Producer Co‐Operatives
Bibliographic Data
| ID | 7076436 |
|---|---|
| Authors | Derek C Jones (0000-0002-9347-4306, Hamilton College, corresponding author) |
| Year | 2022 |
| Pages | 1-14 |
| Publication date | 2022-04-30 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | OTHER |
| Venue | The Blackwell Encyclopedia of Sociology (JOURNAL) |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/9781405165518.wbeosp135.pub2 |
| OpenAlex | W4320075815 |
| ISBN | 9781405165518 |
| Language | EN |
| References cited | 63 |
In producer co‐operatives (PCs), decision‐making and ownership lie with the firm's workforce. Typically, the PC sector is of marginal economic significance – interest in PCs stems primarily from features such as democratic governance. Comparing PCs with capitalist firms (CFs) we find that PCs are larger, are not confined to particular industries, have a pronounced productivity edge, and have survival rates at least as good. Entry is a key problem for PCs, and formations respond pro‐cyclically to unemployment while there are important network effects. No persuasive evidence exists for the alleged tendency of PCs to degenerate or for underinvestment. While CFs adjust employment in response to product price changes and demand shocks, in response to similar perturbations PCs adjust pay more than employment. Within‐firm inequality is lower in PCs, though this may lead to loss of talent. Evidence on worker outcomes such as job satisfaction sometimes suggests poorer outcomes for workers in PCs. Significantly larger PC sectors are unlikely to result from policies promoting “recovered” companies. To better understand many issues, improved and comparative data sets – for both sets of firms and individual enterprises, and with a broader range of crucial variables – are needed. Two underdeveloped theoretical issues are the role of co‐operative networks and the relationship between PCs and social capital
Business · Corporate governance · Economic growth · Economics · Inequality · Labour economics · Marginal product · Microeconomics · Product (mathematics · Product market · Production (economics · Productivity · Unemployment · Workforce · Cooperative Studies and Economics · Entrepreneurship Studies and Influences · Family Business Performance and Succession · Finance
The general theory of labor-managed market economies.
Industrial democracy
Workplace democracy
Governing the Firm
Participation and Democratic Theory
Worker cooperatives as an organizational alternative
The Firm in Illyria
Form and Content in Industrial Democracy
Do cooperative enterprises create social trust
British Producer Cooperatives and the Views of the Webbs on Participation and Ability to Survive 1
Intercooperation, flexicurity and their impact on workers
Identification as a Trust‐Generating Mechanism in Cooperatives
Workers’ Self-management, Recovered Companies and the Sociology of Work
Equality Under Threat by the Talented
British Producer Cooperatives in the Footware Industry
Property and Contract in Economics
Membership and Performance in Finnish Financial Cooperatives
The Political Economy of ‘Radical’ Policy
Impossible Organizations
Workers' Cooperatives and Social Enterprise
Productivity, Capital, and Labor in Labor-Managed and Conventional Firms
Lessons from the Kibbutz on the Equality-Incentives Trade-off
The Viability of Employee-Owned Firms
Multinational Expansion of Worker Cooperatives and Their Employment Practices
Wages, Employment, and Capital in Capitalist and Worker-Owned Firms
Efficiency in Employee-Owned Enterprises
Labor-Managed Cooperatives and Private Firms in North Central Italy
Worker Participation and Productivity in Labor-Managed and Participatory Capitalist Firms
Are Worker-Managed Firms More Likely to Fail Than Conventional Enterprises? Evidence from Uruguay
| Citation velocity | historical |
|---|---|
| Highly cited | No |