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Changes in the Italian economy: the cooperatives

Author

Listed:
  • Chiara Bentivogli

    (Banca d'Italia)

  • Eliana Viviano

    (Banca d'Italia)

Abstract

This work compares cooperatives with other firms along two lines: (1) a description of structural development; and (2) a comparison of the strategies in response to the changes in the competitive environment in the last decade. Between 2001 and 2009, compared with other types of firms, Italian cooperatives maintained their greater size, lower labour productivity and labour costs, and a similar level of profit margins. A survey conducted on a sample of cooperatives located in the region of Emilia-Romagna shows that cooperatives have adapted their strategies to the new context in the same way as other firms. Cooperatives are still more focused on core business and differentiate their products less; this exposes them to greater price competition.

Suggested Citation

  • Chiara Bentivogli & Eliana Viviano, 2012. "Changes in the Italian economy: the cooperatives," Questioni di Economia e Finanza (Occasional Papers) 113, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_113_12
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2012-0113/QEF_113.pdf
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    Cited by:

    1. Anne Musson & Damien Rousselière, 2020. "Exploring the effect of crisis on cooperatives: a Bayesian performance analysis of French craftsmen cooperatives," Applied Economics, Taylor & Francis Journals, vol. 52(25), pages 2657-2678, May.
    2. Chiara Carini & Ericka Costa, 2013. "Exploring the performance of social cooperatives during the economic crisis: the Italian case," Euricse Working Papers 1359, Euricse (European Research Institute on Cooperative and Social Enterprises).
    3. Musson, Anne & Rousselière, Damien, 2020. "Identifying the impact of crisis on cooperative capital constraint. A short note on French craftsmen cooperatives," Finance Research Letters, Elsevier, vol. 35(C).
    4. Carlo Borzaga & Manlio Calzaroni & Chiara Carini & Massimo Lori, 2019. "Structure and Performance of Italian Cooperatives: A Quantitative Analysis Based on Combined Use of Official Data," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 8(1), pages 65-83.
    5. Carlo BORZAGA & Manlio CALZARONI & Chiara CARINI & Massimo LORI, 2019. "Italian cooperatives: an analysis of their economic performances, employment characteristics and innovation processes based on combined used of official data," CIRIEC Working Papers 1906, CIRIEC - Université de Liège.

    More about this item

    Keywords

    cooperatives; strategies; governance;
    All these keywords.

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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