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

Nicolas Aubert (), Miguel Cordova and Gonzalo Hernandez
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Miguel Cordova: PUCP - Pontificia Universidad Católica del Perú = Pontifical Catholic University of Peru
Gonzalo Hernandez: ITESO - Universidad Jesuita de Guadalajara

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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.

Keywords: Employee stock ownership; Employee stock purchase plan; Shared capitalism; Multinational entreprises; Sustainable development goals SDGs (search for similar items in EconPapers)
Date: 2024-02-21
New Economics Papers: this item is included in nep-env
Note: View the original document on HAL open archive server: https://hal.science/hal-04476827v1
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Published in critical perspectives on international business, 2024, ⟨10.1108/cpoib-12-2022-0133⟩

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Working Paper: Sharing the ownership in Peru and Mexico: The case of a French MNE prompting the SDGs achievement (2023)
Working Paper: Sharing the ownership in Peru and Mexico: The case of a French MNE prompting the SDGs achieveme (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04476827

DOI: 10.1108/cpoib-12-2022-0133

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