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Sharing the ownership in Peru and Mexico: the case of a French MNE prompting the SDGs achievement

Author

Listed:
  • Nicolas Aubert

    (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon, AMU IAE - Institut d'Administration des Entreprises (IAE) - Aix-en-Provence - AMU - Aix Marseille Université)

  • Miguel Cordova

    (PUCP - Pontificia Universidad Católica del Perú = Pontifical Catholic University of Peru)

  • Gonzalo Hernandez

    (ITESO - Universidad Jesuita de Guadalajara)

Abstract

Purpose This study aims to investigate how a French multinational enterprise (MNE) is developing employee stock ownership (ESO) in its subsidiaries in Peru and Mexico, both Latin American countries with deep social and economic inequalities. Design/methodology/approach This is a qualitative case study which conducted interviews with representatives of the French MNE and its subsidiaries in Peru and Mexico. Findings The employee stock purchase plans offered by the company to its employees support the achievement of the sustainable development goals (SDGs) 1, 8 and 10 in these countries. Social implications The authors argue that MNEs could become flagships in the SDG achievement in emerging economies. Originality/value By contributing to better workplace outcomes and enhanced corporate performance, ESO is in line with SDG 8. ESO also fulfills SDGs 1 and 10 by allowing employees to build up savings and wealth, whose lack is the main source of inequality and poverty. Reciprocity and binary economics theories explain these relationships.

Suggested Citation

  • Nicolas Aubert & Miguel Cordova & Gonzalo Hernandez, 2024. "Sharing the ownership in Peru and Mexico: the case of a French MNE prompting the SDGs achievement," Post-Print hal-04476827, HAL.
    • Handle: RePEc:hal:journl:hal-04476827
    DOI: 10.1108/cpoib-12-2022-0133
    Note: View the original document on HAL open archive server: https://hal.science/hal-04476827
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    References listed on IDEAS

    as
    1. Nicolas Aubert, 2008. "Developing an Ownership Culture with Employee Share Purchase Plans: Evidence from France," Zeitschrift fuer Personalforschung. German Journal of Research in Human Resource Management, Rainer Hampp Verlag, vol. 22(2), pages 130-151.
    2. Meulbroek, Lisa, 2005. "Company Stock in Pension Plans: How Costly Is It?," Journal of Law and Economics, University of Chicago Press, vol. 48(2), pages 443-474, October.
    3. Benartzi, Shlomo & Thaler, Richard H & Utkus, Stephen P & Sunstein, Cass R, 2007. "The Law and Economics of Company Stock in 401(k) Plans," Journal of Law and Economics, University of Chicago Press, vol. 50(1), pages 45-79, February.
    4. Elisabetta Iossa & David Martimort, 2011. "The Theory of Incentives Applied to the Transport Sector," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 29, Edward Elgar Publishing.
    5. Richard B. Freeman & Joseph R. Blasi & Douglas L. Kruse, 2010. "Introduction to "Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options"," NBER Chapters, in: Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options, pages 1-37, National Bureau of Economic Research, Inc.
    6. Thomas Rapp & Nicolas Aubert, 2011. "Bank Employee Incentives and Stock Purchase Plans Participation," Journal of Financial Services Research, Springer;Western Finance Association, vol. 40(3), pages 185-203, December.
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    8. Douglas Kruse & Joseph Blasi & Dan Weltmann & Saehee Kang & Jung Ook Kim & William Castellano, 2022. "Do Employee Share Owners Face Too Much Financial Risk?," ILR Review, Cornell University, ILR School, vol. 75(3), pages 716-740, May.
    9. Ashford, Robert, 1996. "Louis Kelso's binary economy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 25(1), pages 1-53.
    10. Harry Markowitz & Joseph Blasi & Douglas Kruse, 2010. "Employee stock ownership and diversification," Annals of Operations Research, Springer, vol. 176(1), pages 95-107, April.
    11. Douglas L. Kruse & Richard B. Freeman & Joseph R. Blasi, 2010. "Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options," NBER Books, National Bureau of Economic Research, Inc, number krus08-1.
    12. Paige Ouimet & Geoffrey Tate, 2020. "Learning from Coworkers: Peer Effects on Individual Investment Decisions," Journal of Finance, American Finance Association, vol. 75(1), pages 133-172, February.
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    Keywords

    Employee stock ownership; Employee stock purchase plan; Shared capitalism; Multinational entreprises; Sustainable development goals SDGs;
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