CLEO Logo

School of Management and Labor Relations

Keyword Search

Results for: Finance | Showing Results: 1 to 25 | Total Results: 35 | Sort By: Alphabetical Publication Date

Employee Perspectives on Stock Ownership: Financial Investment or Mechanism of Control? 

This paper explores employee ownership as a financial investment rather than a mechanism of control. Viewed from such a perspective, relations among employee ownership, satisfaction, and desired influence are more complex than supposed.  
Author: French, J. Lawrence
Pub. Date: 1987-01-01

Colt Industries 

Colt Industries is a conglomerate that is considering undertaking a leveraged recapitalization. 
Author: Stein, Jeremy C.
Pub. Date: 1988-08-03

The Viability of Employee-Owned Firms: Evidence from France 

This study examines data on French producer cooperatives for the years 1970-79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not members of the cooperative firm increases.  
Author: Estrin, Saul; Jones, Derek C.
Pub. Date: 1991-01-01

Leveraged Employee Stock Ownership Plans  

This note provides background information on leveraged Employee Stock Ownership Trusts (ESOTs) and Employee Stock Ownership Plans (ESOPs). 
Author: Hennessy, Peter R.; Bruner, Robert F.
Pub. Date: 1991-03-28

Transportation Displays, Inc. (A, B, C, D) 

Transportation Displays, Inc. has gone through a series of restructurings. This case describes the last few stages, which substantially reduced debt and increased the ownership of management. 
Author: Fenster, Steven R.; Reiferson, Paul J.; Burstin, Roy; Gilson, Stuart C.; Schwartz, Joel T.; Silver, Steven M.; Stemerman, David I.; Hemmer, Vincent; Rahe, Eric; Shorrock, David; Voorhis, Steve
Pub. Date: 1994-02-02

Why Do Firms Adopt Profit Sharing and Employee Ownership Plans? 

Profit-sharing and employee ownership in companies have attracted considerable interest, yet there has been little research on factors predicting the adoption and maintenance of these plans. This study uses new data from a survey of 500 US public companies, and panel data on corporate financial variables, to examine factors predicting the presence and adoption of profit-sharing and employee stock ownership plans (ESOPs) in the 1975–91 period. 
Author: Kruse, Douglas L.
Pub. Date: 1996-01-01

Sealed Air Corp.'s Leveraged Recapitalization (A, B)  

Less than a year after Sealed Air embarked on a program to improve manufacturing efficiency and product quality, the company borrowed almost 90% of the market value of its common stock and paid it out as a special dividend to shareholders. 
Author: Wruck, Karen H.; Barry, Brian
Pub. Date: 1997-12-05

Corbin Motors 

Explores the raising of capital to finance the growth of a spinoff business from Corbin-Pacific, a leader in motorcycle accessories. 
Author: Davis, John A.
Pub. Date: 1999-07-21

Stock Price and Operating Performance of ESOP firms: A Time-series Analysis 

Prior literature suggests that the impact of employee ownership on employee behavior may depend on the financial rewards associated with ownership. As the financial value of ownership accounts increases, employee attitudes become more positive, which, in turn, improves organizational performance. In this paper, we explore this financial perspective of employee ownership by examining the relationship between stock price and operating performance of ESOP firms. 
Author: Iqbal, Zahid; Hamid, Shaikh Abdul
Pub. Date: 2000-01-01

Dell Computer Corp.: Share Repurchase Program 

Dell Computer Corp. announced a share repurchase program shortly after a significant stock price drop. 
Author: Chacko, George; Viceira, Luis M.
Pub. Date: 2000-03-28

The Roots of Broadened Stock Ownership 

This analysis examines recent trends in stock ownership and explains the reasons for the dramatic increase in stock ownership among a broader and increasingly diverse number of Americans. 
Author: Saxton, Jim
Pub. Date: 2000-04-01

TWA: The Second Bankruptcy  

In May 1995, about 19 months after emerging from the Chapter 11 bankruptcy it filed in 1993, Trans World Airlines issued a proxy statement to seek the consent of its shareholders and certain creditors for another debt restructuring plan. 
Author: Barth, Mary E.; Yildiz, Nese
Pub. Date: 2001-12-03

Starbucks Coffee Company 


Author: Stanley, Alison; Argenti, Paul A.
Pub. Date: 2002-01-01

Company Stock in Pension Plans: How Costly is it? 

The high-profile collapse of Enron has focused attention on just how much employees stand to lose when they invest retirement savings in company stock. 
Author: Meulbroek, Lisa
Pub. Date: 2002-01-01

Groundings of Voice in Employee Rights 

The author considers the idea that employee ownership of the organizations they work in can influence the dynamics of 'sustainable peace.' 
Author: Muir, Dana
Pub. Date: 2003-01-01

Employee Stock Options at Microsoft Corporation 

Students prepare an analysis of Microsoft Corporation's financial statements and footnotes to understand the impact of its use of stock options. 
Author: Lynch, Luann J.; Brownlee, E. Richard, II; Blair, Robert T.
Pub. Date: 2003-05-29

Sally Jameson: Valuing Stock Options in a Compensation Package  

Details a thinly disguised situation faced by a recent Harvard MBA graduate who was forced by a prospective employer to place a dollar value on a grant of stock options. 
Author: Tufano, Peter; Lewittes, Michael
Pub. Date: 2003-08-19

Give Everyone a Prize? Employee Stock Options in Private Venture-backed Firms  

This study investigates the impacts on the equity values of private venture-backed firms of the organizational depth to which they grant employee stock options. 
Author: Hand, John R. M.
Pub. Date: 2005-12-20

New Social Investing Option: In Equal Exchange 

Fair trade and beverage pioneer, Equal Exchange, has teamed up with socially progressive bank, Wainwright Bank, to raise capital, protect its independence, and create a new financial product for investors.  
Author:
Pub. Date: 2006-05-25

Myth #3: Going Public Ends Employee Ownership 

There are some who suggest that a strong culture of employee ownership can thrive only if a company is privately held. 
Author: Scott, Bill
Pub. Date: 2007-01-01

Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts 

This paper explores how share repurchases affect the extant employee compensation contracts and offer a new explanation for the popularity of stock buybacks. 
Author: Babenko, Ilona
Pub. Date: 2008-01-01

Converting Failed Financial Institutions into Mutual Organisations 

The immediate issue is whether the failed financial institutions that were taken into public ownership could be re-launched as mutuals rather than as plcs. 
Author: Michie, Jonathan; Llewellyn, David T.; Anderson, David; Eyre, Nick; Hunt, Peter; Mills, Chris; Palmer, Jeremy
Pub. Date: 2009-09-01

Owners as Stewards: What Determines Employee Ownership of Institutional Investment Management Firms? 

We examine how employee ownership is used to solve the agency problem between institutional investment management firms and employees. 
Author: Dimmock, Stephen G.; Gerken, William Christopher; Marietta-Westberg, Jennifer
Pub. Date: 2009-09-20

Using an ESOP to Liquidate a Portion of the Value of a Family Business 

Technically, an ESOP is a retirement plan and serves the purpose of accumulating retirement savings for the company’s employees. In practice, however, they can act as a cash buyer of private company stock, thus creating a source of liquidity for the company’s owners. 
Author: Staubus, Martin
Pub. Date: 2010-03-19

Jimmy Fu and Moog, Inc.: Understanding Shareholders' Equity 

The case introduces students to the concepts of employee stock options, stock-splits and buybacks, multiple share classes, and the basics of equity investment and diversification. 
Author: Chapman, Craig J.
Pub. Date: 2010-06-14