The impact of financial participation and employee involvement on financial performance

McNabb, Robert and Whitfield, Keith Leslie ORCID: https://orcid.org/0000-0002-1184-5530 1998. The impact of financial participation and employee involvement on financial performance. Scottish Journal of Political Economy 45 (2) , pp. 171-187. 10.1111/1467-9485.00088

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Abstract

In recent years, considerable attention has been given to the impact of various forms of financial participation on financial performance. However, financial participation is only one of a number of different schemes attempting to elicit better performance and is itself heterogeneous. Moreover, financial participation schemes are typically introduced in conjunction with employee involvement schemes and their combined effect can be very different from their individual contributions. Indeed, concentrating on only one type of participation can seriously distort its relationship with financial performance. In this paper, a range of different employee participation schemes is examined, including two types of financial participation. The results indicate that financial participation has important interaction effects with particular types of employee involvement scheme and that the two main types of financial participation scheme have negative interactions. Furthermore, some employee involvement schemes are found to have a lower or even negative relationship with financial performance when introduced in isolation.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Wiley-Blackwell
ISSN:	0036-9292
Last Modified:	28 Oct 2022 08:25
URI:	https://orca.cardiff.ac.uk/id/eprint/70631

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