Meng, Rujing; Ning, Xiangdong; Zhou, Xianming; Zhu, Hongquan - In: Journal of Banking & Finance 35 (2011) 6, pp. 1541-1551
China introduced employee stock ownership plans (ESOPs) in 1992 purely as an employee incentive scheme. The government initiated the policy experiment on ESOPs as part of China's reform of its state-owned enterprises, and it was abruptly terminated 2Â years after initiation. This policy...