Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.

Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.

This study aimed to analyze the impact of employee ownership on the organizationalperformance of state-owned firms with the mediation of employee loyalty, motivation andsatisfaction, and psychological ownership as a moderator in Pakistan. Agency theory is used as atheoretical underpinning to operati...

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Main Author: Javed, Tariq
Format: thesis
Language:eng
Published: 2021
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H Social Sciences (General)
Online Access:https://ir.upsi.edu.my/detailsg.php?det=5859
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institution Universiti Pendidikan Sultan Idris
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topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Javed, Tariq
Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
description This study aimed to analyze the impact of employee ownership on the organizationalperformance of state-owned firms with the mediation of employee loyalty, motivation andsatisfaction, and psychological ownership as a moderator in Pakistan. Agency theory is used as atheoretical underpinning to operationalize the research framework. This study employedquantitative research design. The data was collected through primary and secondary datacollection tools. For primary data, a survey was conducted on a sample of 283 employees of thestate-owned firms under the scheme of employee ownership. The secondary data was collected forfinancial performance, productivity, and financial cost. The findings showed a significant,positive impact of employee ownership on net profit margin (=1.3198), return on assets(=1.167), and productivity (=0.0087), while the negative impact on financial cost (=-0.0654) aspredicted. Mixed findings are shown for moderated-mediation analysis for each mediating variables (p=0.0236, p=0.1268, p=0.0427) and moderation (p=0.0247, p=0.1183, p=0.0448).Consequently, the impact of employee ownership on public limited companies is significant ascompared to private limited companies. Based on the findings, it can be concluded that employeeownership impacts the organizational performance of the state-owned companies in Pakistan.The findings of this study have several implications for companies and policymakers.The reshaped equity structure of state-owned companies will contribute to national development through investment in human capital (employees). Results alsoindicated that granting ownership rights to employees and involving them in the decision-makingprocess will improve the performance of state-owned entities. The state-players need to designtheir policy as per companies objectives and design to improve organizationalperformance. This study also provided recommendations to improve the employee ownershipscheme in Pakistan. The shares provided to the employees must have transferability powerand buyback options. The newly recruited and existing employeescan be motivated through maximum benefits on the dividends.
format thesis
qualification_name
qualification_level Doctorate
author Javed, Tariq
author_facet Javed, Tariq
author_sort Javed, Tariq
title Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
title_short Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
title_full Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
title_fullStr Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
title_full_unstemmed Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
title_sort employee ownership and performance of state-owned entities of pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction.
granting_institution Universiti Pendidikan Sultan Idris
granting_department Fakulti Pengurusan dan Ekonomi
publishDate 2021
url https://ir.upsi.edu.my/detailsg.php?det=5859
_version_ 1747833232550789120
spelling oai:ir.upsi.edu.my:58592021-04-16 Employee ownership and performance of state-owned entities of Pakistan: a moderated mediation analysis of psychology ownership, loyalty, motivation and satisfaction. 2021 Javed, Tariq H Social Sciences (General) This study aimed to analyze the impact of employee ownership on the organizationalperformance of state-owned firms with the mediation of employee loyalty, motivation andsatisfaction, and psychological ownership as a moderator in Pakistan. Agency theory is used as atheoretical underpinning to operationalize the research framework. This study employedquantitative research design. The data was collected through primary and secondary datacollection tools. For primary data, a survey was conducted on a sample of 283 employees of thestate-owned firms under the scheme of employee ownership. The secondary data was collected forfinancial performance, productivity, and financial cost. The findings showed a significant,positive impact of employee ownership on net profit margin (=1.3198), return on assets(=1.167), and productivity (=0.0087), while the negative impact on financial cost (=-0.0654) aspredicted. Mixed findings are shown for moderated-mediation analysis for each mediating variables (p=0.0236, p=0.1268, p=0.0427) and moderation (p=0.0247, p=0.1183, p=0.0448).Consequently, the impact of employee ownership on public limited companies is significant ascompared to private limited companies. Based on the findings, it can be concluded that employeeownership impacts the organizational performance of the state-owned companies in Pakistan.The findings of this study have several implications for companies and policymakers.The reshaped equity structure of state-owned companies will contribute to national development through investment in human capital (employees). Results alsoindicated that granting ownership rights to employees and involving them in the decision-makingprocess will improve the performance of state-owned entities. The state-players need to designtheir policy as per companies objectives and design to improve organizationalperformance. This study also provided recommendations to improve the employee ownershipscheme in Pakistan. The shares provided to the employees must have transferability powerand buyback options. The newly recruited and existing employeescan be motivated through maximum benefits on the dividends. 2021 thesis https://ir.upsi.edu.my/detailsg.php?det=5859 https://ir.upsi.edu.my/detailsg.php?det=5859 text eng closedAccess Doctoral Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi Addison, T.J. & Belfield, R.C. (2000). The impact of financial participation andemployee involvement in financial performance: A re-estimation using the 1998 WERS. 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