Shared Modes of Compensation and Firm Performance U.K. Evidence
In: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000
AbstractThis paper examines the use and consequences of shared compensation plans (profit sharing, profit related pay, SAYE schemes and company stock option plans) in a sample of UK workplaces and firms in the 1990s. The use of these plans has increased over time, in part in response to government programs. The evidence shows that companies and workplaces adopting shared compensation practices have had higher productivity than other firms, but the effects vary among programs, suggesting that the particulars matter a lot in aligning shared compensation and work place activities. Consistent with incentive theory, the evidence also shows that firms and workplaces with shared compensation practices have a higher incidence of shared decision-making/information sharing practices.
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Other versions of this item:
- Martin J. Conyon & Richard Freeman, 2002. "Shared Modes of Compensation and Firm Performance: UK Evidence," CEP Discussion Papers dp0560, Centre for Economic Performance, LSE.
- Martin J. Conyon & Richard B. Freeman, 2001. "Shared Modes of Compensation and Firm Performance: UK Evidence," NBER Working Papers 8448, National Bureau of Economic Research, Inc.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cable, John & Wilson, Nicholas, 1989. "Profit-Sharing and Productivity: An Analysis of UK Engineering Firms," Economic Journal, Royal Economic Society, vol. 99(396), pages 366-75, June.
- Nickell, Stephen & Redding, Stephen J & Swaffield, Joanna K, 2001.
"Educational Attainment, Labour Market Institutions and the Structure of Production,"
CEPR Discussion Papers
3068, C.E.P.R. Discussion Papers.
- Stephen Nickell & Stephen Redding & Joanna Swaffield, 2002. "Educational Attainment, Labour Market Institutions, and the Structure of Production," CEP Discussion Papers dp0545, Centre for Economic Performance, LSE.
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