Ownership and Size as Predictors of Incentive Plans within Swedish Real Estate Firms
2011 (English)In: Property Management, Vol. 29, no 5, 454-467 p.Article in journal (Refereed) Published
Purpose: This paper seeks to investigate the significance of ownership and firm size as predictors of the prevalence of incentive plans in Swedish real estate firms. Design/methodology/approach: Using survey data for two periods (2003 and 2007), a two-predictor logistic model was fitted to the data to test the relationship between ownership and firm size and the likelihood that a Swedish real estate firm has an incentive plan. Findings: Private sector firms are more likely than government sector firms to use incentive plans. The number of employees was not a significant predictor of which firms were likely to have incentive pay. Research limitations/implications: There are other determinants of incentive pay that were not covered. Practical implications: The absence of incentive pay does not necessarily hamper a firm's ability to attract high-quality workers if they take a broader view of the concept of reward. In addition, public sector workers may be motivated by factors other than monetary reward. Originality/value: This is the first study of the determinants of incentive plans for real estate firms in Sweden.
Place, publisher, year, edition, pages
2011. Vol. 29, no 5, 454-467 p.
performance-related pay, incentive plans, ownership, firm size, real estate, Sweden
IdentifiersURN: urn:nbn:se:kth:diva-29773ScopusID: 2-s2.0-80054840929OAI: oai:DiVA.org:kth-29773DiVA: diva2:397575
Updated from submitted to published. QC 201203262011-02-152011-02-152012-03-26Bibliographically approved