RT Journal Article
T1 Cooperative Entrepreneurship Model for Sustainable Development
A1 Fernández Guadaño, Josefina
A1 López Millán, Manuel
A1 Sarria Pedoza, Jesús H
AB 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.
PB MDPI
SN 2071-1050
YR 2020
FD 2020
LK https://hdl.handle.net/20.500.14352/8081
UL https://hdl.handle.net/20.500.14352/8081
LA eng
DS Docta Complutense
RD 27 sept 2024