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Effect of Employee Stock Ownership Plans (ESOPs) on the performance of Small business in Karachi

Fayyaz Riaz, Fiza Abdul Razzaq and Ahsan Waqar

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the impact of employee stock ownership plans on the overall performance of the organizations. From the five decades literature, the conceptual underpinning formed includes variables of interest namely; employees' motivation, job commitment, employees' turnover, and productivity/profitability of the firms. The paper follows positivist philosophy with deductive approach to gain numerical significance. Total 280 respondents targeted using combination of probability (random) sampling and non-probability (convenience and snowball) sampling techniques. The statistical tests, which are used to test the hypotheses, are regression and correlation. Results showed that they exists statistically significant correlation between ESOPs and overall performance of the organization. Interestingly, the nature of relationship is positive but the strength is moderate to weaker. Employees' turnover has moderate positive significant correlation (r=. 541, p

Keywords: Employees Stock Ownership plans; commitment; employee turnover; profitability; motivation (search for similar items in EconPapers)
JEL-codes: C1 C12 D24 M00 M2 M21 M59 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eff and nep-hrm
Date: 2017-08-10, Revised 2017-11-11
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Published in International Journal of Applied Business and Management Studies 2.2(2017): pp. 1-16

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