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Cooperative Entrepreneurship Model for Sustainable Development

Author

Listed:
  • Josefina Fernandez-Guadaño

    (Accounting and Finance Department, Complutense University, 28040 Madrid, Spain)

  • Manuel Lopez-Millan

    (Accounting and Finance Department, Complutense University, 28040 Madrid, Spain)

  • Jesús Sarria-Pedroza

    (Accounting and Finance Department, Complutense University, 28040 Madrid, Spain)

Abstract

The main objective of this research is to contribute to the economic literature on cooperative entrepreneurship as a model for sustainable development, taking into account the special alignment of the cooperative principles (ICA) with the UN Sustainable Development Goals (SDGs). It offers new empirical evidence from Spain, based on Stakeholder Theory, about the differences between cooperatives (Coops) and Capitalist Firms (CFs) in relation to the distribution of economic value between the different stakeholders. For this purpose, panel data was analysed using the Correlated Random Effects approach. The results reveal that cooperative firms generate value for some of the stakeholders analysed, specifically for their partners and creditors, but no significant differences have been found with CFs in terms of workers and the state. In both cases, it can be inferred that the period analysed has influenced the results, since it has been found that, first, cooperatives adjust wages downward rather than dismiss workers during a recession, which is in line with previous research, and second, that their tax contribution to the state is lower because they are subject to a more favourable tax system in Spain.

Suggested Citation

  • Josefina Fernandez-Guadaño & Manuel Lopez-Millan & Jesús Sarria-Pedroza, 2020. "Cooperative Entrepreneurship Model for Sustainable Development," Sustainability, MDPI, vol. 12(13), pages 1-11, July.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:13:p:5462-:d:381280
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    Cited by:

    1. Inmaculada Buendía-Martínez & Carolina Hidalgo-López & Eric Brat, 2020. "Are Cooperatives an Employment Option? A Job Preference Study of Millennial University Students," Sustainability, MDPI, vol. 12(17), pages 1-32, September.
    2. Meir Russ, 2021. "Knowledge Management for Sustainable Development in the Era of Continuously Accelerating Technological Revolutions: A Framework and Models," Sustainability, MDPI, vol. 13(6), pages 1-32, March.
    3. María del Carmen Pérez-González & Lidia Valiente-Palma, 2021. "Cooperative Societies and Sustainability: A Spatial Analysis of Andalusia as a Tool for Implementing Territorial Development Policies, Strategies and Initiatives," Sustainability, MDPI, vol. 13(2), pages 1-16, January.
    4. Juan Antonio Parrilla-González & Diego Ortega-Alonso, 2021. "Social Innovation in Olive Oil Cooperatives: A Case Study in Southern Spain," Sustainability, MDPI, vol. 13(7), pages 1-13, April.
    5. Denise Díaz de León & Omar Díaz Fragoso & Igor Rivera & Gibrán Rivera, 2021. "Cooperatives of Mexico: Their Social Benefits and Their Contribution to Meeting the Sustainable Development Goals," Social Sciences, MDPI, vol. 10(5), pages 1-19, April.
    6. Rafael Ziegler & Cynthia Poirier & Marie Lacasse & Evan Murray, 2023. "Circular Economy and Cooperatives—An Exploratory Survey," Sustainability, MDPI, vol. 15(3), pages 1-17, January.
    7. Gianluca Elia & Alessandro Margherita & Enrico Ciavolino & Karim Moustaghfir, 2021. "Digital Society Incubator: Combining Exponential Technology and Human Potential to Build Resilient Entrepreneurial Ecosystems," Administrative Sciences, MDPI, vol. 11(3), pages 1-16, September.

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