Search Results - subject:"employee ownership"

Company stock in defined contribution plans and stock market returns

Park, Heejin; Noh, Jung Hee; Song, Kyojik "Roy" - In: Global business and finance review 26 (2021) 3, pp. 88-99

Purpose: We examine whether employee ownership in DC plans are explained by either shared capitalism or managerial …: We find that the zero-investment strategy of buying a portfolio without employee ownership and selling a portfolio with … the largest employee ownership earns 1.32% of alpha per month. Further, we provide evidence that portfolios with higher …

Persistent link: https://www.econbiz.de/10012696054

Executive compensation and firm performance in New Zealand : the role of employee stock option plans

Ding, David K.; Chea, Ya Eem - In: Journal of risk and financial management : JRFM 14 (2021) 1/31, pp. 1-19

We examine the role of employee stock option plans (ESOPs) in mitigating agency problems in New Zealand firms. We find that ESOPs have a significant and positive effect on firm performance relative to their non-ESOP counterparts. This relation appears within a year from the first ESOP...

Persistent link: https://www.econbiz.de/10012417518

Do employees benefit from worker representation on corporate boards?

Blandhol, Christine; Mogstad, Magne; Nilsson, J. Peter; … - 2021

Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question - especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...

Persistent link: https://www.econbiz.de/10012424544

The hidden cost of profit sharing on participation in employee stock purchase plans

Hennig, Jan Christoph; Hullmann, Rieke; Rau, Holger A.; … - 2021

Many firms use equity-based profit sharing to boost participation in employee stock purchase plans (ESPPs). Using a large panel data set (N=262,824) of a multinational firm, we compare the reactions of former ESPP participants and non-participants to a profit sharing distribution (PSD). We find...

Persistent link: https://www.econbiz.de/10012487812

Does Employee Stock Ownership Program Reduce a Company's Stock Volatility during the COVID-19 Lockdown?

Tran, Phan Huy Hieu - 2021

We examine whether the ESOP (employee stock ownership program) has a significant effect on a company's stock volatility during the COVID-19 lockdown. We find that although banks' stock prices were more volatile in response to the rise of COVID-19 confirmed cases, banks with ESOP showed...

Persistent link: https://www.econbiz.de/10013309993

The Equity Incentive Canadian Startups Need (Hint : It Is Not Stock Options)

Tingle, QC, Bryce - 2021

Growth companies contribute disproportionately to Canada’s job creation, economic development and innovation. Most growth companies can match neither the salaries nor the security of more established competitors for executive talent. This makes their only advantage — the growth prospects of...

Persistent link: https://www.econbiz.de/10014351862