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Ownership and size as predictors of incentive plans within Swedish real estate firms

Samuel Azasu (Department of Real Estate and Construction Management, Royal Institute of Technology, Stockholm, Sweden)

Property Management

ISSN: 0263-7472

Article publication date: 18 October 2011

Abstract

Purpose

This paper seeks to investigate the significance of ownership and firm size as predictors of the prevalence of incentive plans in Swedish real estate firms.

Design/methodology/approach

Using survey data for two periods (2003 and 2007), a two‐predictor logistic model was fitted to the data to test the relationship between ownership and firm size and the likelihood that a Swedish real estate firm has an incentive plan.

Findings

Private sector firms are more likely than government sector firms to use incentive plans. The number of employees was not a significant predictor of which firms were likely to have incentive pay.

Research limitations/implications

There are other determinants of incentive pay that were not covered.

Practical implications

The absence of incentive pay does not necessarily hamper a firm's ability to attract high‐quality workers if they take a broader view of the concept of reward. In addition, public sector workers may be motivated by factors other than monetary reward.

Originality/value

This is the first study of the determinants of incentive plans for real estate firms in Sweden.

Keywords

Citation

Azasu, S. (2011), "Ownership and size as predictors of incentive plans within Swedish real estate firms", Property Management, Vol. 29 No. 5, pp. 454-467. https://doi.org/10.1108/02637471111178137

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited