Author(s):
Monteiro, Natália 
; Stewart, Geoff
Date: 2013
Persistent ID: http://hdl.handle.net/1822/24134
Origin: RepositóriUM - Universidade do Minho
Subject(s): Cooperatives; Capitalist firms; Firm ownership
Document details
Scale, scope and survival : a comparison of cooperative and capitalist modes of...
Description
This paper draws on a comprehensive data set from Portugal to investigate the activities, internal characteristics and survival prospects of cooperatives and capitalist enterprises. Consistent with theory, high levels of market concentration and low entry costs were shown to be conducive to cooperatives. Cooperatives were found to be, on average, older and to operate with a larger, more highly educated and more productive labour forces than their capitalist counterparts. Finally, we show that cooperatives have a markedly higher probability of survival than capitalist enterprises, even after controlling for industry and fi rm characteristics.
This paper draws on a comprehensive data set from Portugal to investigate the activities, internal characteristics and survival prospects of cooperatives and capitalist enterprises. Consistent with theory, high levels of market concentration and low entry costs were shown to be conducive to cooperatives. Cooperatives were found to be, on average, older and to operate with a larger, more highly educated and more productive labour forces than their capitalist counterparts. Finally, we show that cooperatives have a markedly higher probability of survival than capitalist enterprises, even after controlling for industry and fi rm characteristics.
Document Type
Research paper
Language English
Language English
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