An efficient allocation or financial distortion: Can employee stock ownership promote common prosperity within enterprises?

This paper examines the impact of Employee Stock Ownership Plans (ESOPs) on the labor income share of companies, using a sample of A-share listed companies on the Shanghai and Shenzhen stock exchanges in China from 2012 to 2021. By employing a multi-period Difference-in-Differences (DID) approach to...

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Detalhes bibliográficos

Principais autores:	Xuezeng Li, Haoyuan Zheng, Yuanyuan Jiang
Formato:	Artigo
Idioma:	Inglês
Publicado em:	Elsevier 2025-03-01
coleção:	International Review of Economics & Finance
Assuntos:	Labor income share Employee stock ownership plan Corporate financialization Income distribution
Acesso em linha:	http://www.sciencedirect.com/science/article/pii/S1059056025000681
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