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Context, market economies and MNEs: The example of financial incentivization

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  • Walker, James
  • Wood, Geoff
  • Brewster, Chris
  • Beleska-Spasova, Elena

Abstract

This is a study of the relative utilization of reward systems within and between capitalist archetypes: the study includes not only a closer focus on diversity within and between coordinated market economies, but pays specific attention to the Japanese case, and a systematic comparison of the reward practices adopted by multinational enterprises vis-à-vis their local peers. The study uses the most recent (at the time of writing) wave of the Cranet international survey of HRM. We found clear, firm-level evidence that share schemes and performance related pay exhibit significant differences both within and between varieties of capitalism, highlighting the extent to which key features of reward system continue to vary according to institutional setting, and whether an organization is multinational or not.

Suggested Citation

  • Walker, James & Wood, Geoff & Brewster, Chris & Beleska-Spasova, Elena, 2018. "Context, market economies and MNEs: The example of financial incentivization," International Business Review, Elsevier, vol. 27(1), pages 21-33.
    • Handle: RePEc:eee:iburev:v:27:y:2018:i:1:p:21-33
    DOI: 10.1016/j.ibusrev.2017.04.006
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    Cited by:

    1. Rosalia Diaz-Carrion & Noelia Franco-Leal, 2022. "Social and strategic innovation: extending the varieties of capitalism to asian countries," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1453-1474, December.
    2. Houldsworth, Elizabeth & Marra, Marianna & Brewster, Chris & Brookes, Michael & Wood, Geoffrey, 2021. "Performance appraisal and MNEs: The impact of different capitalist archetypes," International Business Review, Elsevier, vol. 30(5).

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