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Are firms with financial participation of employees better off in a crisis? Evidence from the IAB Establishment Panel Survey

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  • Bellmann, Lutz
  • Möller, Iris

Abstract

In 2008/09 many countries all over the world were hit by a deep recession. At the beginning of the economic and financial crises a discussion about the practicability of financial participation of employees as an instrument to overcome the crises was initiated in Germany. Especially liquidity and productivity arguments were mentioned. This paper explores empirically whether firms having financial participation schemes of employees were better off during this turbulent time period. We focus on the function of financial participation schemes to stabilize employment and to avoid human capital losses, which is quite important in economic downturns. Our empirical analysis is based on the IAB-Establishment Panel Survey, which consists of almost 16,000 interviews every year. Our findings reveal that profit sharing and employee share ownership schemes are not outstanding crisis instruments.

Suggested Citation

  • Bellmann, Lutz & Möller, Iris, 2016. "Are firms with financial participation of employees better off in a crisis? Evidence from the IAB Establishment Panel Survey," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 27(4), pages 304-320.
    • Handle: RePEc:nms:mamere:mrev-2016-bellmann
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    File URL: https://www.nomos-elibrary.de/10.5771/0935-9915-2016-4-304
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    Citations

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    Cited by:

    1. Daniel Fackler & Lisa Hölscher & Claus Schnabel & Antje Weyh, 2022. "Does working at a start-up pay off?," Small Business Economics, Springer, vol. 58(4), pages 2211-2233, April.
    2. Simon Fietze, 2018. "How Did Employee Ownership Firms Weather the Last Two Recessions? Employee Ownership, Employment Stability, and Firm Survival: 1999–2011, by Fidan AnaKurtulus and Douglas L.Kruse. W. E. Upjohn Insti," British Journal of Industrial Relations, London School of Economics, vol. 56(2), pages 456-458, June.

    More about this item

    Keywords

    compensation; profit sharing; share ownership; treatment effects;
    All these keywords.

    JEL classification:

    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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