The Stock Market and Human Resource Management: Evidence from a Survey of French Establishments

Louvain Economic Review, Vol. 74, Nos. 4-5, 2008

32 Pages Posted: 17 Dec 2008

See all articles by Corinne Perraudin

Corinne Perraudin

Immeuble Le Descartes II - Centre d'Etudes de l'Emploi

Héloïse Petit

affiliation not provided to SSRN

Antoine Reberioux

Université Paris VII Denis Diderot; University Antilles Guyane - Faculty of Law and Economics

Date Written: December 17, 2008

Abstract

This article examines the influence of equity ownership structure (stock market listing and identity of shareholders) on human resource management practices. The empirical analysis uses the 2004-2005 Workplace Industrial Relations Survey (REPONSE survey), based on a sample of 2930 establishments with 20 employees or more, representative of the French private sector. Our findings confirm the importance of listing and, to a lesser extent, of the identity of shareholders as determinants of human resource management practices, considering temporary work arrangements (agency work, fixed-term contracts and sub-contracting), pay policy (wage levels and use of variable pay) and training expenditures.

Keywords: corporate governance, ownership of equity capital, human resource management

JEL Classification: G34, J3, M5

Suggested Citation

Perraudin, Corinne and Petit, Héloïse and Reberioux, Antoine, The Stock Market and Human Resource Management: Evidence from a Survey of French Establishments (December 17, 2008). Louvain Economic Review, Vol. 74, Nos. 4-5, 2008, Available at SSRN: https://ssrn.com/abstract=1317329

Corinne Perraudin

Immeuble Le Descartes II - Centre d'Etudes de l'Emploi ( email )

Noisy Le Grand, 93166
France

Héloïse Petit

affiliation not provided to SSRN

No Address Available

Antoine Reberioux (Contact Author)

Université Paris VII Denis Diderot

2, place Jussieu
Paris, 75005
France

University Antilles Guyane - Faculty of Law and Economics ( email )

Pointe à Pitre
France

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