Economics at your fingertips  

Employee share ownership in Germany: A cluster analysis of firms' aims

Renate Ortlieb, Wenzel Matiaske and Simon Fietze
Authors registered in the RePEc Author Service: Simon Jebsen

management revue. Socio-economic Studies, 2016, vol. 27, issue 4, 285-303

Abstract: Politicians and scholars alike praise the significant benefits associated with employee share ownership (ESO). However, little is known about the concrete motives of firms to provide ESO to their employees. In particular, it is unknown how these motives correlate with firms’ contexts. Drawing on an institutional theoretical framework, this article examines what aims firms pursue through the provision of ESO. The data originate from a survey of firms in Germany. The cluster analytic findings indicate distinctive patterns of relationships between aims and firm characteristics. Aims related to employee performance are most important to foreign-owned firms, financial aims are most important to non-public small and medium-sized firms and aims related to corporate image are most important to big firms and to firms that do not provide profit sharing. Aims related to employee attraction and retention are almost equally important to all kinds of firms.

Keywords: financial participation; employee share ownership; firms’ aims; cluster analysis; human resource management (search for similar items in EconPapers)
JEL-codes: C38 F23 M12 M16 M52 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link) (text/html)

Related works:
Journal Article: Employee share ownership in Germany: A cluster analysis of firms' aims (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
Rainer Hampp Verlag, Journals, Vorderer Lech 35, 86150 Augsburg, Germany. A subscripton is required to access pdf files. Pay per article is available at

Access Statistics for this article

management revue. Socio-economic Studies is currently edited by Matthias Baum, Ina Ehnert, Marcel Erlinghagen, Simon Fietze, Susanne Gretzinger, Wenzel Matiaske and Sylvia Rohlfer

More articles in management revue. Socio-economic Studies from Rainer Hampp Verlag
Bibliographic data for series maintained by Rainer Hampp ( this e-mail address is bad, please contact ).

Page updated 2024-03-31
Handle: RePEc:rai:mamere:mrev-2016-ortlieb