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styles. We conduct an empirical study to examine employees of a German multinational corporation at its locations in China …, Germany, Japan, and the U.S. We find that employees from these countries have different preferences on incentives and …
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Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But...
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