Foundation For Enterprise Development

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J.R. Beyster Fellowship

The Fellowship Program begins with an annual application process for outstanding doctoral students, recent Ph.D. graduates, experts with professional degrees, pre-tenure scholars and post-tenure scholars affiliated with U.S. institutions in the areas of economics, finance, history, law, management/business/human resource management/labor and employment relations, philosophy, psychology, political science, public policy and government, and sociology. Applications close in December for the next academic year. More at:

Announcing the 2015 Beyster Fellow: John M. Bizjak, Robert and Maria Lowden Chair of Finance, Neeley School of Business, Texas Christian University. Read more.

The Beyster Fellowship Program started in 2008 to support students and faculty at business schools, engineering schools, social science and liberal arts departments, and entrepreneurship centers engaged in applied research studies and curriculum development. These academic leaders are conducting inter-disciplinary studies and developing curriculum on how to:

  • Achieve start-up financing and sustainable growth in emerging technology industries
  • Stimulate and sustain innovation and firm performance through equity compensation, high-performance work practices, corporate governance, and ownership culture
  • Lead responsibly by considering social impacts, including employee practices and wealth, along with ecological and economy impacts

Our Program includes researchers and scholars selected under an annual fellowship program managed by the Rutgers School of Management and Labor Relations (SMLR). A complete listing of fellows and their research and education projects under the Beyster Fellowship Program is provided below. Fellows who are part of the Rutgers SMLR program are noted.

Beyster Fellows Listing (pdf, 231kb) - View full list of Beyster Fellows and their case studies.

The Rutgers SMLR fellowship program is also funded by other foundations and individuals. There are currently more than 100 fellows total involved in the Rutgers program. Read more about the Rutgers Fellowship program.

Cases - Read featured cases on the Curriculum Development page.

Videos - Watch interviews and discussions on our Employee Ownership Multimedia page.

Beyster Fellowship Universities

  • Arizona State University, Carey School of Business

    Topic: Analysis of participation in employee stock purchase plans

    Ilona Babenko

    Assistant Professor, Finance (Beyster Fellow at Rutgers)
    Topic: How firms that grant options broadly to non-executive employees contribute to firm value

    Laura Lindsey

    Assistant Professor, Economics (Beyster Fellow at Rutgers)
  • Auburn University

    Topic: What determines the allocation of employee ownership among employees in 1,365 investment management firms ranging in size.

    William Gerken

    Ph.D. Assistant Professor, Business School Department of Finance
  • Carnegie Mellon University, Tepper School of Business

    Topic: Capitalization techniques, business models, and employee incentives within an employee-owned structure in the energy and biotech industries

    Art Boni

    John R. Thorne Chair of Entrepreneurship, Engineering Science

    Gergana Tordova

    Ph.D. candidate, Organizational Behavior

    Laurie Weingart

    Professor, Organizational Behavior
  • California State University, East Bay

    Topic: Incentive compensation, worker participation, and the delegation of worker authority

    Jed DeVaro

    Professor, Economics (Beyster Fellow at Rutgers)
  • Case Western Reserve University, Fowler Center for Sustainable Value

    Topic Implications of the Mondragon Cooperative Group for economic development in the US

    Bonnie Richley

    Adjunct Professor, Organizational Behavior (Beyster Research Fellow at Rutgers)
  • Cornell University

    Topic Analyzing what workers know and how they feel about private equity owners and shared capitalism plans in order to understand how workers’ perceptions influence the outcomes of private equity ownership and shared capitalism plans

    Alicia Eads

    Alicia Eads, Ph.D. candidate, Sociology (Beyster Fellow at Rutgers)
  • Georgetown University

    Topic Review of state and federal policies on broad-based employee ownership and profit sharing

    David Madland

    Director of the American Worker Project, Center for American Progress, Government (Beyster Fellow at Rutgers)
    Published Report: Growing the Wealth: How Government Encourages Broad-Based Inclusive Capitalism
    Topic Role of broad-based property rights in Catholic social teaching

