Matches in SemOpenAlex for { <https://semopenalex.org/work/W2476405764> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W2476405764 endingPage "77" @default.
- W2476405764 startingPage "49" @default.
- W2476405764 abstract "Although employee stock ownership may result in increased cash flows due to enhanced organizational productivity or improved governance, this benefit is counterbalanced by the increased risk premium due to a higher correlation between the returns to the firm and the returns to human capital in general. For corporations that employ people with commonplace skills, employee stock ownership results in increased systematic risk, so the optimal level of employee stock ownership is small. When skills are unique, however (so the returns have low correlation with the returns to human capital in general), the optimal level of employee stock ownership is high, with strong incentives for outsourcing – not just the routine easily repeatable tasks but also research, product development, and other highly specialized tasks requiring knowledge not present within the firm. These conclusions hold even without conflicts of interest between owners and employees, but are strengthened in the presence of such conflicts. Incentives for greater employee ownership are further strengthened by the higher costs of becoming or remaining a public corporation that have been imposed by the Sarbanes–Oxley Act of 2002. This analysis provides a framework for optimizing employee incentives from stock ownership." @default.
- W2476405764 created "2016-08-23" @default.
- W2476405764 creator A5021201854 @default.
- W2476405764 creator A5057684337 @default.
- W2476405764 date "2012-01-01" @default.
- W2476405764 modified "2023-09-24" @default.
- W2476405764 title "Chapter 3 The Impact of Employee Stock Ownership on Firms’ Investments and Market Value" @default.
- W2476405764 cites W1530788065 @default.
- W2476405764 cites W1531341052 @default.
- W2476405764 cites W1548872077 @default.
- W2476405764 cites W1571720745 @default.
- W2476405764 cites W1605684110 @default.
- W2476405764 cites W1606272114 @default.
- W2476405764 cites W1971310904 @default.
- W2476405764 cites W2000578291 @default.
- W2476405764 cites W2002744660 @default.
- W2476405764 cites W2011487370 @default.
- W2476405764 cites W2036584685 @default.
- W2476405764 cites W2063126268 @default.
- W2476405764 cites W2064287767 @default.
- W2476405764 cites W2324008521 @default.
- W2476405764 cites W2752617332 @default.
- W2476405764 cites W3121572167 @default.
- W2476405764 cites W3122859634 @default.
- W2476405764 cites W3124061882 @default.
- W2476405764 cites W4229544653 @default.
- W2476405764 cites W4248053473 @default.
- W2476405764 cites W4255461888 @default.
- W2476405764 doi "https://doi.org/10.1108/s0196-3821(2012)0000028006" @default.
- W2476405764 hasPublicationYear "2012" @default.
- W2476405764 type Work @default.
- W2476405764 sameAs 2476405764 @default.
- W2476405764 citedByCount "0" @default.
- W2476405764 crossrefType "book-chapter" @default.
- W2476405764 hasAuthorship W2476405764A5021201854 @default.
- W2476405764 hasAuthorship W2476405764A5057684337 @default.
- W2476405764 hasConcept C10138342 @default.
- W2476405764 hasConcept C123336316 @default.
- W2476405764 hasConcept C127413603 @default.
- W2476405764 hasConcept C144133560 @default.
- W2476405764 hasConcept C145236788 @default.
- W2476405764 hasConcept C162324750 @default.
- W2476405764 hasConcept C162853370 @default.
- W2476405764 hasConcept C163428354 @default.
- W2476405764 hasConcept C175444787 @default.
- W2476405764 hasConcept C204036174 @default.
- W2476405764 hasConcept C23032112 @default.
- W2476405764 hasConcept C2776943663 @default.
- W2476405764 hasConcept C2778348171 @default.
- W2476405764 hasConcept C29122968 @default.
- W2476405764 hasConcept C39389867 @default.
- W2476405764 hasConcept C46934059 @default.
- W2476405764 hasConcept C50522688 @default.
- W2476405764 hasConcept C78519656 @default.
- W2476405764 hasConceptScore W2476405764C10138342 @default.
- W2476405764 hasConceptScore W2476405764C123336316 @default.
- W2476405764 hasConceptScore W2476405764C127413603 @default.
- W2476405764 hasConceptScore W2476405764C144133560 @default.
- W2476405764 hasConceptScore W2476405764C145236788 @default.
- W2476405764 hasConceptScore W2476405764C162324750 @default.
- W2476405764 hasConceptScore W2476405764C162853370 @default.
- W2476405764 hasConceptScore W2476405764C163428354 @default.
- W2476405764 hasConceptScore W2476405764C175444787 @default.
- W2476405764 hasConceptScore W2476405764C204036174 @default.
- W2476405764 hasConceptScore W2476405764C23032112 @default.
- W2476405764 hasConceptScore W2476405764C2776943663 @default.
- W2476405764 hasConceptScore W2476405764C2778348171 @default.
- W2476405764 hasConceptScore W2476405764C29122968 @default.
- W2476405764 hasConceptScore W2476405764C39389867 @default.
- W2476405764 hasConceptScore W2476405764C46934059 @default.
- W2476405764 hasConceptScore W2476405764C50522688 @default.
- W2476405764 hasConceptScore W2476405764C78519656 @default.
- W2476405764 hasLocation W24764057641 @default.
- W2476405764 hasOpenAccess W2476405764 @default.
- W2476405764 hasPrimaryLocation W24764057641 @default.
- W2476405764 hasRelatedWork W2006418574 @default.
- W2476405764 hasRelatedWork W2061172798 @default.
- W2476405764 hasRelatedWork W2068397145 @default.
- W2476405764 hasRelatedWork W2120744852 @default.
- W2476405764 hasRelatedWork W2353611129 @default.
- W2476405764 hasRelatedWork W2380550855 @default.
- W2476405764 hasRelatedWork W2387654084 @default.
- W2476405764 hasRelatedWork W2393114683 @default.
- W2476405764 hasRelatedWork W3122036752 @default.
- W2476405764 hasRelatedWork W3122148582 @default.
- W2476405764 isParatext "false" @default.
- W2476405764 isRetracted "false" @default.
- W2476405764 magId "2476405764" @default.
- W2476405764 workType "book-chapter" @default.