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Cooperative employment cycles in Spain. Does regional localization matter?
[Los ciclos del empleo de las cooperativas en España. ¿Importa la localización regional?]

Author

Listed:
  • Mercè Sala-Ríos

    (Universidad de Lleida, España.)

  • Mariona Farré-Perdiguer

    (Universidad de Lleida, España.)

  • Teresa Torres-Solé

    (Universidad de Lleida, España.)

Abstract

This paper presents a territorial analysis of the cooperatives within various Spanish regions. The purpose is threefold. The first objective is to investigate whether the cooperatives’ employment cycle shows a different relationship regarding the business cycle and whether this depends on the regional localization of the cooperatives. The second is to evaluate whether the greater the cooperative tradition, the greater the decoupling between business cycle and cooperatives’ cyclical phases. The third objective is to find out if, within the different Spanish regions, those cooperatives that survived the 2008 crisis share some common patterns. Our results show that (1) more than 50% of the regions achieve a medium degree of a pro-cyclical relationship and that only a small group of regions presents a counter-cyclical relationship; (2) the cooperatives' employment exhibits a certain degree of resilience; and (3) the cooperatives that survived the crisis were mature, small-sized firms with adequate financial ratios but with a negative profit margin.

Suggested Citation

  • Mercè Sala-Ríos & Mariona Farré-Perdiguer & Teresa Torres-Solé, 2020. "Cooperative employment cycles in Spain. Does regional localization matter? [Los ciclos del empleo de las cooperativas en España. ¿Importa la localización regional?]," REVESCO: Revista de estudios cooperativos, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Escuela de Estudios Cooperativos, issue 136, pages 71857-71857.
  • Handle: RePEc:ucm:reveco:y:2020:i:136:p:e71857
    DOI: 10.5209/REVE.71857
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    More about this item

    Keywords

    Cooperatives; Region; Business cycle; Synchronization; Employment; Crisis.;
    All these keywords.

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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