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Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives

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  • Anne, Musson
  • Damien, Rousselière

Abstract

This paper aims at understanding the economic performance of craftsmen cooperatives during the crisis period. These cooperatives have the distinctive feature of being supply cooperatives. We use an exhaustive dataset for the French craftsmen cooperatives (2004-2014). We estimate Bayesian Translog econometric models in order to underline the impact of the 2008 crisis on these cooperatives. On the one hand, cooperatives’ turnover contracts during the crisis, the effect is lower for elder cooperatives and varies across sectors. On the other hand, there is convergence towards the mean for the various generations of cooperatives. Theses findings are robust to alternative econometric specifications.

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  • Anne, Musson & Damien, Rousselière, 2018. "Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives," Working Papers SMART - LERECO 18-07, INRA UMR SMART-LERECO.
  • Handle: RePEc:rae:wpaper:201807
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    Keywords

    crisis; cooperatives; performance; production function;

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises

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