haku: @indexterm PRODUCTION FUNCTION / yhteensä: 99
viite: 6 / 99
| Tekijä: | Jones, D. C. Kato, T. |
| Otsikko: | Employee stock ownership plans and productivity in Japanese manufacturing firms. |
| Lehti: | British Journal of Industrial Relations
1993 : SEP, VOL. 31:3, p. 331-346 |
| Asiasana: | STOCK MARKETS PRODUCTION FUNCTION COMPANY PERFORMANCE |
| Kieli: | eng |
| Tiivistelmä: | By using a large new enterprise-level data set, and evidence drawn from case studies, it is shown that Japanese employee stock ownership plans (ESOPs) are a pervasive and neglected institution. In 1988, more that 90 % of all firms listed on Japanese stock markets had an ESOP, and close to 50 % of the labour force in firms with ESOPs participated in the plan. Micro data and a production function framework are used to examine the effects on business performance of ESOPs. On average, the net effect of introducing an ESOP is to increase productivity by almost 7 %. |
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