Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is … with earlier papers which indicate that higher level employees are the primary beneficiaries of higher pay from dispersed …

. Employees have to invest some of their own money by purchasing shares at the discounted rate to accept the gift. A sizeable … that places its ESPP at the heart of its employee compensation system, we compare the workplace behaviour of employees who … the plan, but are no more involved in co-monitoring the performance of fellow employees than non-Plan members. We also …