The Influence of Employee Share Ownership Schemes on Firm Performance: the Case of Zimbabwean Firms

Maxwell Sandada (), Kamunyaru Batanai Basil () and Asphat Muposhi ()
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Maxwell Sandada: University of Zimbabwe
Kamunyaru Batanai Basil: University of Zimbabwe
Asphat Muposhi: Vaal University of Technology

Acta Universitatis Danubius. OEconomica, 2016, issue 12(2), 37-50

Abstract: The purpose of this study was to examine the influence of employee share ownership schemes on firm performance in the case of Zimbabwean companies. The study sought to provide valuable insights on the influence of this initiative on employee productivity and organisational performance in Zimbabwe. A cross sectional design was employed to collect data from Confederation of Zimbabwe Industry listed companies using simple random sampling. The study revealed that financial benefits from EOSs, employee participation, ECOS communication and percentage of shareholding have a significant positive relationship with firm performance. The study has important implications for the implementation and management of ESOs in the context of a development country such as Zimbabwe.

Keywords: Employee share ownership schemes; economic empowerment; firm performance; employee commitment; job satisfaction. (search for similar items in EconPapers)
Date: 2016
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