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Ownership and size as predictors of incentive plans within Swedish real estate firms

Ownership and size as predictors of incentive plans within Swedish real estate firms 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Property Management Emerald Publishing

Ownership and size as predictors of incentive plans within Swedish real estate firms

Samuel Azasu
Property Management , Volume 29 (5): 14 – Oct 18, 2011
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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
0263-7472
DOI
10.1108/02637471111178137
Publisher site
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Abstract

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.

Journal

Property Management – Emerald Publishing

Published: Oct 18, 2011

Keywords: Performance related pay; Incentive plans; Ownership; Firm size; Real estate; Sweden; Incentive schemes

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