The Impact of Profit-Sharing and Employee Shareholding Schemes

1991 ◽  
Vol 16 (3) ◽  
pp. 52-72 ◽  
Author(s):  
Michael Poole ◽  
Glenville Jenkins
Keyword(s):  
Profit Sharing ◽  
The Impact

scholarly journals Leveraging Financial Performance for Recruitment and Retention of Intellectual Capital through Financial Participation

2020 ◽  
Vol 9 (4) ◽  
pp. 76-86
Author(s):  
SANIA USMANI
Keyword(s):  
Financial Performance ◽  
Structural Equation ◽  
Employee Retention ◽  
Least Squares Method ◽  
Sampling Technique ◽  
Profit Sharing ◽  
Employee Recruitment ◽  
The Impact ◽  
Financial Participation

In recent years, substantial attention has been given to the impact of Financial Participation on Financial Performance. However, there is a lack of research of the impact of Financial Performance on Financial Participation and the mediating role of Fnancial Participation between Financial Performance, Employee Recruitment and Employee Retention. In this paper, Financial Performance, Financial Participation, Employee Recruitment and Employee Retention is examined, including two types of financial participation; Employee Stock Options and Profit Sharing. The purpose of this research was to understand the role of financial participation in attracting individuals and retaining them. Non-probability-based convenience sampling technique was used in this study. The technique was used mainly due to ease of access of respondents, geographical proximity and cost-effectiveness (Etikan et al. 2016). Structural Equation Modelling was applied on the data analysis using Partial Least Squares method on SMART-PLS Software. Drawing on the data collected from 211 respondents from various national and multinational companies in the FMCG Sector of Karachi, Pakistan. The results indicated that Financial Participation has important interaction effects with Financial Performance, Employee Recruitment and Employee Retention. It is also found that indirect effect of Financial Participation has a strong mediating relationship with Employee Retention as compared to Employee Recruitment. The findings suggest that by incorporating financial participation by employees, HR can effectively recruit and retain better individuals. Also, ESOPs are a better form of attracting and retaining better employees. Keywords: Employee Stock Ownership, Financial Participation, Profit Sharing, Financial Performance, Employee Recruitment, Employee Retention.

scholarly journals Analysis on joint operation non administrative accounting models of property development firms and the impact on taxation

2020 ◽  
Vol 5 (01) ◽  
pp. 45
Author(s):  
Indar Khaerunnisa ◽  
Amrullah .
Keyword(s):  
Secondary Data ◽  
Profit Sharing ◽  
Primary Data ◽  
Joint Operation ◽  
Property Development ◽  
Financial Report ◽  
Study Approach ◽  
Joint Operations ◽  
Accounting Model ◽  
The Impact

This study aims to determine the accounting model in conducting joint operations (JO) by implementing non-administrative which consists of fix profit and percentage. Each fixed profit has three methods consisting of full revenue, profit sharing and PMK 261. The research used a descriptive qualitative method, with a case study approach. The study used primary data obtained from direct interviews with directly related parties conducting joint operations (JO or KSO). Meanwhile, the secondary data were obtained from the mutual agreement document and the financial report of the party conducting the joint operation (KSO). From the research results, it is obvious that the most recommended form of accounting is all forms according to PMK 261, both the fixed profit and percentage models. Keywords: Administrative Joint Operation, Non Administrative, Fixed Profit

scholarly journals Public Monopoly and Economic Efficiency: Evidence from the Pennsylvania Liquor Control Board's Entry Decisions

2013 ◽  
Vol 103 (2) ◽  
pp. 831-862 ◽  
Author(s):  
Katja Seim ◽  
Joel Waldfogel
Keyword(s):  
Profit Maximization ◽  
Consumer Surplus ◽  
Political Influence ◽  
Profit Sharing ◽  
Control Board ◽  
Limited Evidence ◽  
Liquor Store ◽  
Government Operation ◽  
The Government ◽  
The Impact

We estimate a spatial model of liquor demand to analyze the impact of government-controlled retailing on entry patterns. In the absence of the Pennsylvania Liquor Control Board, the state would have roughly 2.5 times the current number of stores, higher consumer surplus, and lower payments to liquor store employees. With just over half the number of stores that would maximize welfare, the government system is instead best rationalized as profit maximization with profit sharing. Government operation mitigates, but does not eliminate, free entry's bias against rural consumers. We find only limited evidence of political influence on entry. (JEL D42, D72, L11, L12, L43, L81)

scholarly journals Discrete Time Ruin Probability for Takaful (Islamic Insurance) with Investment and Qard-Hasan (Benevolent Loan) Activities

2020 ◽  
Vol 13 (9) ◽  
pp. 211 ◽  
Author(s):  
Dila Puspita ◽  
Adam Kolkiewicz ◽  
Ken Seng Tan
Keyword(s):  
Business Model ◽  
Ruin Probability ◽  
Risk Model ◽  
Computational Procedure ◽  
Profit Sharing ◽  
Probability Of Ruin ◽  
Agent Based ◽  
Key Variables ◽  
Islamic Insurance ◽  
The Impact

