Affiliation:
1. University of Toronto, Canada
Abstract
Abstract
Under what conditions do cooperatively owned enterprises scale to stand alongside investor-owned firms? This article measures and attempts to explain large cooperatives’ variable prevalence across high-income capitalist democracies. Controlling for other known social, economic and geographic factors, statistical models confirm that state-mediated institutional arrangements, as operationalized through two comparative capitalism frameworks (Varieties of Capitalism and Welfare Regimes), are a significant factor in this variation. Cooperatives scale in a manner that complements arrangements in coordinated market economies, while exhibiting institutional incongruencies with those of liberal market economies and residual welfare states. Public policies which have variously enhanced or inhibited cooperatives’ ability to coordinate to scale are compared across four case countries (United States, France, Finland and New Zealand). Policy differences are shown to reflect the joint effect of state-mediated institutional arrangements alongside other control variables. They reveal how states privilege some ownership forms over others, suggesting a distinct political economy of ownership.
Funder
Hugh Hampton Young Fellowship, MIT
Publisher
Oxford University Press (OUP)
Subject
General Economics, Econometrics and Finance,Sociology and Political Science
Reference127 articles.
1. Enabling Policy Environments for Co-Operative Development: A Comparative Experience;Adeler;Canadian Public Policy,2014
2. Alternative Economic Futures: A Research Agenda for Progressive Management Scholarship;Adler;Academy of Management Perspectives,2016
3. Employer Moral Hazard and Wage Rigidity. The Case of Worker Owned and Investor Owned Firms;Albanese;International Review of Law and Economics,2015
4. Why Doesn’t the US Have a European-Style Welfare System?;Alesina;National Bureau of Economic Research,2001
5. Social Entrepreneurship and Social Enterprises: Nordic Perspectives;Andersen;Routledge,2016
Cited by
9 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献