University of Pennsylvania ScholarlyCommons Archives

Broad-Based Equity Compensation, Employee Turnover, and Unit Performance

Marshall Vance | January, 2013

This study, which consists of two essays, examines the performance effects of a deferred equity plan on both individual employee and business unit outcomes. The first essay investigates the effects of deferred compensation plan characteristics on voluntary turnover decisions, using detailed data on store-level employees of a large retail firm. Overall, I find that employees … Read More

S Corp ESOP Legislation Benefits and Costs: Public Policy and Tax Analysis

Michael Knoll, Steven F. Freeman | July, 2008

Samuel Zell’s acquisition of the Tribune Company in December 2007 using an S corporation employee stock ownership plan (S ESOP) brought S ESOPs to national attention.

Effects of ESOP Adoption and Employee Ownership: Thirty Years of Research and Experience

Steven F. Freeman | January, 2007

In the mid-1970s employee ownership was a fringe phenomenon in the US. Today more than one in six US private sector employees now own shares in their company, and more than one in 12 US private sector employees now participate in an Employee Stock Ownership Plan.

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University of Pennsylvania ScholarlyCommons