Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/42006
Título: | Are cooperatives more productive than investor-owned firms? Cross-industry evidence from Portugal |
Autor(es): | Monteiro, Natália P. Straume, Odd Rune |
Palavras-chave: | Cooperatives Investor-owned firms Productive efficiency |
Data: | Jun-2016 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | We analyse empirically whether cooperatives and investor-owned firms differ in terms of productive efficiency. Using rich Portuguese panel data covering a wide range of industries, we apply two diferent empirical approaches to estimate potential dfferences in total factor productivity between the two groups of firms. The results from our benchmark random-effects model show that cooperatives are significantly less productive, on average, than investor-owned firms. This conclusion is to a large extent confirmed by the results from System-GMM estimations. The lower productivity of cooperatives applies to a wide spectrum of industries. In six out of thirteen industries, cooperatives are outperformed by investor-owned firms in all empirical specifications considered, while there is no industry in which cooperatives are consistently found to be the more productive type of firm. |
Tipo: | Documento de trabalho |
Descrição: | NIPE working paper series; 09/2016 |
URI: | https://hdl.handle.net/1822/42006 |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE WP_09_2016.pdf | 791,64 kB | Adobe PDF | Ver/Abrir |