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The Impact of Stock Purchase Plan Participation on Workers' Individual Cash Compensation


Stephane Renaud


University of Montreal

Michel Magnan


Concordia University - Department of Accountancy

Sylvie St-Onge


HEC Montreal

Industrial Relations: A Journal of Economy and Society, Vol. 43, No. 1, pp. 120-147, January 2004

Abstract:     
This study investigates if stock purchase plan participation within an organization leads to (1) an increase in workers' individual cash compensation through enhanced individual job performance and (2) an increase in individual cash compensation beyond the cash compensation increase obtained through enhanced individual job performance. The sample consists of 5385 worker-year observations from a major financial institution. Results are consistent with the study's two hypotheses.

Number of Pages in PDF File: 28

Accepted Paper Series


Date posted: March 23, 2004  

Suggested Citation

Renaud, Stephane, Magnan, Michel and St-Onge, Sylvie, The Impact of Stock Purchase Plan Participation on Workers' Individual Cash Compensation. Industrial Relations: A Journal of Economy and Society, Vol. 43, No. 1, pp. 120-147, January 2004. Available at SSRN: http://ssrn.com/abstract=513191

Contact Information

Stephane Renaud (Contact Author)
University of Montreal ( email )
C.P. 6128, succursale Centre-Ville
Montreal, Quebec H3C 3J7
Canada
Michel Magnan
Concordia University - Department of Accountancy ( email )
Montreal, Quebec H3G 1M8
Canada
Sylvie St-Onge
HEC Montreal ( email )
3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H3T 2A7
Canada
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