The Credit Union Movement: Origins and Development 1850-1970.

Scamehorn, Lee

doi:10.2307/1888447

“…role in the growth and development of Mondragon companies, particularly during their formative generation from the 1960s to the 1980s. Credit unions were created in the 19 th century mainly to provide basic financial services to populations that could not make use of traditional banks or other financial institutions for socioeconomic or geographic reasons (Aranzaldi, 1976;Moody & Fite, 1984). Though in legal terms a credit union, it is important to emphasize that lk's mission was not that of a traditional credit union; rather, it was what has been called a "cooperative development finance organization."…”

Section: Intercooperation-mondragon As An Integrated Networkmentioning

confidence: 99%

Employee Ownership: What It Is & What It Can Achieve

Palmieri,

Cooper

2023

Employee Ownership in the Americas: A Path to Shared Prosperity

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The idea of employee ownership is not new and has existed since at least the mid-19th century. Yet, it remains a lesser-known business model in the economy at large. There are many myths and misunderstandings around what employee ownership is, and what it can achieve. We address these misconceptions by reviewing a growing body of research that contrary to common assumptions demonstrates that employee ownership garners broad political support, individuals working at employee-owned companies experience a higher level of economic well-being, and firms who adopt its varied models have better performance outcomes. The goal of this chapter is to provide academics, economic development officials, and business owners a solid, evidence-based understanding from which to explore, and put into practice, employee ownership.

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“…role in the growth and development of Mondragon companies, particularly during their formative generation from the 1960s to the 1980s. Credit unions were created in the 19 th century mainly to provide basic financial services to populations that could not make use of traditional banks or other financial institutions for socioeconomic or geographic reasons (Aranzaldi, 1976;Moody & Fite, 1984). Though in legal terms a credit union, it is important to emphasize that lk's mission was not that of a traditional credit union; rather, it was what has been called a "cooperative development finance organization."…”

Section: Intercooperation-mondragon As An Integrated Networkmentioning

confidence: 99%

How Society’s Constraints Would Undermine ESPP Adaptation in Latin America: The Case of Peru

Aubert,

Cordova

2023

Employee Ownership in the Americas: A Path to Shared Prosperity

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Shared capitalism proposes that employees’ revenues or wealth are directly related to a firms’ performance, while they participate in the organizational decision-making processes as well (Kruse et al., 2010). Employee stock ownership, one of the mechanisms of shared capitalism, can be implemented through different ways including Employee Stock Purchase Plans (espp). This paper examines such plans offered to Peruvian employees by three French companies. Previous literature has documented that espps’ participation and investment are undermined by four factors: liquidity constraint, imperfect knowledge of information, asset choice, and transaction costs. We highlight the actions developed by these three companies to limit the effect of these four factors and thus stimulate employee participation and investment in their company’s shares. We also identify other important elements of participation.

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“…role in the growth and development of Mondragon companies, particularly during their formative generation from the 1960s to the 1980s. Credit unions were created in the 19 th century mainly to provide basic financial services to populations that could not make use of traditional banks or other financial institutions for socioeconomic or geographic reasons (Aranzaldi, 1976;Moody & Fite, 1984). Though in legal terms a credit union, it is important to emphasize that lk's mission was not that of a traditional credit union; rather, it was what has been called a "cooperative development finance organization."…”

Section: Intercooperation-mondragon As An Integrated Networkmentioning

confidence: 99%