Do Employee Stock Ownership Plans Affect the Quest for Firm Profitability? Evidence from Tanzania
Dublin Core
Title
Do Employee Stock Ownership Plans Affect the Quest for Firm Profitability? Evidence from Tanzania
Subject
ESOP, Firm, Profitability, Dar es salaam stock exchange, ROE
Description
Objective: This research aims to examine the impact of Employee Stock Ownership Plans (ESOP) on the profitability of Tanzanian publicly listed firms.
Design/Methods/Approach: The research utilized a longitudinal design by employing secondary data from firms listed in the Dar es Salaam Stock Exchange (DSE). The random effect model with two estimations was utilized to analyze data.
Findings: Results suggest that ESOP has a positive and significant effect on a firm's quest for profitability.
Originality: The originality or uniqueness of this study lies in providing further understanding from a different economic and cultural perspective and enhancing the results of academic studies in this area.
Practical/Policy implication: For business owners, the results of this study can be used as a root from which they can have a reason to grow their own ESOP and increase their personal wealth. For policymakers, it is a base for policy formulation that will enhance the profitable tax base.
Design/Methods/Approach: The research utilized a longitudinal design by employing secondary data from firms listed in the Dar es Salaam Stock Exchange (DSE). The random effect model with two estimations was utilized to analyze data.
Findings: Results suggest that ESOP has a positive and significant effect on a firm's quest for profitability.
Originality: The originality or uniqueness of this study lies in providing further understanding from a different economic and cultural perspective and enhancing the results of academic studies in this area.
Practical/Policy implication: For business owners, the results of this study can be used as a root from which they can have a reason to grow their own ESOP and increase their personal wealth. For policymakers, it is a base for policy formulation that will enhance the profitable tax base.
Creator
Beny Mwenda1, *Magwana Ibrahim Ngollo1
Source
https://e-journal.unair.ac.id/jmtt
Date
April 3, 2023
Contributor
PERI IRAWAN
Format
PDF
Language
ENGLISH
Type
TEXT
Files
Collection
Citation
Beny Mwenda1, *Magwana Ibrahim Ngollo1, “Do Employee Stock Ownership Plans Affect the Quest for Firm Profitability? Evidence from Tanzania,” Repository Horizon University Indonesia, accessed March 13, 2025, https://repository.horizon.ac.id/items/show/5622.