The impact of profit-sharing, worker participation, and share ownership on absenteeism and quits: some UK evidence

2017 ◽  
pp. 205-232
Author(s):  
Nick Wilson ◽  
Mike Peel
Keyword(s):  
Profit Sharing ◽  
Share Ownership ◽  
Worker Participation ◽  
The Impact

International Overview of Employee Share Ownership

2022 ◽  
pp. 76-101
Author(s):  
Paul Katuse ◽  
Joyce Daudi Nzulwa
Keyword(s):  
Empirical Research ◽  
Business Management ◽  
Profit Sharing ◽  
Share Ownership ◽  
The Impact ◽  
Stock Share ◽  
Organizational Needs

Business management scholars have propositioned employee share ownership as a concept bearing different perspectives. Business management practitioners have implemented the model in varying degrees suiting their organizational needs depending on the context of the organization at the particular time. Empirical research on the impact, role, and the position of employee share ownership (ESO) has produced varying results leading to far reaching conclusions as to the importance and significance of the ESO on an organization and especially at a time when a firm is undergoing through crisis. The concept of employee share ownership has led to the development of employee share ownership plans which are implemented as direct stock/share allotment, bonuses, or profit-sharing models and plans. The employer or the principal capital holder bears an exclusive discretion in making the decision of who would receive any of these options.

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

Developments and prospects of profit-sharing and employee share ownership in Europe

2002 ◽  
Vol 8 (1) ◽  
pp. 22-46 ◽  
Author(s):  
Erik Poutsma
Keyword(s):  
European Commission ◽  
International Research ◽  
Employee Participation ◽  
Profit Sharing ◽  
Share Ownership ◽  
Eu Member States ◽  
Systematic Overview ◽  
Social Partners ◽  
The Eu ◽  
Financial Participation

The main objective of this contribution is to provide an account of the development during the 1990s of what has been called PEPPER. PEPPER is an acronym used by the European Commission that stands for Promotion of Employee Participation in Profit and Enterprise Results (including equity). This paper is based on a review of available international research and publications and interviews with country-experts. It makes an attempt to present a systematic overview of existing forms of employee financial participation and the preconditions for its existence. Special attention is given to the policies of governments of the EU Member States and the views of social partners that support or hinder the development of financial participation in Europe.

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.

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

Employee Share Ownership

2010 ◽  
Author(s):  
Eric Kaarsemaker ◽  
Andrew Pendleton ◽  
Erik Poutsma
Keyword(s):  
Profit Sharing ◽  
Extensive Literature ◽  
Share Ownership ◽  
Factors Associated ◽  
Participation Rights ◽  
And Performance ◽  
Variety Means

Employee share ownership involves employees acquiring shares in their employer so that they become shareholders. It takes a variety of forms, some of which may have greater significance and effects than others. The extent to which employees possess profit sharing, information, and participation rights varies considerably. This variety means that generalizations about employee share ownership have to be made with caution, as becomes evident in this article. The article provides more details of the various types of employee share ownership plans, before providing information on the incidence of employee share ownership. It examines the factors associated with the use of employee share ownership plans by companies (‘determinants’). The article also reviews the extensive literature on the effects of employee share ownership on attitudes, behaviour, and performance.

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