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Technical Efficiency of Producer Cooperatives versus Private Firms: A Longitudinal Empirical Study

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  • Magdalena Kapelko
  • José Moyano‐fuentes
  • Manuel Núñez‐nickel

Abstract

In this paper, we hypothesize that producer cooperatives are more efficient than private firms, even when the impact of the political and economic environment is controlled for, and irrespective of the orientation with which efficiency is assessed; that is, whether firms target the reduction of inputs or the expansion of outputs. The empirical application focuses on a longitudinal population of olive oil manufacturing firms operating in the south of Spain from 1944 to 1998. The analyses clearly show that producer cooperatives are more efficient than private firms.

Suggested Citation

  • Magdalena Kapelko & José Moyano‐fuentes & Manuel Núñez‐nickel, 2019. "Technical Efficiency of Producer Cooperatives versus Private Firms: A Longitudinal Empirical Study," Journal of Small Business Management, Taylor & Francis Journals, vol. 57(3), pages 909-926, July.
    • Handle: RePEc:taf:ujbmxx:v:57:y:2019:i:3:p:909-926
    DOI: 10.1111/jsbm.12385
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    Cited by:

    1. Zdeňka Náglová & Marie Šimpachová Pechrová, 2021. "Technical efficiency of the food and drink industry and its determinants," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(10), pages 409-422.

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