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The US ESOP as an Example of an Advanced Model

In: Financial Participation of Employees in the EU-27

Author

Listed:
  • John D. Menke
  • Stefan Hanisch

    (Free University of Berlin)

  • Jens Lowitzsch

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.

Suggested Citation

  • John D. Menke & Stefan Hanisch & Jens Lowitzsch, 2009. "The US ESOP as an Example of an Advanced Model," Studies in Economic Transition, in: Financial Participation of Employees in the EU-27, chapter 5, pages 136-155, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-27416-7_5
    DOI: 10.1057/9780230274167_5
    as

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