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The Stock Market and Human Resource Management: Evidence from a Survey of French Establishments

Published online by Cambridge University Press:  17 August 2016

Corinne Perraudin ,
Héloïse Petit  and
Antoine Rebérioux
Corinne Perraudin
Affiliation:
Centre d'Etudes de I'Emploi (CEE) and CES (CNRS, Université Paris I); corinne.perraudin@mail.enpc.fr
Héloïse Petit
Affiliation:
Centre d'Etudes de I'Emploi (CEE) and CES (CNRS, Université Paris I); heloise.petit@univ-paris1.fr
Antoine Rebérioux
Affiliation:
EconomiX (CNRS, Université Paris X); antoine.reberioux@u-paris10.fr
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Summary

This article examines the influence of equity ownership structure (stock market listing and identity of shareholders) on human resource management practices. The empirical analysis uses the 2004-2005 Workplace Industrial Relations Survey (REPONSE survey), based on a sample of 2930 establishments with 20 employees or more, representative of the French private sector. Our findings confirm the importance of listing and, to a lesser extent, of the identity of shareholders as determinants of human resource management practices, considering temporary work arrangements (agency work, fixed-term contracts and sub-contracting), pay policy (wage levels and use of variable pay) and training expenditures.

Résumé

Résumé

Cet article étudie l'influence de la structure de propriété des entreprises (cotation et identité des actionnaires) sur la gestion de l'emploi. Nous utilisons l'enquête REPONSE 2004-2005, fondée sur un échantillon de 2930 établissements de 20 salariés et plus, représentatif du secteur marchand français. L'analyse économétrique confirme l'importance de la propriété comme déterminant de la gestion de l'emploi, que ce soit en termes de for-mes temporaires de mobilisation du travail (recours à l'intérim, aux CDD et à la sous-traitance), de politique salariale (niveau des rémunérations et usage de primes) ou de formation.

Keywords

gouvernance d'entreprisepropriété socialegestion de l'emploiG34J3M5corporate governanceownership of equity capitalhuman resource managementG34J3M5
Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 74 , Issue 4 , 2008 , pp. 541 - 581
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 2008 

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