Employees Financial Participation

Dermot McCarthy

Chapter 26 in Palgrave Dictionary of Emerging Markets and Transition Economics, 2015, pp 508-521 from Palgrave Macmillan

Abstract: Abstract This chapter focuses on the potential opportunities and challenges given to firms that implement broad-based employee financial participation (EFP) arrangements. The primary rationale for such arrangements is to improve firm performance through the aligning of employee objectives with those of the firm. Little evidence exists to support the case for a direct relationship with firm financial performance, although there is evidence of a relationship with softer outcomes associated with employee attitudes and behaviour. Research findings highlight the importance of not viewing EFP in isolation and points to the role of magnitude of returns, involvement in decision-making, and corporate culture in influencing outcomes. This chapter also discusses the development of EFP in the European context, with particular focus on its development in the transition economies of Central and Eastern Europe.

Keywords: Employee Financial Participation; Employee Share-Ownership; Profit Sharing; Employee Stock Ownership (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37138-6_27

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DOI: 10.1007/978-1-137-37138-6_27

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