haku: @indexterm Employment contracts / yhteensä: 202
viite: 22 / 202
| Tekijä: | Chaplinsky, S. Greg Niehaus, G. Gucht, L. van de |
| Otsikko: | Employee buyouts: causes, structure, and consequences |
| Lehti: | Journal of Financial Economics
1998 : JUN, VOL. 48:3, p. 283-332 |
| Asiasana: | EMPLOYMENT CONTRACTS EXECUTIVES HUMAN RESOURCE MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The paper presents investigations of the motivations for and consequences of including a group of employees in leveraged buyouts by comparing employee buyouts (or EBOs) to transactions where only top level managers participate, or management buyouts (or MBOs). The implications of including employees in a buyout from a labor contracting, financing, and management control point of view. A major finding is that employee participation helps to finance the buyout. There is also evidence consistent with managers including employees to maintain or enhance incumbent management's control. |
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