Insider Trading Around ESOP Announcements: Wealth Effect vs. Control Effect
Following the enactment of ERISA (Employee Retirement Income Security Act) in 1974, employee stock ownership plans (ESOPs) have become a popular form of employee compensation among U.S. companies. The introduction of an ESOP has important implications for management interest that should encourage in...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia Press
2003
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25125/1/IJBF%201%202%202003%2089%20110.pdf |