Anzeige
Erschienen in:
2008 | OriginalPaper | Buchkapitel
Profit Sharing and the Financial Performance of Firms
Erschienen in: Profit Sharing and Company Performance
Verlag: Gabler
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Our previous findings take us straight to the next question. The empirical results in chapter 5 pointed to significantly higher output and employment growth due to the introduction of profit sharing. Productivity growth, however, was only insignificantly affected. Kraft and Ugarkovic’s (2005) theoretical model provided an explanation: Profit sharing leads to an increase in productivity which induces firms to extend output and employment. With a declining marginal product of labour, however, the estimated productivity level might not differ very much from the one before the introduction of the sharing system.
31