Michael Poole’s scientific contributions

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Publications (1)


Profit Sharing and Share Ownership Schemes in Britain
  • Article

January 1988

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4 Reads

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2 Citations

Management Research News

Michael Poole

Profit-sharing and employee share ownership schemes have attracted great interest in the 1980s. The findings of the first phase of a Department of Employment study which involved a large-scale investigation of British companies is reported. Details on the operation, coverage and type of scheme which had been adopted were gathered for 822 firms and extended interviews were conducted with a further 303 firms. A highly varied rate of adoption of schemes in different industrial sectors and with diverse economic and industrial relations experiences is revealed. If further advances in profit-sharing and share ownership are considered to be worthwhile, policy initiatives should be centred on the medium and smaller companies in Britain. Considerable efforts outside the financial sector are necessary to effect any marked acceleration of profit-sharing and share ownership. If future developments are envisaged senior management of the main types of enterprise are a vital target group. Foreign-based companies should also be encouraged to embark on profit-sharing or share ownership. If the advancement of more specific Inland Revenue APS schemes is to become general policy, information and advice for companies outside the financial sector is needed.

Citations (1)


... Indeed, the introduction of FP in the absence of regular briefings and worker-management communication on those factors affecting performance may act to undermine trust and has been seen as divisive. Yet, the existing studies that find a positive correlation between measures of FP and productivity (for the UK, see Blanchflower and Oswald 1988;Cable andWilson 1989, 1990;FitzRoy and Kraft 1987;Poole 1986) are unable to determine whether or not FP will only improve productivity when combined with PC or whether PC works to improve productivity without financial incentives. Even if such complementarities do exist, little is known about which specific combinations of the different FP and PC systems are best suited to improving firm-level productivity. ...

Reference:

Employee Financial Participation and Productivity: An Empirical Reappraisal
Profit Sharing and Share Ownership Schemes in Britain
  • Citing Article
  • January 1988

Management Research News