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...

A small literature has shown that individual wellbeing varies with the price of company stock, but it is unclear whether this is due to wealth effects among those holding stock, or more general effects on sentiment, with individuals taking rising stock prices as an indicator of improvements in...

Profit‐sharing and employee share ownership schemes have attracted great interest in the 1980s. The findings of the first phase of a Department of Employment study which involved a large‐scale investigation of British companies is reported. Details on the operation, coverage and type of...