Ivanov, Stoyu I.; Zaima, Janis K. - In: Managerial Finance 37 (2011) February, pp. 173-188
Purpose – The purpose of this study is to examine whether employee stock ownership plans (ESOPs) add or destroy value from a new perspective by examining the relation of the adoption of ESOP and the company cost of capital. Design/methodology/approach – The capital asset pricing model is...
