Cooperatives as a modern form of business: how to reconcile economic efficiency and social expectations

Justine Valette (), Paul Amadieu () and Patrick Sentis ()
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Justine Valette: MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier
Paul Amadieu: MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier
Patrick Sentis: MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier

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Abstract: This paper analyses cooperatives as an efficient economic response to social expectations. Cooperatives have long been considered only from the perspective that they suffer from property rights constraints and consequently have attracted little interest. In this article, we demonstrate that cooperatives are actually a modern form of organization that is able to balance economic constraints and new societal expectations. We suggest that a renewed theoretical framework should be adopted in research on cooperatives. We further argue that member commitment remains key to overcoming recent challenges. The path to success demands that cooperatives' principles and values be bounded by economic concerns.

Keywords: cooperatives; efficiency; social (search for similar items in EconPapers)
Date: 2016-06-01
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Published in 16th Annual EURAM Conference (European Association of Academy of Management), Jun 2016, Paris, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02152894

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