KIM, E. HAN; OUIMET, PAIGE - In: Journal of Finance 69 (2014) 3, pp. 1273-1319
type="main" <title type="main">ABSTRACT</title> <p>Firms initiating broad-based employee share ownership plans often claim employee stock ownership plans (ESOPs) increase productivity by improving employee incentives. Do they? Small ESOPs comprising less than 5% of shares, granted by firms with moderate employee size,...</p>
