Three Dimensions of Employees Acquiring Shares in Their Firms: Personal Characteristics, Motives and Type of Ownership

Benjamin Faigen, Niels Mygind, Olaf Sigurjonsson, Audur Arna Arnardottir

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Abstrakt

This study is based on a survey and interviews in six Icelandic firms in which share purchases by employees have transpired. The focus is on employees’ characteristics and motives in becoming shareowners as well as the reasons for non-participation. The article’s contribution is to add to the theory and empirical evidence regarding the individual-level antecedents to employee ownership across both majority and minority variants. The results reveal that income, tenure and age influence ownership status. There is some support for expectations that employees place greater emphasis on stakeholder goals and collective goals in majority employee-owned firms and on financial goals in minority employee-owned firms. Employees were hindered from becoming owners due to a lack of funds or internal exclusionary barriers.
OriginalsprogEngelsk
TidsskriftEconomic and Industrial Democracy
Antal sider29
ISSN0143-831X
DOI
StatusUdgivet - 12 nov. 2018

Bibliografisk note

Epub ahead of print. Published online November 12, 2018

Emneord

  • Employee characteristics
  • Employee motives
  • Employee ownership
  • Financial participation

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