Democratic firms and economic success. The co-op model

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 per...

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Autores principales:	María José Cabaleiro Casal, Carlos Iglesias Malvido, Rocío Martínez Fontaíña
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2019
Materias:	Co-op principles Co-op objectives Economic participation Democratic management Decision costs Economic surplus Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/872fe09890744b79ad8ad5d690d2863f
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spelling	oai:doaj.org-article:872fe09890744b79ad8ad5d690d2863f2021-11-12T13:14:36ZDemocratic firms and economic success. The co-op model10.5209/reve.654821135-66181885-8031https://doaj.org/article/872fe09890744b79ad8ad5d690d2863f2019-09-01T00:00:00Zhttps://revistas.ucm.es/index.php/REVE/article/view/65482https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031 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. María José Cabaleiro CasalCarlos Iglesias MalvidoRocío Martínez FontaíñaAECOOP Escuela de Estudios CooperativosarticleCo-op principlesCo-op objectivesEconomic participationDemocratic managementDecision costsEconomic surplusEconomics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 132 (2019)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	Co-op principles Co-op objectives Economic participation Democratic management Decision costs Economic surplus Economics as a science HB71-74
spellingShingle	Co-op principles Co-op objectives Economic participation Democratic management Decision costs Economic surplus Economics as a science HB71-74 María José Cabaleiro Casal Carlos Iglesias Malvido Rocío Martínez Fontaíña Democratic firms and economic success. The co-op model
description	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.
format	article
author	María José Cabaleiro Casal Carlos Iglesias Malvido Rocío Martínez Fontaíña
author_facet	María José Cabaleiro Casal Carlos Iglesias Malvido Rocío Martínez Fontaíña
author_sort	María José Cabaleiro Casal
title	Democratic firms and economic success. The co-op model
title_short	Democratic firms and economic success. The co-op model
title_full	Democratic firms and economic success. The co-op model
title_fullStr	Democratic firms and economic success. The co-op model
title_full_unstemmed	Democratic firms and economic success. The co-op model
title_sort	democratic firms and economic success. the co-op model
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2019
url	https://doaj.org/article/872fe09890744b79ad8ad5d690d2863f
work_keys_str_mv	AT mariajosecabaleirocasal democraticfirmsandeconomicsuccessthecoopmodel AT carlosiglesiasmalvido democraticfirmsandeconomicsuccessthecoopmodel AT rociomartinezfontaina democraticfirmsandeconomicsuccessthecoopmodel
_version_	1718430507647107072

Democratic firms and economic success. The co-op model

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