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The Impact of Financial Participation and Employee Involvement on Financial Performance: a Re‐estimation Using the 1998 Wers

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  • John T. Addison
  • Clive R. Belfield

Abstract

This note re‐iterates McNabb and Whitfield’s (1998) empirical investigation of the relationship between workplace performance and various indicators of employee involvement. McNabb and Whitfield used the 1990 WIRS, whereas our re‐estimation is for the 1998 WERS. Our results differ sharply from theirs; in particular, we discern no significant association between downward communication and firm performance, nor do we find that employee share ownership and profit related pay are substitutes. More generally, our findings underscore the difficulty of specifying the relationship between firm performance and employee involvement that is amply reflected in the diversity of findings in the wider literature.

Suggested Citation

  • John T. Addison & Clive R. Belfield, 2000. "The Impact of Financial Participation and Employee Involvement on Financial Performance: a Re‐estimation Using the 1998 Wers," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(5), pages 571-583, November.
    • Handle: RePEc:bla:scotjp:v:47:y:2000:i:5:p:571-583
    DOI: 10.1111/1467-9485.00179
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    Citations

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    Cited by:

    1. David Metcalf, 2002. "Unions and Productivity, Financial Performance and Investment: International Evidence," CEP Discussion Papers dp0539, Centre for Economic Performance, LSE.
    2. Leila Baghdadi & Rihab Bellakhal & Marc-Arthur Diaye, 2016. "Financial Participation: Does the Risk Transfer Story Hold in France?," British Journal of Industrial Relations, London School of Economics, vol. 54(1), pages 3-29, March.
    3. Kiu-Sik Bae & Hiroyuki Chuma & Takao Kato & Dong-Bae Kim & Isao Ohashi, 2011. "High Performance Work Practices and Employee Voice: A Comparison of Japanese and Korean Workers," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 50(1), pages 1-29, January.
    4. S. Dobbelaere, 2003. "Joint Estimation of Price-Cost Margins and Union Bargaining Power for Belgian Manufacturing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/171, Ghent University, Faculty of Economics and Business Administration.
    5. Gray, Helen, 2002. "Family-friendly working: what a performance! An analysis of the relationship between the availability of family-friendly policies and establishment performance," LSE Research Online Documents on Economics 20082, London School of Economics and Political Science, LSE Library.
    6. Hussain Bakhsh Magsi & Tze San Ong & Jo Ann Ho & Ahmad Fahmi Sheikh Hassan, 2018. "Organizational Culture and Environmental Performance," Sustainability, MDPI, vol. 10(8), pages 1-17, August.
    7. Blanchflower, David G. & Bryson, Alex, 2008. "Union decline in Britain," LSE Research Online Documents on Economics 19603, London School of Economics and Political Science, LSE Library.
    8. Kato, Takao & Owan, Hideo, 2011. "Market characteristics, intra-firm coordination, and the choice of human resource management systems: Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 375-396.
    9. Bryson, Alex & Freeman, Richard B., 2007. "Doing the right thing? does fair share capitalism improve workplace performance," LSE Research Online Documents on Economics 4964, London School of Economics and Political Science, LSE Library.
    10. Bryson, Alex, 2001. "Union effects on managerial and employee perceptions of employee relations in Britain," LSE Research Online Documents on Economics 4957, London School of Economics and Political Science, LSE Library.
    11. Patrice Laroche & Heidi Wechtler, 2011. "The Effects of Labor Unions on Workplace Performance: New Evidence from France," Journal of Labor Research, Springer, vol. 32(2), pages 157-180, June.
    12. Zafiris TZANNATOS & Toke S. AIDT, 2006. "Unions and microeconomic performance: A look at what matters for economists (and employers)," International Labour Review, International Labour Organization, vol. 145(4), pages 257-278, December.
    13. Paul E. M. Ligthart & Erik Poutsma & Chris Brewster, 2022. "The development of financial participation in Europe," British Journal of Industrial Relations, London School of Economics, vol. 60(3), pages 479-510, September.
    14. Alex Bryson, 2001. "Union Effects on Workplace Governance 1983 -1998," PSI Research Discussion Series 8, Policy Studies Institute, UK.
    15. Leila Baghdadi & Rihab Bellakhal & Marc-Arthur Diaye, 2012. "Do French firms use financial participation to transfer more risk to their workers?," Documents de recherche 12-10, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    16. Geert Braam & Erik Poutsma, 2015. "Broad-Based Financial Participation Plans and Their Impact on Financial Performance: Evidence from a Dutch Longitudinal Panel," De Economist, Springer, vol. 163(2), pages 177-202, June.

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