Final answer:
The majority of ESOPs are not established by publicly traded corporations but are more common in private companies where they serve as a tool for employee ownership and motivation.
Step-by-step explanation:
The question of whether the majority of ESOPs are established by publicly traded corporations is answered as false. ESOPs, or Employee Stock Ownership Plans, are often found in private companies as a way for employees to have ownership stake in the company. These plans allow employees to be part of the company's success and can be a motivating factor for employees. While public companies do have shareholders and can distribute shares through stock options and other incentive programs, they are not the majority when it comes to establishing ESOPs. Public companies are owned by shareholders and managed by a board of directors, who are elected by the shareholders. The ownership structure in publicly traded companies is typically more dispersed. ESOPs are more common among private companies looking to provide ownership to employees without going public or when the management seeks to gradually transfer ownership to employees.