Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production

Natália Monteiro and Geoff Stewart ()

Review of Industrial Organization, 2015, vol. 47, issue 1, 118 pages

Abstract: 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 force than do their capitalist counterparts. Finally, we show that cooperatives have a markedly higher probability of survival than do capitalist enterprises due, in part, to differences in industry of operation and internal characteristics. Copyright Springer Science+Business Media New York 2015

Keywords: Cooperatives; Capitalist firms; Firm ownership; J54; P12 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Working Paper: Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production (2013)
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DOI: 10.1007/s11151-015-9464-1

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