Direct Employee Stock Ownership: An Empirical Investigation
Many companies have acted to increase direct stock ownership among their employees. For most firms, these actions have not resulted in major changes in the ownership structure of the firm. However, from a personal portfolio standpoint, the typical level of employee stock ownership appears appreciable. The level of individual ownership is negatively related to the standard deviation of stock returns and positively related to the individual's wealth, education and years of employment with the firm. Several arguments are made for why incentive effects associated with stock ownership should not be ruled out based on traditional free-rider arguments without additional theoretical and empirical analysis.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 20 (1991)
Issue (Month): 2 (Summer)
|Contact details of provider:|| Postal: |
Web page: http://www.fma.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fma:fmanag:brickley291. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Courtney Connors)The email address of this maintainer does not seem to be valid anymore. Please ask Courtney Connors to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.