Esops: Their Role in Corporate Finance and Performance

ISBN-13: 9780333576182 / Angielski / Miękka / 1992 / 270 str.

Nicholas Wilson

Opis

Although primarily a method of improving corporate results through motivating employees, ESOPs have a role in corporate finance as a provider of capital in a highly tax efficient manner. Multinationals wishing to spread shares internationally and quoted companies wanting to capture equality for share incentives can successfully utilise an ESOP scheme and it is therefore anticipated that implementation of such schemes will follow the pattern of the US and will become a familiar tool of corporate finance. As the instrument is complex and new and its legal and accounting ramifications are wide, this text will provide an invaluable reference source not only for the Chief Executive, Treasurer and Executive Officers in medium to large companies in the UK but will also be of relevance to their banking, legal and tax advisors.

Spis treści

Employee Ownership: ESOPs in Context - ESOPs in Multinational Europe - ESOPs in Europe - Employee Share Ownership Plans: Legal Complexities Unravelled - ESOPs: Public Versus Private Companies - Taxation and Accounting for ESOPs - Financing ESOPs: The Company's Perspective, The Bank's Perspective - ESOPs in the UK: A Survey - ESOPs in 'People Businesses' - Employee Buyouts - ESOPs and Cooperative Enterprises: The Employee Common Ownership Plan - ESOPs and Corporate Performance: Evidence from the USA, Japan and Britain - ESOPs and Employee Relations - Case Histories: ESOPs and Privatisation, the PLC, the Management Buyout Scenario, Succession in Private Companies, Common Ownership