haku: @indexterm Corporate finance / yhteensä: 722
viite: 274 / 722
| Tekijä: | Zetzsche, A.G. |
| Otsikko: | ESOP - Ein steuerbegunstigtes Finanzierungs- und Mitarbeiter- Beteiligungsmodell aus den USA |
| Lehti: | Zeitschrift für Betriebswirtschaft
1991 : AUG, VOL. 61:8, p. 833-841 |
| Asiasana: | SHARE INCENTIVE SCHEMES CORPORATE FINANCE TAX ALLOWANCES WORKER PARTICIPATION USA |
| Kieli: | ger |
| Tiivistelmä: | Originally structured as an instrument for promoting employee stock ownership the tax privileged employee stock ownership program (ESOP) financing has been also developed as an instrument of corporate finance in the USA. The investment and commercial banks have used ESOPs particularly in the last two years for many transactions. However, the special attraction of establishing an ESOP is due to tax incentives. The budget reduction measures which have been passed in Congress in November 1989 will have an impact on the financial structure of ESOP transactions. However, it is noteworthy that amortization payments applied to the servicing of the ESOP loan will remain deductible, so that companies will have the respective benefits. |
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