ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00153.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

Every individual, therefore, endeavors as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value … and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.— Adam Smith, 17

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00154.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00155.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00156.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00157.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

The ESOP is treated as simply an employee benefit, but it is really a device to save the human race.—Louis T. Kelso, founder of ESOP1The American public is not too well‐informed….these plans have been heralded as the basic solution for many of our economic ills. Specifically, one of our chief proponents… has said that widespread adoption of ESOPs will accomplish the following objectives: The restoration and acceleration of economic growth to unprecedented levels; create legitimate full employment for two or three decades; and lay the foundation for arresting inflation. I must confess that these are some claims. Certainly no one since I have been chairing this committee has come before us with program that promises that much.—Sen. Hubert Humphrey, Joint Economic Committee Hearings, 1975(Kelsonomics is) an amateurish and crankish fad.—Paul Samuelson, San Juan Star, April 27, 1972The ESOP is first and foremost an employee benefit plan.—Rosen, Klei

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00158.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00159.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

who will control the process of realizing values inherent in a particular business? If the answer is to be “Management,” then a more assertive financial style and an accelerated financial restructuring timetable may be required to accompany any necessary business restructuring activities. In the new financial environment, failure to take the initiative to implement prudent, well‐reasoned financial restructuring may allow outside interests to re‐define the game. Management would thus lose control of the value creation

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00160.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:1078-1196    

DOI:10.1111/j.1745-6622.1988.tb00161.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY