Clark, Roger W.; Philippatos, George C. - In: Managerial Finance 24 (1998) 4, pp. 19-29
Surveys the development of employee stock ownership plans (ESOPs) in the USA, Canada, Japan and the EU. Suggests that ESOPs are driven by management in the USA but are culturally approved by both sides of industry in Japan. Describes the European system as emphasizing profit sharing instead...