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Tekijä: | Chang, S. |
Otsikko: | Employee stock ownership plans and shareholder wealth: an empirical investigation |
Lehti: | Financial Management
1990 : SPRING, VOL. 19:1, p. 48-58 |
Asiasana: | GEARING MERGERS EMPLOYEE STOCK OWNERSHIP |
Kieli: | eng |
Tiivistelmä: | Assessment of adoption of employee stock ownership plans /ESOPs/ related to leveraged buyouts, wage commissions, employee benefits plans and wealth losses connected with takeover defences. Definition of an ESOP. Tax benefits. Data and methodology. Results from full sample. Results from LBO firms and wage concession subsample. Impact of ESOP defence on shareholder wealth. Results for the employee benefit plan. Eight Exhibits illustrate the study. |
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