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Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
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Equity-based employee rewards are rare in small andmedium-sized enterprises (SMEs) in the United Kingdom.The most popularforms of employee share ownership (ESO) schemes are outlined, and the dearth ofsuch share schemes in small businesses is attributed to twofactors.First, share ownership...
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Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
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