Why do employees hold their vested stocks while they can sell them?

NCUIR > School of Management at National Central University > Graduate Institute of Human Resource Management > journal & Dissertation > Item 987654321/29441

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/29441

Title:	Why do employees hold their vested stocks while they can sell them?
Authors:	Liu,NC;Lin,A;Lin,CH
Contributors:	人力資源管理研究所
Keywords:	PSYCHOLOGICAL OWNERSHIP;ECONOMY FIRMS;FINANCIAL PARTICIPATION;EQUITY GRANTS;RISK-ATTITUDE;OPTIONS;COMPENSATION;DETERMINANTS;PERFORMANCE;INCENTIVES
Date:	2009
Issue Date:	2010-06-29 20:24:52 (UTC+8)
Publisher:	中央大學
Abstract:	We proposed an integrated model of risk-balancing arguments and the emergence of psychological ownership to investigate employees' propensity of holding awarded stocks under a broad-based stock incentive plan. Analysis was conducted using a sample of 391 employees of a semiconductor foundry located in Taiwan. The results provided strong indication that psychological ownership motivation contribute to explain employees' willingness to hold vested stocks from broad-based stock plans. This study provide stimulating insight into the psychological mechanisms through which the individual's risk-aversion and wealth effects influence employees' intentions to hold vested stocks and further extends our understanding on how broad-based stock plans can develop an employees sense of ownership.
Relation:	INTERNATIONAL JOURNAL OF HUMAN RESOURCE MANAGEMENT
Appears in Collections:	[Graduate Institute of Human Resource Management ] journal & Dissertation

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