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Las cooperativas vascas ante un futuro incierto

Author

Listed:
  • Saioa Arando Lasagabaster

    (Universidad de Deusto)

  • Iñaki Peña Legazkue

    (Instituto Vasco de Competitividad (Universidad de Deusto))

Abstract

In this study, we examine the effect of market environment and agglomeration economies on market entry. More specifically, a comparative analysis is conducted to identify the determinants of entry of three associative legal forms at firm start-up: worker cooperatives, public-owned and limited-liability companies. Our results suggest that market entry of cooperatives is influenced by economic growth and market structure. Furthermore, our study confirms that a strong cooperative culture in a local economy not only contributes to the formation and development of cooperative firms, but also to the creation of organizations with different legal forms such as public owned companies, adding greater corporate diversity and enhancing local economic development. However the low rotation and the insignificant substitution capacity that characterize new cooperatives, place the Basque cooperative movement in an uncertain scenario in the near future.

Suggested Citation

  • Saioa Arando Lasagabaster & Iñaki Peña Legazkue, 2006. "Las cooperativas vascas ante un futuro incierto," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 62(02), pages 100-123.
    • Handle: RePEc:ekz:ekonoz:2006205
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    More about this item

    Keywords

    cooperativas; creación de empresas; cultura empresarial;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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