Employment and Share Trade under Employee Share Ownership: An application to transition economies

Employee Share Ownership: a Review of the Literature

Research Report EMPLOYEE SHARE OWNERSHIP: A REVIEW OF THE LITERATURE

Share Repurchases and Employee Compensation

This paper focuses on the agency problem derived from the con‡ict of interest between employees and shareholders. I show that if employees are compensated with restricted stock or stock options, shareholders may engage in opportunistic share repurchases. Equityholders have an incentive to buy back stock after employment contracts have been signed because repurchases increase compensation sensit...

Patterns of Employee Participation and Industrial Democracy in Uk Employee Share Ownership Plans

This paper examines the institutional characteristics of UK Employee Share Ownership Plans (ESOPs) and considers the extent to which ESOPs extend employee participation and industrial democracy. It is suggested that ESOPs in themselves do not extend industrial democracy. Instead patterns of employee participation are substantially determined by the goals of those primarily responsible for estab...

A Demographically Augmented Shift-Share Employment Analysis: An Application to Canadian Employment Patterns

In this paper we illustrate how the traditional shift-share model may be readily expanded to analyse disaggregate data on various age-sex cohorts of the labour market. Further we show that such results can be misleading unless age-sex-specific labour-force changes are explicitly considered. We then analyze the performance of the Canadian regional labour markets as an example of the proposed pro...