RT Journal Article
T1 Democratic firms and economic success. The co-op model
T2 Empresas democráticas y éxito económico. El modelo cooperativo
A1 Cabaleiro Casal, María José
A1 Iglesias Malvido, Carlos
A1 Martínez Fontaíña, Rocío
K1 53 Ciencias Económicas
K1 5311 Organización y Dirección de Empresas
AB This paper analyzes how co-operative principles, particularly democratic management, affect the co-op’s economic objective. The theoretical model specifies the characteristics presented by the production function so democracy generates positive net income. Costs derived from maintaining the one person one vote criterion are explicitly incorporated into this function upon new membership. The results show that democracy contributes to the economic success when the decision-making strategy followed by the partners considers all cooperative principles, especially when a retained earnings policy is regularly applied. This study can be extended to all of Social Economy firms concerned about reinforcing democratic institutions through the business sector. This study can be extended to all of Social Economy firms concerned about reinforcing democratic institutions through the business sector.
PB REVESCO Revista de Estudios Cooperativos
SN 18858031
YR 2019
FD 2019-09-06
LK http://hdl.handle.net/11093/4164
UL http://hdl.handle.net/11093/4164
LA eng
NO REVESCO Revista de Estudios Cooperativos, 132, 29-45 (2018)
DS Investigo
RD 12-dic-2024