Suchergebnisse

The article tests the prevalence and antecedent of employee stock ownership (ESO) companies in Denmark. Based on a survey among the top 500 Danish companies, the article finds that the financial crisis has affected non-managerial workers' willingness to invest in their company. While narrow-based schemes covering only top management have increased since 2000, the prevalence of broad-based schemes has declined. The article also finds that the antecedents of ESO companies are highly dependent on the type of ESOP. While companies with narrow-based schemes are smaller companies with a traditional view on strategy and planning and reluctance toward employee involvement, companies with broad-based schemes are large, listed companies with a focus on employee involvement. Additionally the findings indicate that non-managerial workers are more reluctant to invest in their company if the company has volatile or low financial performance.

Discusses leasing in Poland with a focus on leasing privatization
arrangements and leasing finance, and analyses current major problems
involved. On the one hand, leasing has been used in Poland as a means of
privatizing the state‐owned enterprises and has been considered as one
of the best ways to facilitate privatization. On the other hand, leasing
as an alternative approach to financing is a small‐scale business, and
the leasing market is underdeveloped. The current ten major problems
facing the Polish leasing industry highlighted in this article are bound
up with the transformation of the whole economy. Generally, leasing
business in Poland faces relatively high risk. The solutions to the
current problems are not easily found, and assistance from the West is
urgently needed.

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