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Employee Stock Ownership Plans (ESOPs): Objectives, Design Options and International Experience

by: Gates, Jeffrey R.; Saghir, Jamal
Source: CFS Discussion Paper Series, Number 112, The World BankĀ 

Employee share schemes are becoming more prevalent worldwide. Originally designed as an ownership-broadening technique of finance, the term 'ESOP' is now used to describe a wide variety of employee participation strategies covering a diverse array of applications. ESOPs are best known for their adaptability and flexibility across a broad range of economic, political, and cultural circumstances.