17 research outputs found

    The Relationship Between Financial Participation and Other Forms of Employee Participation : New Survey Evidence from Europe

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    Item does not contain fulltextXIIth Conf. IAFEP, 8 juli 200422 p

    The Employee as the Unknown Actor? A Discourse Analysis of the Employee Share Ownership Debate with Special Emphasis on Central and Eastern Europe

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    Employee participation in employee stock ownership plans: Cross-level interaction effects of institutions and workgroup behavior

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    In this multilevel study, the authors investigate the influence of country-level formal institutions and workgroup behavior on foreign subsidiary employees' participation in employee stock ownership plans (ESOPs). Based on the perspectives of bounded rationality, transaction cost theory, and psychological ownership, the authors argue that weak formal institutions restrain multinational enterprises from effectively implementing ESOPs due to reduced employee participation. However, the authors expect that workgroup behaviormore specifically, the participation of the workgroup's members and superiors in ESOPshas a positive influence on employees' ESOP participation. Furthermore, the authors analyze whether cross-level effects of institutions and workgroup behavior function as substitutes or complements. They empirically examine the ESOP participation of 185,291 foreign subsidiary employees in 28 countries. The results confirm the hypotheses about direct effects of weak institutions and workgroup behavior and additionally provide support for a complementary relationship between institutions and workgroup behavior
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