Cooperative employment cycles in Spain. Does regional localization matter?

This paper presents a territorial analysis of the cooperatives within various Spanish regions. The purpose is threefold. The first objective is to investigate whether the cooperatives’ employment cycle shows a different relationship regarding the business cycle and whether this depends on the region...

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Authors: Sala Ríos, Mercé, Ferré Perdigué, Mariona, Torres Solé, Teresa
Format: article
Publication Date:2020
Country:España
Institution:Universidad Complutense de Madrid (UCM)
Repository:Docta Complutense
Language:English
OAI Identifier:oai:docta.ucm.es:20.500.14352/7777
Online Access:https://hdl.handle.net/20.500.14352/7777
Access Level:Open access
Keyword:J54
L23
L31
Cooperatives
Region
Business cycle
Synchronization
Employment
Crisis.
Cooperativas
Región
Ciclo económico
Sincronización
Empleo
Trabajo
id ES_0dca3f3308f9c005e362a3e6213fe3fb
oai_identifier_str oai:docta.ucm.es:20.500.14352/7777
network_acronym_str ES
network_name_str España
repository_id_str
spelling Cooperative employment cycles in Spain. Does regional localization matter?Los ciclos del empleo de las cooperativas en España. ¿Importa la localización regional?Sala Ríos, MercéFerré Perdigué, MarionaTorres Solé, TeresaJ54L23L31CooperativesRegionBusiness cycleSynchronizationEmploymentCrisis.CooperativasRegiónCiclo económicoSincronizaciónEmpleoTrabajoCooperativasThis paper presents a territorial analysis of the cooperatives within various Spanish regions. The purpose is threefold. The first objective is to investigate whether the cooperatives’ employment cycle shows a different relationship regarding the business cycle and whether this depends on the regional localization of the cooperatives. The second is to evaluate whether the greater the cooperative tradition, the greater the decoupling between business cycle and cooperatives’ cyclical phases. The third objective is to find out if, within the different Spanish regions, those cooperatives that survived the 2008 crisis share some common patterns. Our results show that (1) more than 50% of the regions achieve a medium degree of a pro-cyclical relationship and that only a small group of regions presents a counter-cyclical relationship; (2) the cooperatives' employment exhibits a certain degree of resilience; and (3) the cooperatives that survived the crisis were mature, small-sized firms with adequate financial ratios but with a negative profit margin.Facultad de Ciencias Económicas y Empresariales. Escuela de Estudios CooperativosUniversidad Complutense de Madrid20202020-01-0120202020-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.14352/7777reponame:Docta Complutenseinstname:Universidad Complutense de Madrid (UCM)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución 3.0 Españahttps://creativecommons.org/licenses/by/3.0/es/info:eu-repo/semantics/openAccessoai:docta.ucm.es:20.500.14352/77772026-06-02T12:44:21Z
dc.title.none.fl_str_mv Cooperative employment cycles in Spain. Does regional localization matter?
Los ciclos del empleo de las cooperativas en España. ¿Importa la localización regional?
title Cooperative employment cycles in Spain. Does regional localization matter?
spellingShingle Cooperative employment cycles in Spain. Does regional localization matter?
Sala Ríos, Mercé
J54
L23
L31
Cooperatives
Region
Business cycle
Synchronization
Employment
Crisis.
Cooperativas
Región
Ciclo económico
Sincronización
Empleo
Trabajo
Cooperativas
title_short Cooperative employment cycles in Spain. Does regional localization matter?
title_full Cooperative employment cycles in Spain. Does regional localization matter?
title_fullStr Cooperative employment cycles in Spain. Does regional localization matter?
title_full_unstemmed Cooperative employment cycles in Spain. Does regional localization matter?
title_sort Cooperative employment cycles in Spain. Does regional localization matter?
dc.creator.none.fl_str_mv Sala Ríos, Mercé
Ferré Perdigué, Mariona
Torres Solé, Teresa
author Sala Ríos, Mercé
author_facet Sala Ríos, Mercé
Ferré Perdigué, Mariona
Torres Solé, Teresa
author_role author
author2 Ferré Perdigué, Mariona
Torres Solé, Teresa
author2_role author
author
dc.contributor.none.fl_str_mv Universidad Complutense de Madrid
dc.subject.none.fl_str_mv J54
L23
L31
Cooperatives
Region
Business cycle
Synchronization
Employment
Crisis.
Cooperativas
Región
Ciclo económico
Sincronización
Empleo
Trabajo
Cooperativas
topic J54
L23
L31
Cooperatives
Region
Business cycle
Synchronization
Employment
Crisis.
Cooperativas
Región
Ciclo económico
Sincronización
Empleo
Trabajo
Cooperativas
description This paper presents a territorial analysis of the cooperatives within various Spanish regions. The purpose is threefold. The first objective is to investigate whether the cooperatives’ employment cycle shows a different relationship regarding the business cycle and whether this depends on the regional localization of the cooperatives. The second is to evaluate whether the greater the cooperative tradition, the greater the decoupling between business cycle and cooperatives’ cyclical phases. The third objective is to find out if, within the different Spanish regions, those cooperatives that survived the 2008 crisis share some common patterns. Our results show that (1) more than 50% of the regions achieve a medium degree of a pro-cyclical relationship and that only a small group of regions presents a counter-cyclical relationship; (2) the cooperatives' employment exhibits a certain degree of resilience; and (3) the cooperatives that survived the crisis were mature, small-sized firms with adequate financial ratios but with a negative profit margin.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01
2020
2020-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.14352/7777
url https://hdl.handle.net/20.500.14352/7777
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución 3.0 España
https://creativecommons.org/licenses/by/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución 3.0 España
https://creativecommons.org/licenses/by/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Facultad de Ciencias Económicas y Empresariales. Escuela de Estudios Cooperativos
publisher.none.fl_str_mv Facultad de Ciencias Económicas y Empresariales. Escuela de Estudios Cooperativos
dc.source.none.fl_str_mv reponame:Docta Complutense
instname:Universidad Complutense de Madrid (UCM)
instname_str Universidad Complutense de Madrid (UCM)
reponame_str Docta Complutense
collection Docta Complutense
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869403359261229056
score 15,300719

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