10/31/98: The National Center for Employee Ownership reports on new research showing that ESOPs improve performance in public
companies. Excerpt:
Over 60% of the companies
experienced an increase in their stock price in the
two-day period following announcement of the ESOP,
with the average increase for all companies at 1.6%.
This suggests the stock market now reacts positively
to ESOPs, a change from the pattern in the 1980s
when ESOP announcements were often seen as an
indicator a company was trying to prevent a hostile
takeover.
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