Cooperative employment cycles in Spain. Does regional localization matter?

Los ciclos del empleo de las cooperativas en España. ¿Importa la localización regional?

Mercè Sala-Ríos (), Mariona Farré-Perdiguer () and Teresa Torres-Solé ()
Additional contact information
Mercè Sala-Ríos: Universidad de Lleida, España.
Mariona Farré-Perdiguer: Universidad de Lleida, España.
Teresa Torres-Solé: Universidad de Lleida, España.

REVESCO: Revista de estudios cooperativos, 2020, issue 136, e71857

Abstract: This paper presents a territorial analysis of the cooperatives within various Spanish regions. The purpose is threefold. The first objective is to investigate whether the cooperatives’ employment cycle shows a different relationship regarding the business cycle and whether this depends on the regional localization of the cooperatives. The second is to evaluate whether the greater the cooperative tradition, the greater the decoupling between business cycle and cooperatives’ cyclical phases. The third objective is to find out if, within the different Spanish regions, those cooperatives that survived the 2008 crisis share some common patterns. Our results show that (1) more than 50% of the regions achieve a medium degree of a pro-cyclical relationship and that only a small group of regions presents a counter-cyclical relationship; (2) the cooperatives' employment exhibits a certain degree of resilience; and (3) the cooperatives that survived the crisis were mature, small-sized firms with adequate financial ratios but with a negative profit margin.

Keywords: Cooperatives; Region; Business cycle; Synchronization; Employment; Crisis.; Cooperativas; Región; Ciclo económico; Sincronización; Empleo; Crisis. (search for similar items in EconPapers)
JEL-codes: J54 L23 L31 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eprints.ucm.es/id/eprint/63901/1/2020-136(e71857).pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucm:reveco:y:2020:i:136:p:e71857

Ordering information: This journal article can be ordered from
Escuela de Estudios Cooperativos. Universidad Complutense de Madrid. Despacho 46 Pabellón 6º. Campus de Somosaguas. 28223 Pozuelo de Alarcón, Madrid, España

DOI: 10.5209/REVE.71857

Access Statistics for this article

REVESCO: Revista de estudios cooperativos is currently edited by Escuela de Estudios Cooperativos, Universidad Complutense de Madrid

More articles in REVESCO: Revista de estudios cooperativos from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Escuela de Estudios Cooperativos Contact information at EDIRC.
Bibliographic data for series maintained by Águeda González Abad ().