share plans

Publication date: 11 Apr 2014 | Publication type: Conference and seminar output | Theme: Employment & Social policy | Authors: Bryson, A | External authors: Freeman, R. B.
Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP).  The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort.  But...
Publication date: 31 Aug 2010 | Publication type: NIESR Discussion Paper | Authors: Bryson, A | External authors: Freeman, R. | JEL classification: D83; H3; I22; J33; J54 | NIESR discussion paper number: 361
Many firms encourage employees to own company stock through share plans that subsidise the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...