Shared Capitalism and Individual Level Outcomes: Long-term and Short-term Perspectives

This study aims to examine the mechanism of shared capitalism operation at the individual level. Building on both psychology and economic literatures, this study anticipates that shared capitalistic practices influence employees' feeling of ownership, which mediates the relationship between shared capitalism plans and employees' attitudes of job satisfaction and organizational commitment. Further, building on strategic HR theories, this study suggests that two groups of shared capitalism-short-term oriented shared capitalism and long-term oriented shared capitalism – influence on employees psychological ownership and attitudes either additively or by substituting for each other. Empirical findings support that psychological ownership mediates the positive relationships between the two types of shared capitalism and employees' attitudes. Also the current study proves that there are additive effects of the two types of shared capitalism on employees' psychological ownership, but there are substitution effects on employees' job satisfaction and organizational commitment. Further discussions and limitations are explained.