• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Work study >The elusive employee stock option plan-productivity link: evidence from India
【24h】

The elusive employee stock option plan-productivity link: evidence from India

机译：难以捉摸的员工股票期权计划-生产率链接：来自印度的证据

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Purpose - The purpose of this paper is to delineate the effect of employee stock option plan (ESOP)rnon the corporate productivity in view of ever increasing competition among the firms to retain andrnattract qualified and competent manpower in India.rnDesign/methodology/approach - Based on productivity characteristics in pre-ESOP adoptionrnperiod (one year), the research paper studies the ESOP impact on corporate productivity in a three yearrnpost adoption period for a sample of 202 listed Indian companies. Nearly half of these companies (99rncompanies) were classified into control group (non-ESOP companies) and the others (103 companies)rnwere categorized as experimental group (ESOP companies). Asset turnover ratio (ATO), based on thernexhaustive literature survey, was identified and considered exclusive productivity parameter in thisrnresearch. The significance of productivity differentials among the control and experimental groupsrnwere tested using the Wilcoxon Signed Rank test.rnFindings - The empirical evidence supports the hypothesis that ESOP does not improve thernproductivity performance of Indian corporate sector in short-run. Furthermore, the variation of the twornrespective variables is not significant at any level of risk against the alternate hypothesis for 103 ESOPrncompanies.rnResearch limitations/implications - The results reported in the study are based on the singlernproductivity parameter (ATO) for three year post ESOP measurement period, which is also limitingrnfactors for obvious reasons.rnPractical implications - The outcomes of the study have wider implications for the HRrnprofessionals (designing a prudent ESOP plan), HR executives (ESOP implementations and its pitfalls)rnand the corporate-employee combine for enriching mutual benefits for harmonious industrial relations.rnOriginality/value - The research paper under consideration is expected to be a valuablerncontribution to the existing literature and to different stakeholders identified above.
机译：目的-本文的目的是描述员工持股计划（ESOP）对公司生产力的影响，鉴于公司之间不断增加的竞争以保留和吸引印度合格和称职的人力。设计/方法/方法-基于在采用ESOP之前（一年）的生产率特征方面，该研究针对采用202家印度上市公司的样本，研究了采用ESOP三年后对ESOP的影响。这些公司（99家公司）中将近一半被划分为对照组（非ESOP公司），其他公司（103家公司）被归为实验组（ESOP公司）。在详尽的文献调查的基础上，确定了资产周转率（ATO），并在此研究中将其视为排他的生产率参数。对照组和实验组生产率差异的显着性使用Wilcoxon Signed Rank检验进行了检验。发现-经验证据支持以下假设：ESOP短期内不会提高印度公司部门的生产率表现。此外，在针对103个ESOP公司的另一种假设的任何风险水平下，这两个变量的变化均不显着。研究限制/含义-该研究报告的结果基于ESOP测量后三年的单一生产率参数（ATO）实际意义-研究结果对HR专业人士（设计审慎的ESOP计划），HR高管（ESOP实施及其陷阱）和公司员工相结合，以丰富彼此之间的关系原创性/价值-所审议的研究论文有望为现有文献和上文确定的不同利益相关者做出宝贵的贡献。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号