    Robert Van der Waag

    Lecturer, Department of Theology, Theology (Beyster Research Fellow at Rutgers)
  • Harvard University, Harvard Law School, Labor and Worklife Program

    Topic Economics of profit sharing, employee stock ownership and broad-based stock options in the US

    Richard Freeman

    Herbert Ascherman Professor of Economics, Economics (Beyster Faculty Fellow at Rutgers). Faculty mentor to Rutgers Beyster Fellows.
    Topic Topic: How retirement accounts are designed in order to substantially attenuate the rise to employees of sharing in the employer’s profits through employee ownership

    Danny Yagan

    Ph.D. candidate, Harvard University Department of Economics.
  • Massachusetts Institute of Technology (MIT)

    Topic Distributed Leadership Research Initiative (DLRI) explores decentralized and collective leadership patterns and their relationship with employee ownership. Explore the relationship between ownership structures of the competing teams, patterns of innovation and success in the X PRIZE
    Deborah Ancona

    Deborah Ancona

    Seley Distinguished Professor of Management, Sloan School of Management, Psychology
    Deborah Ancona

    Elaine Backman

    Research Scientist, MIT Leadership Center, Sociology
    Topic How shared capitalism impacts academic scientists’ commercialization of their research results in start‐ups
    Michael Bikard

    Michael Bikard

    Ph.D. candidate, Sloan School of Management, Technological Innovation, Entrepreneurship and Strategy Program.
    Topic Impacts of alternative ownership practices used by clean technology companies
    Joe Hseuh

    Joe Hsueh

    Ph.D. candidate, Sloan School of Management, System Dynamics (Beyster Fellowship at Rutgers)
    Topic Benefits and Drawbacks of Shared Ownership Organizations on Digital Innovation on the Internet.
    Abhishek Nagaraj

    Abhishek Nagaraj

    Ph.D. candidate in Technological Innovation, Entrepreneurship and Society
    Topic Impacts of alternative ownership practices used by clean technology companies
    Hiram Samel

    Hiram Samel

    Ph.D. candidate, Sloan School of Management, Work and Employment
    Topic Democratic wealth generation in emerging green sectors such as worker cooperatives and other formats that provide access to tangible gains for working-poor families and other marginalized populations
    Lily Song

    Lily Song

    PhD candidate, Urban Studies & Planning (Beyster Fellow at Rutgers)
  • Norfolk State University, School of Business

    Topic Business Ethics issues of private versus public companies with broad-based employee ownership in the US

    Sally Sledge

    Associate Professor, Management (Beyster Fellow at Rutgers)
  • Northwestern University, Kellogg School of Management

    Topic Incentive effect of stock options granted to the rank and file

    Yael Hochberg

    Assistant Professor, Finance (Beyster Fellow at Rutgers)
  • Princeton University

    Topic Diffusion of stock ownership comparing employee stock ownership and non-employee stock ownership during the US boom and bust

    Pierre Kremp

    Ph.D. candidate, Sociology (Beyster Fellow at Rutgers)
  • Rotterdam School of Management at Erasmus University

    Topic Broad-based stock options in multi-national corporations

    Ed Carberry

    Assistant Professor, Sociology (Beyster Fellow at Rutgers)
  • Rutgers University, School of Management and Labor Relations (SMLR)

    Topic American economic history of broad profit sharing, employee ownership and stock options

    Joseph Blasi

    Professor, Sociology (Beyster Faculty Fellow). Faculty mentor to Rutgers Beyster Fellows.
    Topic Performance of profit sharing, employee ownership, and broad-based stock options in the US

    Douglas Kruse

    Professor, Economics (Beyster Faculty Fellow). Faculty mentor to Rutgers Beyster Fellows.
  • San Diego State University, Entrepreneurial Management Center

    Topic Research and teaching material development on impact of aligning and bundling equity practices, work practices, corporate values and culture within San Diego life sciences and entrepreneurial communities

    Gangaram Singh

    Professor, Management

    Lynn Shore

    Professor, Industrial & Organizational Psychology
  • Salisbury University, Franklin O. Perdue School of Business

