DARBUOTOJŲ FINANSINIO DALYVAVIMO LIETUVOJE RAIDA IR FORMOS: ĮMONIŲ AKCIJŲ IR PELNO PASIDALIJIMO PROGRAMOS BEI PRIEMONĖS

Abstract

The article analyses the development of employee financial participation in Lithuania, describes the legal environment of financial participation, and supports this participation. Two methods were used to analyse employee financial participation: 1) the method of logical analysis in examining the internal documents of companies; 2) the qualitative research methods of focus group and semi-structured individual interviews. Theories of the agency and stakeholders were used to analyse the data collected. These theories are usually applied in research in an integrated way, analysing employee financial participation to elucidate the phenomenon of employee ownership, and examining the agent’s performance. It has been established that in Lithuania four employee share ownership programmes and plans usually apply: extensive employee share option programmes (granted to public limited companies whose shares are traded on stock exchanges); granting employee stock options to executives (so-called executive stock option programmes and one-time decisions); stock option programmes in start-ups; and shares granted by shareholders to employees.