search query: @author Fitzroy, F. R. / total: 7
reference: 4 / 7
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. |
SCIMA