Motives For Employee Profit Sharing Schemes In The U.S., U.K. And Canada

Daneshfar, Alireza; Simyar, Farhad; Rolleri, Michael; Wnek, Robert E.

doi:10.19030/iber.v9i10.634

Cited by 3 publications

(7 citation statements)

References 26 publications

(25 reference statements)

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“…Another type of agricultural financing is profit sharing among the stakeholders involved in the agricultural activities with several motives such as labor productivity, cost monitoring, and wage flexibility (Daneshfar et al, 2010). Labor productivity is achieved through higher employees motivation and involvement whereas monitoring system occurs because the employees could observe the actions of other employees.…”

Section: Research Frameworkmentioning

confidence: 99%

“…Figure 3 illustrates the structure of mudarabah Sukuk. In line with Daneshfar et al (2010) and Dusuki (2010), a profit sharing arrangement is proposed for the agricultural development in the research area as can be seen in Figure 4. The investor and the farmers/land-owners signed an agreement to utilize investor's fund for the agricultural development.…”

Section: Research Frameworkmentioning

confidence: 99%

“…Therefore, it is the interest of this research to explore a financing model for agricultural development to fairly treat these smallholder farmers. Daneshfar et al (2010) suggested that one of financing arrangement that give a fair treatment is profit sharing among the stakeholders involved in the agricultural activities. There are several motives for the adoption of profit sharing such as labor productivity, cost monitoring, and wage flexibility.…”

Section: Introductionmentioning

confidence: 99%

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The Role of Sukuk Financing for Sustainable Development of Smallholder Farmers

Soeleman¹,

Lestari²

2015

AABFJ

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The greatest advance made by mankind was probably the agricultural revolution that has been developed into agricultural development along with population growth in the forms of agricultural expansion and agricultural intensification. The global land grab driven by the acquisition of land has caused radical changes in the use and ownership of land and has important implications for equitable and sustainable development in which local people have been moved to marginal locations. To ensure that the agricultural activities are sustained, a balance of three concepts of people, planet, and profit (3P) are critical to achieve long term social, environmental, and economic issues. One of recently popular instruments to fairly treat the people is an equity based Sukuk in which profit will be shared based on pre-agreed ratio between the investors and the people involved. In term of conservation of planet, strategy in selecting the agricultural commodities and the timing of harvesting are critical. An investment decision-making process by using agricultural appraisal process is established to ensure that the agricultural activities are financially profitable. Abstract:The greatest advance made by mankind was probably the agricultural revolution that has been developed into agricultural development along with population growth in the forms of agricultural expansion and agricultural intensification. The global land grab driven by the acquisition of land has caused radical changes in the use and ownership of land and has important implications for equitable and sustainable development in which local people have been moved to marginal locations. To ensure that the agricultural activities are sustained, a balance of three concepts of people, planet, and profit (3P) are critical to achieve long term social, environmental, and economic issues. One of recently popular instruments to fairly treat the people is an equity based Sukuk in which profit will be shared based on pre-agreed ratio between the investors and the people involved. In term of conservation of planet, strategy in selecting the agricultural commodities and the timing of harvesting are critical. An investment decision-making process by using agricultural appraisal process is established to ensure that the agricultural activities are financially profitable.

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Section: Research Frameworkmentioning

confidence: 99%

Section: Research Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Role of Sukuk Financing for Sustainable Development of Smallholder Farmers

Soeleman¹,

Lestari²

2015

AABFJ

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“…• United States: Profit-sharing schemes, on a voluntary basis, take on several forms in the United States: (i) the cash plan, under which contributions are paid directly to employees in the form of cash or stock; (ii) the deferred plan, which works as a supplementary insurance plan, so the share that the company credits to the plan can be made effective at the retirement, disability, death, etc. of the employee; (iii) and the combination plan, under which the employee can defer all or part of the profit-sharing allocation as in the deferred plan or can use it in cash (Daneshfar et al, 2010).…”

Section: … and A More Equal Distribution Of The Gainsmentioning

confidence: 99%

“…• Moreover, profit sharing could reduce firms' monitoring costs through the generation of peer pressure. Studies have shown that where there is a profit-sharing scheme, employees have an incentive to observe the actions of their peers because the behaviour of each employee has an impact on the output of the company and, therefore, on the earnings of the rest of the employees (Daneshfar et al ., 2010;Kandel and Lazear, 1992).…”

Section: … and A More Equal Distribution Of The Gainsmentioning

confidence: 99%

Making profits work for investment and jobs

2011

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Collective Pay for Performance: A Cross-Disciplinary Review and Meta-Analysis

Nyberg

Maltarich

Abdulsalam

et al. 2018

Journal of Management

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Rewarding collective outcomes has become an increasingly important strategic motivational tool for driving collective success, reflecting the insight that paying employees for individual contributions does not always optimize performance in collective endeavors. Research into different types of collective pay for performance (PFP), or pay that is contingent on collective outcomes, has been studied in diverse academic fields (e.g., economics, strategy, psychology), but the compartmentalization between these academic disciplines hinders conceptual coordination. To advance this research and its related insights, this article provides a review of the theory and evidence pertaining to the relationships between different collective PFP types and collective outcomes. We also provide a meta-analysis that shows that collective PFP has desirable outcomes (e.g., meta-analysis shows an overall ρ = 0.11; p < .001), substantiating the value of studying collective PFP separately from individual PFP. The review also reveals a lack of empirical and theoretical development and highlights the need for a comprehensive theory of collective PFP. Our cross-disciplinary review of 106 empirical articles builds a foundation for advancing common pursuits, integrating knowledge, and creating theory. The consolidated perspectives point to promising directions for future research.

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Motives For Employee Profit Sharing Schemes In The U.S., U.K. And Canada

Abstract: ABSTRACT

Cited by 3 publications

References 26 publications

The Role of Sukuk Financing for Sustainable Development of Smallholder Farmers

The Role of Sukuk Financing for Sustainable Development of Smallholder Farmers

Making profits work for investment and jobs

Collective Pay for Performance: A Cross-Disciplinary Review and Meta-Analysis

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