Just like retaining top talents,attracting talents is the original intention of a company to launch an employee stock ownership plan(ESOP).However,compared to the rich research on how ESOP affects"retaining talent"such as executive turnover,there are few studies examining whether the"attracting talent"effect of ESOP can be achieved due to limitations in data availability and research scenarios.In recent years,the practice of ESOP in the fund industry provides a rare research scenario for empirically examining the effectiveness of ESOP in attracting talent.Using the data of Chinese fund companies from 2011 to 2021,the paper finds that the ESOP of fund companies can attract external fund managers but exhibit certain limitations in terms of the attracting targets and duration time.In addition,the paper finds that a broader implementation scope of the ESOP will enhance the ability of the fund company to attract talents.The study contributes to a comprehensive understanding of the performance of ESOP in fund companies and provides insights into the selection of design strategies for ESOP.
国家科技期刊平台
NSTL
万方数据
