ABSTRACT

We study the determinants of the use of profit sharing schemes (PSS) by private companies, exploiting a firm-level dataset for Germany. First, our results from static regression models replicate studies for the U.S. which report a positive correlation between R&D activity and PSS use. Similar to those studies, we find that a firm’s turnover is strongly associated with PSS use, whereas this does not hold for the age of a firm. Firms with an unionised or more qualified workforce are also associated with PSS use. By exploiting the panel structure of our data, we also provide a novel set of tests by means of dynamic models estimation. The analysis sheds light on the relation between R&D activity, past innovation and PSS use.

摘要

我们利用德国的公司级数据集研究私营公司使用利润分享计划 (PSS) 的决定因素。首先，我们的静态回归模型结果复制了美国的研究，这些研究报告了研发活动和 PSS 使用之间的正相关关系。与这些研究类似，我们发现公司的营业额与 PSS 的使用密切相关，而这并不适用于公司的年龄。拥有工会或更多合格劳动力的公司也与 PSS 的使用有关。通过利用我们数据的面板结构，我们还通过动态模型估计提供了一组新颖的测试。该分析揭示了研发活动、过去的创新和 PSS 使用之间的关系。