Employee Ownership and Financial Performance of State-Owned Entities: A Mediating Role of Employee Loyalty

Tariq Javed* and Mohd Faizal Basri
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Tariq Javed*: Universiti Pendidikan Sultan Idris, Malaysia
Mohd Faizal Basri: Universiti Pendidikan Sultan Idris, Malaysia

The Journal of Social Sciences Research, 2019, vol. 5, issue 3, 640-645

Abstract: The paper examines the mediation impact of employee loyalty in the relationship of employee ownership and financial performance of state-owned entities of Pakistan. Employee ownership is measured as percentage holding in state-owned entities, and financial performance is assessed trough profitability ratios; net profit margin and return on assets. Employee loyalty is determined through questionnaire circulated among the employees covered under the scheme. Meanwhile, secondary data is collected from already published sources. The study reveals that employee loyalty partially mediates the impact of employee ownership on the financial performance, which will support the policy makers to design corporate policies.

Keywords: Employee ownership; Financial performance; Mediation; Agency theory; Conflict of interest (search for similar items in EconPapers)
Date: 2019
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