Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production

Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production This paper draws on a comprehensive data set from Portugal to investigate the activities, internal characteristics and survival prospects of cooperatives and capitalist enterprises. Consistent with theory, high levels of market concentration and low entry costs were shown to be conducive to cooperatives. Cooperatives were found to be, on average, older and to operate with a larger, more highly educated and more productive labour force than do their capitalist counterparts. Finally, we show that cooperatives have a markedly higher probability of survival than do capitalist enterprises due, in part, to differences in industry of operation and internal characteristics. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Scale, Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production

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Publisher
Springer US
Copyright
Copyright © 2015 by Springer Science+Business Media New York
Subject
Economics / Management Science; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-015-9464-1
Publisher site
See Article on Publisher Site

Abstract

This paper draws on a comprehensive data set from Portugal to investigate the activities, internal characteristics and survival prospects of cooperatives and capitalist enterprises. Consistent with theory, high levels of market concentration and low entry costs were shown to be conducive to cooperatives. Cooperatives were found to be, on average, older and to operate with a larger, more highly educated and more productive labour force than do their capitalist counterparts. Finally, we show that cooperatives have a markedly higher probability of survival than do capitalist enterprises due, in part, to differences in industry of operation and internal characteristics.

Journal

Review of Industrial OrganizationSpringer Journals

Published: May 20, 2015

References

  • Firm and product life cycles and firm survival
    Agarwal, R; Gort, M
  • Foreign acquisition, plant survival, and employment growth
    Bandick, R; Görg, H
  • Entry, exit and establishment survival in UK manufacturing
    Disney, R; Haskel, J; Heden, Y

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