Taking an international comparative approach, this chapter investigates the variance in the adoption of employee share ownership and stock option arrangements across countries. In particular, we investigate the influence of multinational enterprises (MNEs), industrial relations factors, HRM strategies, and market economies on the adoption and spread of the arrangements across countries. We find that industrial relations factors do not explain the variance in adoption by companies in their respective countries. MNEs and HRM strategies are important drivers of adoption. Market economy does not moderate the influence of MNEs on adoption, suggesting that MNEs universally apply the arrangements across borders.
We thank the partners of the CRANET network for providing the data and the Cranfield School of Management for coordinating the network.
Poutsma, E., Ligthart, P.E.M. and Veersma, U. (2017), "How Has Employee Share Ownership Evolved in the Global Context?", Sharing in the Company (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Vol. 17), Emerald Publishing Limited, Bingley, pp. 77-123. https://doi.org/10.1108/S0885-33392016000017007
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