05, and, by inference, hypothesis number one was accepted.

The sales/equity ratio mean for the sample firms was 2.7 times, while the post-employee ownership sales/equity ratio mean for these firms was 6. times. The t-test statistic was -2.3, while the critical value of t was 2.02. Thus, the variance between the pre-employee ownership sales/equity ratio mean and the post-employee ownership sales/equity ratio mean was statistically significant at p<.05, and, by inference, hypothesis number two was accepted.

The sales/labor costs ratio mean for the sample firms was 1.2 times, while the post-employee ownership sales/labor costs ratio mean for these firms was 2.1 times. The t-test statistic was -3.5, while the critical value of t was 2.02. Thus, the variance between the pre-employee ownership sales/labor costs ratio mean and the post-employee ownership sales/labor costs ratio mean was statistically significant at p<.05, and, by inference, hypothesis number three was accepted.

The return on equity percent mean for the sample firms was

4.4 percent, while the post-employee ownership return on equity mean for these firms was 7.1 percent. The t-test statistic was -2.9, while the critical value of t was 2.02. Thus, the variance between the pre-employee ownership return on equity percent mean and the post-employee ownership return on equity percent mean was statistically significant at p<.05, and, by inference, hypothesis number four was accepted.

The literature was in broad agreement that employee ownership should lead to improved operational and financial performance. The findings of this study were consistent with the literature, as the research performed for this study found that employee ownership led to improvements in net profit, sales effectiveness, labor productivity, and return on equity. Based on the findings of the literature and of this study, it was concluded that employee ownership is a viable form of corporate or...

Human Resource Policy. (1969, December 31). In LotsofEssays.com. Retrieved 15:11, December 07, 2016, from http://www.collegetermpapers.com/viewpaper/1303403478.html

Lots of Essays. "Human Resource Policy." LotsofEssays.com. LotsofEssays.com, (December 31, 1969). Web. 07 Dec. 2016.

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