Employee stock ownership plans : an empirical analysis /
In the last few years, the number of firms adopting Employee Stock Ownership Plans (ESOPs) has grown rapidly, thereby generating new interest in this area. Using a one-day event window, this study examines the wealth effects on stockholders of firms that establish first-time ESOPs. Changes in motiv...
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
[Place of publication not identified] :
[publisher not identified] ;
1993.
|
| Subjects: | |
| Online Access: | http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=746953271&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD |
| Summary: | In the last few years, the number of firms adopting Employee Stock Ownership Plans (ESOPs) has grown rapidly, thereby generating new interest in this area. Using a one-day event window, this study examines the wealth effects on stockholders of firms that establish first-time ESOPs. Changes in motivation, risk, diversification, tax liabilities, and the probability of a takeover may explain these wealth effects. |
|---|---|
| Item Description: | Vita. "Major subject: Finance". |
| Physical Description: | viii, 171 leaves ; 28 cm. |
| Bibliography: | Includes bibliographical references. |