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Forms of Profit Sharing and Firm Performance: Theoretical Foundations and Empirical Problems

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  • FitzRoy, Felix R
  • Kraft, Kornelius

Abstract

Explicit profit sharing and rent-seeking as a form of efficiency wage are theoretically closely related though their respective literatures have made little contact. A number of theoretical models provide good foundations for both kinds of sharing. Attempts to quantify the "effects" of sharing, though almost unanimous in finding a positive productivity relationship, are less convincing on various methodological grounds. In particular, selection bias has been neglected, but suggests that adoption of profit sharing (without flanking measures) by firms that have not chosen to do so hitherto might be less advantageous than existing schemes. Copyright 1992 by WWZ and Helbing & Lichtenhahn Verlag AG

Suggested Citation

  • FitzRoy, Felix R & Kraft, Kornelius, 1992. "Forms of Profit Sharing and Firm Performance: Theoretical Foundations and Empirical Problems," Kyklos, Wiley Blackwell, vol. 45(2), pages 209-225.
  • Handle: RePEc:bla:kyklos:v:45:y:1992:i:2:p:209-25
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    Cited by:

    1. repec:iab:iabmit:v:29:i:4:p:607-615 is not listed on IDEAS
    2. Wolf, Elke & Zwick, Thomas, 2002. "Produktivitätswirkung von Mitarbeiterbeteiligung : der Einfluss von unbeobachteter Heterogenität (The effect of employee participation in asset formation on productivity : the influence of unobserved ," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 35(1), pages 123-132.
    3. Noélie Delahaie & Richard Duhautois, 2015. "Profit-Sharing and Wages: An Empirical Analysis Using French Data Between 2000 and 2007," Working Papers halshs-01143491, HAL.
    4. Möller, Iris, 2000. "Produktivitätswirkung von Mitarbeiterbeteiligungen (Productivity effect of employee participation in asset formation)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 33(4), pages 565-582.
    5. Pull, Kerstin, 1999. "What is the fair wage? A model of as-if-co-operation," Quint-Essenzen 58, University of Trier, Institute for Labour Law and Industrial Relations in the European Community (IAAEG).
    6. Thomas Cornelissen & John S. Heywood & Uwe Jirjahn, 2010. "Profit Sharing and Reciprocity: Theory and Survey Evidence," SOEPpapers on Multidisciplinary Panel Data Research 292, DIW Berlin, The German Socio-Economic Panel (SOEP).
    7. Pull, Kerstin, 1996. "Übertarifliche Entlohnung : ein Ergebnis vorweggenommener Verhandlungen (Wages above the collectively agreed level: a result of anticipated negotiations)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 29(4), pages 607-615.
    8. Sandeep Bhargava & Tim Jenkinson, 1996. "Partage explicite ou implicite du profit dans la détermination des salaires," Économie et Prévision, Programme National Persée, vol. 126(5), pages 19-29.
    9. repec:iab:iabmit:v:35:i:1:p:123-132 is not listed on IDEAS
    10. Thomas Cornelissen & John Heywood & Uwe Jirjahn, 2014. "Reciprocity and Profit Sharing: Is There an Inverse U-shaped Relationship?," Journal of Labor Research, Springer, vol. 35(2), pages 205-225, June.
    11. Kornelius Kraft & Julia Lang, 2016. "Just a Question of Selection? The Causal Effect of Profit Sharing on a Firm's Performance," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 55(3), pages 444-467, July.
    12. Noélie Delahaie & Richard Duhautois, 2013. "L'impact des dispositifs collectifs de partage des bénéfices sur les rémunérations en France. Une analyse empirique sur la période 1999-2007," Working Papers halshs-00967479, HAL.
    13. Amess, Kevin & Roberts, Barbara M., 2007. "The productivity effects of privatization: The case of Polish cooperatives," International Review of Financial Analysis, Elsevier, vol. 16(4), pages 354-366.

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