Profit-Sharing and the Finances Acts 1978 to 1983: A Case for a Review of Incentives
Article Abstract:
The 1978 to 1983 Finance Acts made new tax concessions available for all employees whose employer companies were willing to introduce an 'approved' form of profit scheme. The effect on personal sector share holding of 1978 and 1980 legislation is unlikely to be great, but clearly the potential is there for these new schemes to affect considerably the shareholding patterns in the companies undertaking them. A look at ICI which has one of the best known and largest running records of profit-sharing, indicates a marked upward trend in appropriations. The establishment of confidence has a great part to play in the future of employee profit-sharing. The period necessary for the establishment of such confidence depends, to a great extent upon: the proportions of companies willing to introduce new scheme profit-sharing, the method companies use in financing shares allocated to employees, and the willingness of of employees to demonstrate their own confidence in themselves and their employers by retaining shares beyond the retention date as well as upon the additional profits generated as a result of improved worker co-operation.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1983
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Disclosure of proprietary information in the course of an acquisition
Article Abstract:
An analysis of disclosure strategies in a game-theoretic model with incomplete information is presented. A general difficulty with game-theoretic models with incomplete information is that there is no clear criterion for eliminating or preferring one or the other equilibrium.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 2001
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