LanguageTerm (authority = ISO 639-3:2007); (type = text)
English
Abstract (type = abstract)
The past decades have witnessed overall growth in broad-based employee stock ownership plans among U.S. firms. However, in recent years ESOP growth has stagnated, and there has been limited research on why firms pursue employee ownership. This study revisits earlier work on predictors of employee ownership, expanding on previous studies that focus on firm-level predictors. I investigate whether industry characteristics can explain firm decisions to adopt employee stock ownership plans (ESOPs), exploring a critical variable of interest with important consequences for society: product market concentration.
I find that product market concentration, a proxy for firm market power, is indeed, a positive predictor, explaining inter-industry differences in ESOP prevalence. This study makes a unique contribution by using industry panel data to examine the extent to which product market concentration and other industry characteristics predict ESOP adoption, pushing the boundaries of current thinking on firm motives and environmental conditions predictive of firm ESOP adoption.
Subject (authority = RUETD)
Topic
Industrial Relations and Human Resources
Subject (authority = local)
Topic
Employee stock ownership
Subject (authority = LCSH)
Topic
Employee ownership
RelatedItem (type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier (type = RULIB)
ETD
Identifier
ETD_10248
PhysicalDescription
Form (authority = gmd)
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
1 online resource (v, 77 pages) : illustrations
Note (type = degree)
M.S.
Note (type = bibliography)
Includes bibliographical references
RelatedItem (type = host)
TitleInfo
Title
School of Graduate Studies Electronic Theses and Dissertations
Identifier (type = local)
rucore10001600001
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.