Participating in broad-based share plans The influence of knowledgeability on incidence of broad-based share plans moderated by the cultural dimension Long-Term Orientation

dc.contributor.advisorPoutsma, E
dc.contributor.authorGeluk, Aron
dc.description.abstractIn the first chapter the topic employee share ownership, or more precisely broad-based share plans, is introduced. According to recent studies, employee share ownership could be the new model to finally reduce the gap between poor and rich. Past research mentioned different determinants of ESO, most prominently on a country-level. However, the incidence of firms that participate in employee share ownership stays behind. The main question of this study is as follows: “to what extent is incidence of broad-based share plans by firms determined by knowledgeability of firms personnel and what will be the moderating effect of the national cultural value Long-Term Orientation on the relationship of knowledgeability and broad-based share plan incidence”. Chapter two seeks theoretical background and answers to the main question. This thesis starts with investigating if knowledgeability of personnel on a firm level effects the incidence of firms in broad-based share plans. Based on theory, the relationship is expected to be positive. Indicating that firms with higher knowledgeable personnel are predicted to have higher incidence in broad-based share plans. Chapter two proceeds with the national cultural value Long-Term Orientation. Hypothesized is that LTO positively influences incidence of broad-based share plans, as higher scores of LTO indicate that these nations are more willing to plan for the future and make decisions in the present time that positively influence the future. In the end of chapter two, a third hypothesis is tested. The expectation is that LTO moderates the effect of knowledgeable personnel in a firm on incidence of broad-based share plans. Based on data of the large HRM network CRANET, a multilevel regression analysis is conducted. The sample contained over 4539 firms in 33 countries. The results only partly support the first hypothesis as education level of the firm and training days employees receive positively affect broad-based share plans. The third indicator, payroll cost spent on training, has a negative influence. The second hypothesis is supported with data, whereas the last hypothesis is only partly supported. There is a slight moderation effect of LTO, only significant for payroll cost spent on training. By testing the relationship between knowledge, Long-Term Orientation and broad-based share plans this research contributes to the employee share ownership literature within the field of HRM.en_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationInternational Businessen_US
dc.thesis.studyprogrammeMaster Business Administrationen_US
dc.titleParticipating in broad-based share plans The influence of knowledgeability on incidence of broad-based share plans moderated by the cultural dimension Long-Term Orientationen_US
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