The re-examination of the relationship between employee stock ownership and voluntary employer change intention in Taiwan |
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| Authors: | An-Tien Hsieh Li-Ling Liu |
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| Affiliation: | 1. Professor of Management and Vice President , Da-Yeh University , Chang-Hua, Taiwan , R.O.C. E-mail: hsiehat@mail.dyu.edu.tw;2. Office of Student Affairs , National Chenchi University , No. 61 Alley 65, Sec 1, Hsing Kuang Rd, Taipei, Taiwan E-mail: karenliu@nccu.edu.tw |
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| Abstract: | Although past literature had provided inconsistent conclusions as to whether or not employee stock ownership (ESO) can serve the function of employee retention, this paper proposes that the reason for such inconsistency lies in the inability to clarify ESO characteristics. Therefore, this study examines the relationship between ESO and voluntary employer change intention from the viewpoint of vested and portable characteristics. Study results indicated that vested ESO achieves the function of employee retention. However, when vested ESO is also portable, employees tend to spend more efforts searching for external ESO alternatives, which reinforce their voluntary employer change intention. |
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| Keywords: | Employee stock ownership employer change vested portable |
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