The US ESOP as an Example of an Advanced Model

John D. Menke, Stefan Hanisch and Jens Lowitzsch
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Stefan Hanisch: Free University of Berlin

Chapter 5 in Financial Participation of Employees in the EU-27, 2009, pp 136-155 from Palgrave Macmillan

Abstract: Abstract For the first 100 years after the founding of the American republic, the USA was in fact a ‘society of owners’. Ownership of a farm, ranch or small business was the norm rather than the exception. During the next 100 years, however, this situation changed radically with the coming of the industrial revolution and the eventual emergence and success of big business.

Keywords: Initial Public Offering; Company Stock; Plan Participant; Financial Participation; Promissory Note (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-27416-7_5

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DOI: 10.1057/9780230274167_5

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