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

28 Pages Posted: 23 Mar 2004  

Stephane Renaud

University of Montreal

Michel Magnan

Concordia University - Department of Accountancy

Sylvie St-Onge

HEC Montreal

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.

Suggested Citation

Renaud, Stephane and 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: https://ssrn.com/abstract=513191

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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