Indicate whether each of the following statements related to employee stock ownership plans (ESOPs) increases or decreases value for outside stockholders: ESOP Statements In theory, employees who have equity in a firm will be motivated to work harder and smarter The creation of an ESOP is a form of additional compensation to employees. (Assume that the firm would have to provide this additional compensation in a different way if it did not create an ESOP.) Creating an ESOP can be a powerful tool in warding off takeovers. Value for Outside Stockholders