Employee financial participation in businesses: Is it worth discussing?
Employee financial participation in businesses: Is it worth discussing?

Summary/Abstract: This paper reviews the achievements in the area of employee financial participation (EFP) during the last fifty years. It addresses the question of the extent to which EFP is relevant in today’s world. EFP is distinguished from participation in management (industrial democracy), and the various types of EFP are discussed. The major arguments for EFP are presented and discussed critically. The major forms of EFP, the scope and scale of their operation in several advanced economies are described. The efforts of European Union institutions to popularize the idea in all member countries are illustrated. Showing that EFP has become a broadly recognized principle of modern management in thousands of enterprises, we consider chances for disseminating these solutions on a wider scale, in particular in Poland. Finally, a number of directions for further research on financial participation are considered.

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