The Relationship between Financial Participation and Other Forms of Employee Participation: New Survey Evidence from Europe

Erik Poutsma, Panu Kalmi and Andrew D. Pendleton
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Erik Poutsma: Radboud University Nijmegen
Panu Kalmi: Helsinki School of Economics
Andrew D. Pendleton: University of York

Economic and Industrial Democracy, 2006, vol. 27, issue 4, 637-667

Abstract: This article explores the relationships between financial participation and other forms of participation drawing on data collected from listed companies in Finland, Germany, the Netherlands and the UK. The authors provide evidence on two questions. First, does the presence of either direct or indirect participation predict the use of profit sharing and employee equity plans? Second, to what extent is employee participation in profit sharing and equity plans influenced by the presence of other forms of participation? Overall, the results provide little evidence of complementarity between financial participation and other forms of participation. There are also clear differences between types of financial participation. It is found that indirect participation has a weak relationship with use of profit sharing and participation in profit sharing plans. Direct participation is not associated with the use of equity plans or profit sharing but with participation in stock acquisition plans. Employee participation in plan design is strongly associated with participation in profit sharing and stock acquisition plans but not stock options.

Keywords: employee share ownership; Europe; participation; profit sharing (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecoind:v:27:y:2006:i:4:p:637-667

DOI: 10.1177/0143831X06069006

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