search query: @author FitzRoy, F. R. / total: 7
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| Author: | FitzRoy, F. R. Kraft, K. |
| Title: | Profitability and profit-sharing. |
| Journal: | Journal of Industrial Economics
1986 : DEC, VOL. 35:2, p. 113-130 |
| Index terms: | PROFIT SHARING PROFITABILITY EMPLOYEE STOCK OWNERSHIP STATISTICAL METHODS |
| Language: | eng |
| Abstract: | Theoretical arguments that group incentives can improve motivation and productivity even in large organizations are summarized. Profit sharing can increase efficiency and maintain a superior Nash-equilibrium with strictly individual optimalization. With simultaneous WLS-Tobit estimates strong effects are found of profit-sharing and worker ownership shares on residual owners' return on capital in medium-sized metal working firms in West Germany complementing earlier results on productivity. |
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