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Employee Ownership and Moral Hazard: How Broad-Based Equity Sharing Can Lower Agency Costs and Reduce Inequality

Hudson, Colin Clinton2021

<p>Providing incentives to top managers by offering equity has become the norm; this practice, however, does not hold for all levels of employees. After tax incentives for employee ownership were introduced through the Employee Retirement Income Security Act of 1974, there has been little …

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