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Creation of shared value in cooperatives: informal institutions’ perspective of small-sized banana growers from Colombia

Author

Listed:
  • Marcela Maestre Matos
  • Jahir Lombana-Coy
  • Francisco J. Mesías

Abstract

Purpose - This study aims to identify informal institutions for bottom-of-the-pyramid (BoP) business models in the agricultural sector through the case study of banana growers’ cooperatives. Design/methodology/approach - A case study of six banana cooperatives from Colombia was conducted. The research followed a mixed design, using both qualitative and quantitative data and the application of structural equations. Findings - This study shows that social capital, networking and alliances are essential in BoP businesses. Originality/value - Authors defined a model of informal institutional factors for the generation of economic and social value in inclusive business, using the new institutional theory and the conceptual development of BoP in agri-business.

Suggested Citation

  • Marcela Maestre Matos & Jahir Lombana-Coy & Francisco J. Mesías, 2022. "Creation of shared value in cooperatives: informal institutions’ perspective of small-sized banana growers from Colombia," Journal of Economics, Finance and Administrative Science, Emerald Group Publishing Limited, vol. 28(55), pages 134-159, October.
    • Handle: RePEc:eme:jefasp:jefas-09-2021-0186
    DOI: 10.1108/JEFAS-09-2021-0186
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    More about this item

    Keywords

    Shared value; Informal institutions; Bottom of the pyramid; J54; M14; O17; Q13;
    All these keywords.

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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