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In this article we re-examine the relationship between group-based profit sharing and productivity. Our meta … productivity on average, with a stronger relationship where there is higher unionisation and in countries where honesty is less … highly valued and there are higher levels of individualism. The latter two results suggest profit sharing works best in …
Persistent link: https://www.econbiz.de/10011875706
In this article we re-examine the relationship between group-based profit sharing and productivity. Our meta … productivity on average, with a stronger relationship where there is higher unionisation and in countries where honesty is less … highly valued and there are higher levels of individualism. The latter two results suggest profit sharing works best in …
Persistent link: https://www.econbiz.de/10012915329
The idea that profit sharing increases employment has been widely tested, but the theoretical basis for the claim is weak and the empirical results are ambiguous. This paper shows that employee stock ownership based on individually-held stakes avoids the problems of traditional profit sharing....
Persistent link: https://www.econbiz.de/10011568910
A small literature has shown that individual wellbeing varies with the price of company stock, but it is unclear whether this is due to wealth effects among those holding stock, or more general effects on sentiment, with individuals taking rising stock prices as an indicator of improvements in...
Persistent link: https://www.econbiz.de/10012612648
Many firms use equity-based profit sharing to boost participation in employee stock purchase plans (ESPPs). Using a large panel data set (N=262,824) of a multinational firm, we compare the reactions of former ESPP participants and non-participants to a profit sharing distribution (PSD). We find...
Persistent link: https://www.econbiz.de/10012487812
Using the NBER Shared Capitalism Database comprised of over 40,000 employee surveys from 14 firms, we investigate worker attitudes towards employee ownership, profit sharing, and variable pay. Specifically, our study uses detailed survey questions on preferences over profit sharing, forms of...
Persistent link: https://www.econbiz.de/10009273085
Many firms use equity-based profit sharing to boost participation in employee stock purchase plans (ESPPs). Using a large panel data set (N=262,824) of a multinational firm, we compare the reactions of former ESPP participants and non-participants to a profit sharing distribution (PSD). We find...
Persistent link: https://www.econbiz.de/10013235408
Using the NBER Shared Capitalism Database comprised of over 40,000 employee surveys from 14 firms, we investigate worker attitudes towards employee ownership, profit sharing, and variable pay. Specifically, our study uses detailed survey questions on preferences over profit sharing, forms of...
Persistent link: https://www.econbiz.de/10014171754
Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But...
Persistent link: https://www.econbiz.de/10010414209
This paper presents an analytical economic democracy-shared capitalism framework to better understanding of the nature and firm-level drivers of employee ownership, in particular the purpose of the firm. This framework allows us to answer the question: to what extent and how does firm purpose...
Persistent link: https://www.econbiz.de/10015463296