The Determinants of Financial Participation Impact on Firm Performance: A Meta-Regression Approach

Abstract

Financial participation has emerged as a convenient way to converge employees’ interest with that’s of shareholders; it is then presumed to contribute to firm performance. To investigate the determinants of this incentive pay, a meta-regression analysis was conducted. Findings suggest that the relationship between employees’ financial participation and firm performance is influenced by three types of moderating factors related to structural, managerial and organizational characteristics.