Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/65674
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 D24 J54 P12 P13 |
Data: | 1-Jun-2018 |
Editora: | Wiley |
Revista: | Annals of Public and Cooperative Economics |
Citação: | Monteiro, N. P., & Straume, O. R. (2018). Are cooperatives more productive than investor‐owned firms? Cross‐industry evidence from Portugal. Annals of Public and Cooperative Economics, 89(2), 377-414. |
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 different empirical approaches to estimate potential differences in productive efficiency. The results from our benchmark random-effects model show that cooperatives are significantly less productive, on average, than investor-owned firms, both at the aggregate level and for most of the industries considered. However, the results derived from a System-GMM approach, which is our preferred empirical strategy, are much less conclusive, and we cannot conclude that cooperatives are generally less efficient that investor-owned firms. With either approach, though, we find no evidence that cooperatives are more productive than investor-owned firms in any industry. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/65674 |
DOI: | 10.1111/apce.12201 |
ISSN: | 1370-4788 |
e-ISSN: | 1467-8292 |
Versão da editora: | https://onlinelibrary.wiley.com/doi/full/10.1111/apce.12201 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Coops_7Dec2017_complete.pdf | 955,29 kB | Adobe PDF | Ver/Abrir |