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Assessing Mondragon: Stability & Managed Change in the Face of Globalization

Author

Listed:
  • Saioa Arando

    ()

  • Fred Freundlich

    ()

  • Monica Gago

    ()

  • Derek C. Jones

    ()

  • Takao Kato

    ()

Abstract

By drawing on new interview evidence gathered during several field trips and new financial and economic data from both external and internal sources, we document and assess the changing economic importance and performance of the Mondragon group of cooperatives as well as the two largest sectors within the group. Compared to conventional firms in the Basque Country and Spain, and producer co-ops (PCs) and employee owned firms elsewhere, in general we find evidence of growing group importance and strong performance and a similarly strong record for the industrial and retail divisions...

Suggested Citation

  • Saioa Arando & Fred Freundlich & Monica Gago & Derek C. Jones & Takao Kato, 2010. "Assessing Mondragon: Stability & Managed Change in the Face of Globalization," William Davidson Institute Working Papers Series wp1003, William Davidson Institute at the University of Michigan.
  • Handle: RePEc:wdi:papers:2010-1003
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    File URL: http://deepblue.lib.umich.edu/bitstream/2027.42/133017/1/wp1003.pdf
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    References listed on IDEAS

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    1. Joshi, Sumit & Smith, Stephen C., 2008. "Endogenous formation of coops and cooperative leagues," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 217-233, October.
    2. John Pencavel & Luigi Pistaferri & Fabiano Schivardi, 2006. "Wages, Employment, and Capital in Capitalist and Worker-Owned Firms," ILR Review, Cornell University, ILR School, vol. 60(1), pages 23-44, October.
    3. Burdín, Gabriel & Dean, Andrés, 2009. "New evidence on wages and employment in worker cooperatives compared with capitalist firms," Journal of Comparative Economics, Elsevier, vol. 37(4), pages 517-533, December.
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    Citations

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    Cited by:

    1. Paranque, Bernard, 2017. "The need for an alternative to shareholder value creation? The Ethomed student experience," Research in International Business and Finance, Elsevier, vol. 39(PB), pages 686-695.
    2. Armstrong, J. Scott & Green, Kesten C., 2013. "Effects of corporate social responsibility and irresponsibility policies," Journal of Business Research, Elsevier, vol. 66(10), pages 1922-1927.
    3. Malleson, Tom, 2014. "After Occupy: Economic Democracy for the 21st Century," OUP Catalogue, Oxford University Press, number 9780199330102.
    4. Marina Albanese & Cecilia Navarra & Ermanno Tortia, 2017. "Equilibrium unemployment as a worker insurance device: Worker insurance and wage setting in worker owned enterprises," DEM Working Papers 2017/09, Department of Economics and Management.
    5. Dario Di Giulio Cesare, 2012. "Mondrag�n: come far convivere successo economico e valori cooperativi," Euricse Working Papers 1239, Euricse (European Research Institute on Cooperative and Social Enterprises).
    6. Anjel ERRASTI & Ignacio BRETOS & Enekoitz ETXEZARRETA, 2016. "What Do Mondragon Coopitalist Multinationals Look Like? The Rise And Fall Of Fagor Electrodomesticos S. Coop. And Its European Subsidiaries," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 87(3), pages 433-456, December.
    7. Izaskun AGIRRE & Pedro REINARES & Amaia AGIRRE, 2014. "Antecedents To Market Orientation In The Worker Cooperative Organization: The Mondragon Group," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(3), pages 387-408, September.
    8. albanese, marina & navarra, cecilia & Tortia, Ermanno, 2017. "EQUILIBRIUM UNEMPLOYMENT AS A WORKER INSURANCE DEVICE. Wage setting in worker owned enterprises," MPRA Paper 77031, University Library of Munich, Germany.

    More about this item

    Keywords

    employee ownership; producer cooperatives; labor managed firm; productive efficiency; Mondragon;

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • P50 - Economic Systems - - Comparative Economic Systems - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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