Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives

Anne Musson and Damien Rousselière

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Abstract: This paper aims at understanding the economic performance of craftsmen cooperatives during the crisis period. These cooperatives have the distinctive feature of being supply cooperatives. We use an exhaustive dataset for the French craftsmen cooperatives (2004-2014). We estimate Bayesian Translog econometric models in order to underline the impact of the 2008 crisis on these cooperatives. On the one hand, cooperatives' turnover contracts during the crisis, the effect is lower for elder cooperatives and varies across sectors. On the other hand, there is convergence towards the mean for the various generations of cooperatives. Theses findings are robust to alternative econometric specifications.

Keywords: crisis; production function; coopérative; fonction de production; performance; crise (search for similar items in EconPapers)
Date: 2018
Note: View the original document on HAL open archive server: https://hal.science/hal-01911612v1
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Published in [University works] Inconnu. 2018, 44 p

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Related works:
Working Paper: Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives (2018)
Working Paper: Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives (2018)
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