L’influence du contexte de travail des salariés sur la participation aux plans d’achat d’actions de l’entreprise

Nicolas Aubert () and Xavier Hollandts ()
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Xavier Hollandts: Kedge Business School [Talence], CleRMa - Clermont Recherche Management - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand - UCA [2017-2020] - Université Clermont Auvergne [2017-2020]

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Abstract: Employee share ownership is a central element of companies' compensation policy. It usually contributes to support the performance of companies both economically and socially. In this paper, we suggest, contrary to the literature, that employees' turnover and absenteeism can encourage companies to develop employee ownership in order to discourage their employees' withdrawal behavior i.e. turnover and absenteeism. We test our hypotheses through an econometric case study of a listed French construction. Our data, measured at the individual level in different subsidiaries, covers 15,000 employees over five years. Our results show that employees' turnover and absenteeism are significantly associated with the investment of employees in their company stock. Our results thus shed new light on the determinants of employee ownership investment, considering in particular that a different causality can be investigated.

Keywords: performance; Actionnariat salarié; épargne salariale; rotation du personnel; absentéisme (search for similar items in EconPapers)
Date: 2019-09
Note: View the original document on HAL open archive server: https://hal.science/hal-02045358v1
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Published in Entreprise & société, 2019, 5

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Working Paper: L’influence du contexte de travail des salariés sur la participation aux plans d’achat d’actions de l’entreprise (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02045358

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