Do Employee Share Ownership Favour Information Disclosure to Employee and Their Participation in Strategic Decision-Making? An Issue of Corporate Governance
France is the European country with the largest number of employee shareholders. Literature about employee share ownership (ESO) is mostly interested in the antecedents or implications for attitudes and behaviours as well as for corporate performance. Only few studies deal with the effects of ESO on corporate governance. Nevertheless such relations exist. This article aims to identify the implications of ESO on information disclosure to employees, and on their participation in strategic decision-making, using propensity score matching methods, based on data of the French nationally representative survey, REPONSE, including listed and unlisted companies.