To clarify the concept of participation in the appraisal interview, 287 bank employees were surveyed. Analysis of their descriptions of the most recent appraisal interview resulted in three factors: (1) a sense of ownership of the appraisal, (2) feelings of contribution, and (3) criticism from the boss. Ownership was the factor most strongly related to subordinates' reaction to the appraisal; it was also found to be the factor most closely linked to overall management style and was moderated by job tenure. The basic findings were confirmed in a second study using a different organization. The results are discussed in terms of participation as it applies to the appraisal interview.