The Scope, Nature, and Effects of Employee Stock Ownership Plans in Japan
Type of Work
Industrial and Labor Relations Review
Using data for various years, including new data for 1973-84, the authors examine the scope, nature, determinants, and effects of Japanese employee stock ownership plans (ESOPs). In 1988, of firms listed on Japan's eight stock exchange markets, 91 percent had an ESOP, and the average (nonexecutive) empl oyee plan participant owned stock worth about $14,000. The authors find that firms were more likely to adopt ESOPs when recent business performance was below average, the capital/labor ratio was relatively low, and employment growth was relatively fast. ESOPs apparently enhanced enterprise productivity.
Jones, Derek C. and Kato, Takao, "The Scope, Nature, and Effects of Employee Stock Ownership Plans in Japan" (1993). Hamilton Digital Commons.
Hamilton Areas of Study