The main objectives of this paper are to construct a new risk model for modelling the Hybrid-Takaful (Islamic Insurance) and to develop a computational procedure for calculating the associated ruin probability. Ruin probability is an important study in actuarial science to measure the level of solvency adequacy of an insurance product. The Hybrid-Takaful business model applies a Wakalah (agent based) contract for underwriting activities and Mudharabah (profit sharing) contract for investment activities. We consider the existence of qard-hasan facility provided by the operator (shareholder) as a benevolent loan for the participants’ fund in case of a deficit. This facility is a no-interest loan that will be repaid if the business generates profit in the future. For better investment management, we propose a separate investment account of the participants’ fund. We implement several numerical examples to analyze the impact of some key variables on the Takaful business model. We also find that our proposed Takaful model has a better performance than the conventional counterpart in terms of the probability of ruin.

scholarly journals Dialog Pemikiran Tentang Norma Riba, Bunga Bank, Dan Bagi Hasil di Kalangan Ulama

2020 ◽  
Vol 19 (2) ◽  
pp. 247-264
Author(s):  
Hisam Ahyani ◽  
Dian Permana ◽  
Agus Yosep Abduloh
Keyword(s):  
Social Life ◽  
Social Impact ◽  
Profit Sharing ◽  
Effective Measure ◽  
The Social ◽  
The Law ◽  
The Rich ◽  
The Interest Rate ◽  
Mutual Tolerance ◽  
The Impact

This research found that the Norma of Riba in Islamic Economics is a khilafiyah problem as well as the law of Bank Interest, in principle, mutual tolerance and mutual respect and respect for inter-opinions must be put forward. This is because each group of ulama has devoted their energy to seeking the law of the problem, and in the end their opinion remains different. Profit sharing norms in Islamic economics are an innovative step in an Islamic economy that is not only in accordance with people's behavior, but more than that profit sharing is a social balance step in obtaining economic opportunities. Thus, the profit sharing system can be seen as a more effective measure to prevent conflict between the rich and the poor from occurring in social life. The impact of Bank Interest (Riba) on the Country's Economy, among others, has an impact on several sectors including the Economic Impact. The higher the interest rate, the higher the price to be set on an item. Social Impact, the social impact of society related to Riba in terms of unfair income. Impact of Company Resilience, only companies that have resilience will survive

scholarly journals MUZARA’AH DAN PENGEMBANGAN EKONOMI UMAT DI PEDESAAN

2019 ◽  
Vol 3 (2) ◽  
pp. 108-136
Author(s):  
Firman Muh. Arif
Keyword(s):  
Basic Principle ◽  
Modern Society ◽  
Profit Sharing ◽  
The Public ◽  
Intellectual Heritage ◽  
The Impact

The concept of muzara'ah is an Islamic intellectual heritage whose practice is still possible to be applied in the reality of people's lives. The application of muzara'ah in the era of modern society is carried out with mechanisms that are relevant to existing developments but still consistent with the basis and values of Islamic ideals. This paper reviews some things that are descriptive and explorative with sociological and welfare approaches. The application of muzara'ah is no longer limited to agriculture and has the opportunity to be developed in various other fields with the basic principle of profit sharing. The application of muzara'ah aims to minimize land that is not empowered, to prosper the marginalized land. absorb labor for those who are competent to manage but do not own land, reduce the gap between the owners of capital and land with cultivators, and boost the productivity of the land. Revitalization of muzara'ah shows that the concept can still exist in the present by modernizing its operational techniques, institutionalizing muzara'ah so that the impact is practical and useful for the public, leaning towards improving conditions and presenting comprehensive Islam.

scholarly journals Vom Lohnarbeiter zum Shareholder?

2001 ◽  
Vol 31 (122) ◽  
pp. 103-122 ◽  
Author(s):  
Jan Priewe
Keyword(s):  
Data Base ◽  
Old Age ◽  
Asset Prices ◽  
Profit Sharing ◽  
Value Orientation ◽  
Equal Distribution ◽  
Share Capital ◽  
Wealth Concentration ◽  
Capital Assets ◽  
The Impact

The paper investigates the impact of some features of the 90s in Germany: shareholder-value orientation and changes in the distribution of share capital, booming asset prices, profit-sharing schemes including option plans, increased capital funded old-age provisions. Two propositions are discussed and, finally, denied: Due to these trends there might emerge a tendency towards a more equal distribution of capital stocks, and a relevant portion of employees might turn out as shareholders with considerable non-wage income. However, despite severe shortcomings in the data base a wave of further wealth concentration can be observed, and the workers´ share in capital assets has remained insignificant, apart from a small but increasing stratum of middle and high income employees.

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