Advanced Search
MyIDEAS: Login to save this paper or follow this series

Enterprise forms, ownership markets, and capital procurement of the firm

Contents:

Author Info

  • Kazuhiko Mikami

    ()
    (Department of Economics, Royal Holloway, University of London and Department of Applied Economics, University of Hyogo, Kobe, Hyogo, Japan)

Registered author(s):

    Abstract

    It is often argued that cooperative firms are financially less viable than ivestor-owned firms. From a fundamental point of view, however, this does not seem a fair comparison, since the market for firm ownership is usually only available to investor-owned firms in our economy. This paper examines potential roles of the market for ownership rights to cooperative firms, particularly in capital procurement of the firm. We sho that, with a well-functioning membership market, consumer cooperatives are not necessarily financially weaker than investor-owned firms. The consumer cooperative can thus be a promising alternative to the investor-owned firm when the latter type of firm induces some serious market failure in the product market.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe0702.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Department of Economics, Royal Holloway University of London in its series Royal Holloway, University of London: Discussion Papers in Economics with number 07/02.

    as in new window
    Length:
    Date of creation: Jul 2007
    Date of revision: Jul 2007
    Handle: RePEc:hol:holodi:0702

    Contact details of provider:
    Postal: Egham Hill, Egham, Surrey, TW20 0EX, UK.
    Phone: +44 1784-414228
    Fax: +44 1784-439534
    Web page: http://www.rhul.ac.uk/economics/

    Order Information:
    Postal: Egham Hill, Egham, Surrey, TW20 0EX, UK.
    Email:

    Related research

    Keywords: enterprise form; owndership market; capital procurement;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:hol:holodi:0702. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claire Blackman).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.