Las cooperativas vascas ante un futuro incierto

Saioa Arando Lasagabaster and Iñaki Peña Legazkue
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Saioa Arando Lasagabaster: Universidad de Deusto
Iñaki Peña Legazkue: Instituto Vasco de Competitividad (Universidad de Deusto)

EKONOMIAZ. Revista vasca de Economía, 2006, vol. 62, issue 02, 100-123

Abstract: In this study, we examine the effect of market environment and agglomeration economies on market entry. More specifically, a comparative analysis is conducted to identify the determinants of entry of three associative legal forms at firm start-up: worker cooperatives, public-owned and limited-liability companies. Our results suggest that market entry of cooperatives is influenced by economic growth and market structure. Furthermore, our study confirms that a strong cooperative culture in a local economy not only contributes to the formation and development of cooperative firms, but also to the creation of organizations with different legal forms such as public owned companies, adding greater corporate diversity and enhancing local economic development. However the low rotation and the insignificant substitution capacity that characterize new cooperatives, place the Basque cooperative movement in an uncertain scenario in the near future.

Keywords: cooperativas; creación de empresas; cultura empresarial (search for similar items in EconPapers)
JEL-codes: M13 M14 R3 (search for similar items in EconPapers)
Date: 2006
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