    Topic Case studies of US firms that are employee-owned and have high employee involvement in management

    Frank Shipper

    Professor, Management
  • Stanford University, School of Engineering

    Document how company values based on employee ownership fit into newly formed high-tech companies within the Silicon Valley
    Using Ownership Incentives in China (

    Tamara Carleton

    Ph.D. candidate, Engineering
  • Texas Christian University, Neeley School of Business

    Causes and Consequences of Broad-Based Performance-Contingent Equity Awards Granted to Executive and Non-Executive Employees

    John M. Bizjak

    Robert and Maria Lowden Chair of Finance
  • UCB, Haas School of Business

    Incentive Effects of Equity Compensation: Employee-Level Evidence from Google

    Bo Cowgill

    Ph.D. candidate in Business and Public Policy
  • UCSD, Rady School of Management, Beyster Institute

    Topic Development of employee ownership teaching programs and research initiative; research project on possible effects of employee ownership plans on employee attitudes

    Anthony Mathews

    Director, Beyster Institute, Developmental Psychology

    Martin Staubus

    Senior Consultant, Beyster Institute, Law
  • University of Chicago, Booth School of Business

    Topic A theoretical model of shared ownership in different organization forms

    Karen Bernhardt-Walther

    Ph.D. candidate, Economics (Beyster Fellow at Rutgers)
  • University of Denver, Korbel School of International Studies

    Topic Examining how workers could successfully start their own worker-owned businesses as entrepreneurs

    Minsun Ji

    Ph.D. candidate, International Studies (Beyster Fellow at Rutgers)
  • University of Massachusetts at Amherst

    Topic Quality of care, participatory decision-making, and worker ownership in the home health aide industry

    Daphne Berry

    PhD candidate, Management and Organization Studies (Beyster Fellow at Rutgers)
    Topic Empirical Analysis of Risk Preferences, Compensation Risk, and Employee Outcomes

    Fidan Ana Kurtulus

    Assistant Professor, Economics (Beyster Fellow at Rutgers)
  • University of Michigan, Center for Entrepreneurship

    Topic Engineering curriculum with a teaching module to educate engineering students in the value of employee ownership and entrepreneurship

    William Hall

    Adjunct Professor, Center for Entrepreneurship in the College of Engineering, Business Administration

    Aileen Huang-Saad

    Assistant Director Academic Programs, Center for Entrepreneurship in the College of Engineering, Biomedical Engineering

    Moses Lee

    Lecturer and Program Manager, Center for Entrepreneurship in the College of Engineering, Business Administration

    Doug Neal

    Managing Director, Center for Entrepreneurship in the College of Engineering,Computer Science
  • University of North Carolina, Chapel Hill, Kenan-Flagler School of Business

    Topic Employee Ownership, Innovation and broad-based stock options in US business

    Paige Ouimet

    Assistant Professor, Finance (Beyster Fellow at Rutgers)
  • University of San Diego, School of Business Administrations

    Topic Changes in composition and scope of ownership over a firm's evolution and the factors influencing those changes, and how firms can benefit from SEC Rule 144a in order to raise capital

    Shreesh Despande

    Professor, Finance

    Helder Sebastiao

    Asst. Professor, Management

    Frank Partnoy

    Professor, Law
  • University of Texas

    Topic Role of broad-based worker ownership in the political economy of a democracy

    Mark Kaswan

    Assistant Professor, Department of Government, Political Science (Beyster Fellow at Rutgers)
  • York University

    Topic What can we learn about firm performance, workers earnings, and firm stability from the largest longitudinal dataset on employee ownership in North America

    Tony Fang

    Associate professor, Industrial Relations and Human Resource Management
    Article: Do Employees Profit from Profit Sharing? Evidence from Canadian Panel Data (258kb)

Academic Research

The FED sponsors inter-disciplinary research focused on how broad-based ownership models motivate employees, improves firm performance, advances innovation, and supports economic development.