'impact de l'actionnariat
salarié sur la performance des grandes entreprises
françaises cotées, ma thèse n'aurait pas pu
voir le jour."
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Database
of European companies
The data are
available for analysing companies, for benchmarking,
for market research, as well as for research work
and teaching, and for macroeconomic analysis. The
database gathers economic and financial information
about employee ownership in the 2.750 largest European
companies, including listed and non-listed companies.
More
information
The
European Employee Ownership Top 100
The
European Employee Ownership TOP 100 is designed
with respect to two rankings of Europe's largest
companies, considering employee ownership. In the
EUROCAP100 ranking, companies are ranked by equity
held by employees, in million Euro. In the EUROEMP100
ranking, companies that are 50% or more employee-owned
are ranked by number of employees. Both rankings
are published in the Economic Survey.
Countries
Each European country can easily be compared to
others through a specific country file, using a
set of 10 graphs, using fully comparable information.
Archives:
Economic Survey
2018
Economic Survey
2017
Economic Survey
2016
Economic Survey
2015
Economic Survey
2014
Economic Survey
2013
Economic Survey
2012
Economic
Survey 2011
Economic
Survey 2010
Economic
Survey 2009
Economic
Survey 2008
Economic
Survey 2007
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For
information and contact
EFES - EUROPEAN
FEDERATION OF EMPLOYEE SHARE OWNERSHIP
FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 791 96 00
E-mail: efes@efesonline.org
Web site: www.efesonline.org
EFES' objective is to act as the umbrella organization
of employee owners, companies and all persons, trade
unions, experts, researchers, institutions looking
to promote employee ownership and participation
in Europe.
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