Author: Hsieh An-Tien Liu Li-Ling
Publisher: Routledge Ltd
ISSN: 1466-4399
Source: International Journal of Human Resource Management, Vol.17, Iss.1, 2006-01, pp. : 174-189
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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.