Does the Employee Stock Ownership Plan Affect a Company’s Financial Performance?

DOI

10.2991/978-94-6463-722-9_5How to use a DOI?

Keywords

Employee stock ownership plan; financial performance; agency theory

Abstract

This study investigates the influence of the Employee Stock Ownership Plan (ESOP) on corporate financial performance. ESOP refers to a program that allocates company shares to employees, aiming to enhance their motivation and productivity by fostering a sense of ownership. This research focuses on food and beverage manufacturing companies listed on Southeast Asian stock exchanges during 2020–2022. Eleven companies were chosen through purposive sampling, with 33 data. Data analysis was performed through simple linear regression with a one-tailed t-test. According to the findings, implementing an ESOP does not significantly impact the financial performance of the companies studied.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Sari’atul Aslamiyah
AU  - Nurika Restuningdiah
PY  - 2025
DA  - 2025/05/21
TI  - Does the Employee Stock Ownership Plan Affect a Company’s Financial Performance?
BT  - Proceedings of the  8th International Research Conference on Economic and Business (IRCEB 2024)
PB  - Atlantis Press
SP  - 36
EP  - 47
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-722-9_5
DO  - 10.2991/978-94-6463-722-9_5
ID  - Aslamiyah2025
ER  -