Developing an Ownership Culture with Employee Share Purchase Plans: Evidence from France

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Developing an Ownership Culture with Employee Share Purchase Plans: Evidence from France

Author Info

Nicolas Aubert

Additional information is available for the following registered author(s):

Nicolas Stephane Aubert

Abstract

Positive effects of employee participation on organizational performance are closely linked to the implementation of a specific corporate culture always referred to as ‘ownership culture’. This issue can be stimulated through employee share purchase plans (ESPP). This article will investigate how to implement a successful ESPP. In order to do so, we review the literature on employees’ investment decisions about their employer’s shares. We present in another section the data and methodology of the empirical study. We have conducted semi-structured interviews with French experts specialising in ESPP’s implementation. We use the content analysis technique to analyse these interviews. Another section is dedicated to presenting the results of the qualitative research. We find that – offering leveraged employee ownership funds – ESPP’s general characteristics, – allowing employees to transfer their deferred profit sharing and gain sharing bonuses into the ESPP – discounting the share price, – giving employees payment facilities, – marketing expenses are particularly successful in stimulating employees’ investment. In the last section, we discuss and comment on our results.

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Publisher Info
Article provided by Rainer Hampp Verlag in its journal Zeitschrift fuer Personalforschung.

Volume (Year): 22 (2008)
Issue (Month): 2 ()
Pages: 130 - 151
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Handle: RePEc:rai:zfpers:doi_10.1688/1862-0000_zfp_2008_02_aubert

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Web page: http://www.hampp-verlag.de/

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Postal: Rainer Hampp Verlag, Journals, Marktplatz 5, 86415 Mering, Germany
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Web: http://www.hampp-verlag.de/hampp_e-journals_ZfP.htm

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Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
M12 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Personnel Management; Executive Compensation
M52 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
M54 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Labor Management

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This page was last updated on 2009-11-21.

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