A Review of Employee Stock Ownership Plans (ESOPs) and Corporate Innovation Performance Research

Ruxin Tan ()
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Ruxin Tan: Sichuan Agricultural University

A chapter in Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025), 2025, pp 595-602 from Springer

Abstract: Abstract Employee Stock Ownership Plans (ESOPs) are institutional tools that integrate incentives, governance, and wealth distribution. Their development can be traced back to the Industrial Revolution in the 19th century and became institutionalized and globalized in the 20th century. After long-term exploration by academia and enterprises, the importance of ESOPs has been gradually established. This paper employs a literature review method, based on the principal-agent theory and the two-factor theory, to review the literature on the implementation motives of ESOPs, the influencing factors of corporate innovation performance, and the relationship between the two. Finally, it analyzes whether ESOPs affect corporate innovation performance and provides insights for enterprises’ long-term development.

Keywords: Employee Stock Ownership Plan; Innovation Performance; Impact (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-811-0_62

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DOI: 10.2991/978-94-6463-811-0_62

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