Assessing the impact of the employee stock ownership plan using the Difference-in-Differences method

Al Momani, K. M. D. K., Jamaludin, N., Abdullah, W. Z. W., & Nour, A. N. I. (2020). The effects of intellectual capital on firm performance of industrial sector in Jordan. Humanities & Social Sciences Reviews, 8, 184-192.

Blasi, J., Kruse, D. & Weltmann, D. (2013). Firm survival and performance in privately held ESOP companies. In Sharing Ownership, Profits, and Decision-making in the 21st Century. Emerald Group Publishing Limited, 109-124.

Dunbar, A. E. & Kumbhakar, S. C. (1992). An empirical investigation of the association of productivity with employee stock ownership plans. The Journal of the American Taxation Association, 14, 22-38.

Dunn, G. P. & Daily, C. M. (1991). The fusion of privilege and power: ESOPs in theory and practice. Employee Responsibilities and Rights Journal, 4, 61-74.

Handayani, F., & Yurniwati, Y. (2020). Analysis of the influence of employee stock ownership program (ESOP) application of company financial performance. Jurnal Ilmiah Universitas Batanghari Jambi, 20(2), 616-625.

Kurland, N. (2018). ESOP plus benefit corporation: Ownership culture with benefit accountability. California Management Review, 60 (4), 51-73.

Lestari, H. S. (2021). Financial leverage and financial performance of conventional banks in Indonesia. Journal of Hunan University Natural Sciences, 48(2).

Ma, J., Guo, K., & Yu, J. (2020). Democracy and tax avoidance: An international study. Journal of Corporate Accounting & Finance, 31(1), 18-52.

Malesky, E. J., Nguyen, C. V., & Tran, A. (2014). The impact of recentralization on public services: A difference-in-differences analysis of the abolition of elected councils in Vietnam. American Political Science Review, 108(1), 144-168.

Nelson, B. (2000). Shared endeavours: An inquiry into employee share ownership in Australia. House of Representatives Standing Committee on Employment. Canberra, Department of Education and Workplace Relations, 2-104.

Nguyen, T. K. N. (2022). Impact of employee stock ownership plan on employee commitment to the banking and finance sector in Vietnam. Economy & Forecast Review, 24(814).

Pendleton, A., Wilson, N. & Wright, M. (1998). The perception and effects of share ownership: empirical evidence from employee buy-outs. British Journal of Industrial Relations, 36(1), 99-123.

Ros, A. J. (2003). Do ESOPS motivate employees? Worker effort, monitoring and participation in employee-owned stock ownership plans. Advances in the Economic Analysis of Participatory & Labor-Managed Firms, 7, 83-103.

Scarpati, K. D. (2023). Organizational Attractiveness and Employee Longevity at Employee Stock Ownership Plan (ESOP) Companies in Northern New England. Doctoral dissertation, Wilmington University (Delaware).

Tran, P. H. H. (2020). Effectiveness of policy measures to promote employee share ownership programs in banks. Journal of Behavioral and Experimental Finance, 28, 100401.

Xiao, H., Shi, Y. & Varma, A. (2019). The effects of employee stock ownership plans on career development in a new era: Evidence from China’s manufacturing transformation. Career Development International, 24(5), 453-474.