Catching a wave: the formation of co-operatives in Finnish regions

Catching a wave: the formation of co-operatives in Finnish regions This paper compares the formation rates of co-operatives and conventional firms in Finland using regional data. The Finnish co-operative “wave” that began in the mid-1990s provides a useful setting for testing the hypothesis that co-operative formation rates are higher in depressed economic conditions. The empirical results support this hypothesis. Co-operatives are formed more often in regions with high unemployment; in contrast, conventional firms are formed more often when unemployment is low and demand growth is high. Furthermore, the existence of dedicated advisory services boosts the formation of co-operatives. These results indicate that co-operatives may play a useful role in reducing unemployment and that the formation of co-operatives may be influenced by policy measures. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Catching a wave: the formation of co-operatives in Finnish regions

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Publisher
Springer US
Copyright
Copyright © 2012 by Springer Science+Business Media, LLC.
Subject
Economics / Management Science; Management/Business for Professionals; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1007/s11187-012-9424-1
Publisher site
See Article on Publisher Site

Abstract

This paper compares the formation rates of co-operatives and conventional firms in Finland using regional data. The Finnish co-operative “wave” that began in the mid-1990s provides a useful setting for testing the hypothesis that co-operative formation rates are higher in depressed economic conditions. The empirical results support this hypothesis. Co-operatives are formed more often in regions with high unemployment; in contrast, conventional firms are formed more often when unemployment is low and demand growth is high. Furthermore, the existence of dedicated advisory services boosts the formation of co-operatives. These results indicate that co-operatives may play a useful role in reducing unemployment and that the formation of co-operatives may be influenced by policy measures.

Journal

Small Business EconomicsSpringer Journals

Published: Mar 4, 2012

References

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