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Understanding variation in efficacy of financial participation across Europe: the role of country-level factors

Williams, Mark (2016) Understanding variation in efficacy of financial participation across Europe: the role of country-level factors Economic and Industrial Democracy: an international journal.

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Little is known about variation in the efficacy of financial participation across countries. This article examines the relationship between two types of financial participation (profit sharing and employee share-ownership) and labour productivity across 29 European countries using a representative workplace survey. Consistent with theoretical expectations, profit-sharing is associated with superior labour productivity when it is open to all employees, whilst the evidence for employee share-ownership is more mixed. Analysis reveals considerable variation in the efficacy of both schemes across Europe. Country-level collective bargaining coverage has the greatest explanatory power in accounting for cross-country variation in efficacy. In countries with higher levels of collective bargaining coverage, profit-sharing performs less well, whereas employee share-ownership performs better, relative to countries with lower collective bargaining coverage. These findings shed light on the comparative dimension of the of the financial participation-labour productivity link.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
Date : 5 January 2016
DOI : 10.1177/0143831X15620846
Copyright Disclaimer : Copyright 2016 Sage Publications
Uncontrolled Keywords : Employee share-ownership, Europe, financial participation, labour productivity, profit-sharing
Depositing User : Symplectic Elements
Date Deposited : 15 Dec 2015 13:29
Last Modified : 16 Jan 2019 17:00

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