Cooperative Entrepreneurship Model for Sustainable Development

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Fernández Guadaño, Josefina and López Millán, Manuel and Sarria Pedoza, Jesús H (2020) Cooperative Entrepreneurship Model for Sustainable Development. Sustainability, 12 (13). pp. 1-12. ISSN 2071-1050

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Official URL: https://doi.org/10.3390/su12135462



Abstract

The main objective of this research is to contribute to the economic literature on cooperative entrepreneurship as a model for sustainable development, taking into account the special alignment of the cooperative principles (ICA) with the UN Sustainable Development Goals (SDGs). It offers new empirical evidence from Spain, based on Stakeholder Theory, about the differences between cooperatives (Coops) and Capitalist Firms (CFs) in relation to the distribution of economic value between the different stakeholders. For this purpose, panel data was analysed using the Correlated Random Effects approach. The results reveal that cooperative firms generate value for some of the stakeholders analysed, specifically for their partners and creditors, but no significant differences have been found with CFs in terms of workers and the state. In both cases, it can be inferred that the period analysed has influenced the results, since it has been found that, first, cooperatives adjust wages downward rather than dismiss workers during a recession, which is in line with previous research, and second, that their tax contribution to the state is lower because they are subject to a more favourable tax system in Spain.


Item Type:Article
Uncontrolled Keywords:Cooperatives; Sustainability; Social economy; Spain.
Subjects:Social sciences > Economics > Economic development
Social sciences > Economics > Cooperatives
ID Code:65222
Deposited On:30 Apr 2021 08:54
Last Modified:30 Apr 2021 10:36

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