To increase the development of human capital through employee ownership: an empirical analysis in the context of French companies in the SBF 250

Introduction: This work attempts to analyze the effects of employee ownership on the development of human capital. By mobilizing the theory of Resource Based View, we can develop a theoretical framework explaining the important role of employees in the creation of competitive advantage. Indeed, human capital is a scarce resource and difficult to reproduce and therefore determines the survival of the firm. The property gives the employee a sense rewarding and reinforces its commitment and involvement in the organization of which he is a member. Methodology: To examine our model, we conducted a questionnaire survey whose objective is the comparison between employee shareholders and not shareholders in terms of human capital development. The collected responses were analyzed by the structural equation method. Results: The results highlight the positive role of ownership in increasing affective organizational commitment and by ripple effect on human capital development. Otherwise, our study confirms the positive repercussions of the property in organizational behavior, and offers reflections elements to leaders to encourage them to offer employee share plans. Conclusions: However, we regret the absence of a direct variable to measure human capital development, and the use of a binary variable for ownership. For this purpose, we plan in future research to analyze the impact of property through a continuous variable in order to determine exactly the detention threshold at which we begin to be saved positive effects on organizational behaviors