Understanding Financial Participation across Market Economies

Elaine Farndale, J. Ryan Lamare, Maja Vidović, Amar S. Chauhan

Research output: Contribution to journalArticlepeer-review


Organizations implement a range of financial participation plans to help create a stronger linkage between corporate and individual goals. Although seemingly an organizational-level choice as to what plans are adopted, we argue that institutional constraints at the market economy level of analysis that directly affect worker-firm relationships play a significant role in this choice. Based on organization-level data from nineteen countries, comparisons of the level of profit-sharing and equity-ownership plan use are explained through varieties of capitalism theorizing. The findings indicate the usefulness of this level of analysis in explaining corporate practice in financial participation.

Original languageEnglish (US)
Pages (from-to)402-421
Number of pages20
JournalInternational Studies of Management and Organization
Issue number4
StatePublished - Oct 2 2019


  • equity ownership
  • financial participation
  • institutions
  • profit sharing
  • varieties of capitalism

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management


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