Levels of Employee Share Ownership and the Performance of Listed Companies in Europe
作者： Ansgar Richter , Susanne Schrader
DOI: 10.1111/BJIR.12169
关键词: Business 、 Capital market 、 Labour economics 、 Productivity 、 Economy
摘要: We investigate the effects of employee share ownership (ESO) on three alternative measures firm performance in a panel 1,115 companies from five largest European economies. The results show that firms with ESO enjoy significantly higher levels capital market and accounting than without ESO; however, marginal are declining increasing levels. does not have clear effect productivity. These findings hold for all countries except Spain. Variations within over time exert few effects.
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