Understanding variation in the efficacy of financial participation across Europe: The role of country-level factors

摘要: Little is known about variation in the efficacy of financial participation across countries. This article examines relationship between two types (profit-sharing and employee share-ownership) labour productivity 29 European countries using a representative workplace survey. Consistent with theoretical expectations, profit-sharing associated superior when it open to all employees, whilst evidence for share-ownership more mixed. Analysis reveals considerable both schemes Europe. Country-level collective bargaining coverage has greatest explanatory power accounting cross-country efficacy. In higher levels coverage, performs less well, whereas better, relative lower coverage. These findings shed light on comparative dimension the...