La financiación propia y ajena de las sociedades cooperativas

Paloma Bel Durán () and Josefina Fernández Guadaño ()
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Paloma Bel Durán: Universidad Complutense de Madrid, Escuela de Estudios Cooperativos
Josefina Fernández Guadaño: Universidad Complutense de Madrid, Escuela de Estudios Cooperativos

CIRIEC-España, revista de economía pública, social y cooperativa, 2002, issue 42, 101-130

Abstract: This paper analyses the co-operative financial structure and compares it with the structure of conventional capitalist companies, showing the advantages and disadvantages of each form of finance. At the same time, we propose a classification of the different sources of co-operative company liabilities taking into account their singular characteristics and grouping liabilities into two large items; internal and external resources. Lastly, the paper makes reference to the new permanent methods of fund raising included in the Co-operatives Act 27/1999, which in order to facilitate business development of this business format has introduced novelties which could distort the workings and putting into use of some corporate principles.

Keywords: Co-operatives companies; financial structure; internal finance; external finance; new finance instruments. (search for similar items in EconPapers)
JEL-codes: G31 G32 P13 (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:cic:revcir:y:2002:i:42:p:101-130

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