Sharing the risk at the expense of power: paying wages in equity to face the Covid-19

Nicolas Aubert () and Miguel Cordova
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Miguel Cordova: PUCP - Pontificia Universidad Católica del Perú = Pontifical Catholic University of Peru

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Abstract: This paper aims to discuss which basic implications firms need to be aware of if they decide to include equity shares as a part of salary payments in order for them to tackle financial risks due to the COVID-19 crisis, benefiting with better liquidity. We discuss this alternative from the strand of potential financial benefits, but also include a power perspective, emphasizing how firms could share with employees their decision-making processes as well as part of their position of traditional hegemony. We concluded that firms' decision regarding this financial alternative fits into a short-term benefit and at the same time threatens a long run position of power.

Keywords: COVID-19 pandemic; Coronavirus COVID-19; Financial crisis; employee stock ownership (search for similar items in EconPapers)
Date: 2020-11
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Published in 2020

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03027259

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