Employee stock ownership plans (ESOPs): an international comparison and analysis
Surveys the development of employee stock ownership plans (ESOPs) in the USA, Canada, Japan and the EU. Suggests that ESOPs are driven by management in the USA but are culturally approved by both sides of industry in Japan. Describes the European system as emphasizing profit sharing instead because...
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| Veröffentlicht in: | Managerial finance 1998, Vol.24 (4), p.19-29 |
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| container_title | Managerial finance |
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| creator | Clark, Roger W Philippatos, George C |
| description | Surveys the development of employee stock ownership plans (ESOPs) in the USA, Canada, Japan and the EU. Suggests that ESOPs are driven by management in the USA but are culturally approved by both sides of industry in Japan. Describes the European system as emphasizing profit sharing instead because of traditional polarity between management and workers. Concludes that the propensity to save, risk aversion and industrial relations are more important factors than tax or business climate. |
| doi_str_mv | 10.1108/03074359810765453 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0307-4358 |
| ispartof | Managerial finance, 1998, Vol.24 (4), p.19-29 |
| issn | 0307-4358 1758-7743 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_30993677 |
| source | Emerald Complete Journals; Emerald Insight |
| subjects | Employee ownership Employee stock ownership plans Employers Employment ESOP Foreign subsidiaries Participation Productivity Profit sharing plans Shareholder voting Statistical analysis Stock exchanges Studies Success Tax cuts Tax incentives Value added |
| title | Employee stock ownership plans (ESOPs): an international comparison and analysis |
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