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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Autores principales:	Mercè Sala-Ríos, Mariona Farré-Perdiguer, Teresa Torres-Solé
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2020
Materias:	cooperatives; region; business cycle; synchronization; employment; crisis. Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/ae7e208de52b4a15ac46845aedeb9ed6
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id	oai:doaj.org-article:ae7e208de52b4a15ac46845aedeb9ed6
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spelling	oai:doaj.org-article:ae7e208de52b4a15ac46845aedeb9ed62021-11-12T13:14:37ZCooperative employment cycles in Spain. Does regional localization matter?1135-66181885-803110.5209/reve.71857https://doaj.org/article/ae7e208de52b4a15ac46845aedeb9ed62020-10-01T00:00:00Zhttps://revistas.ucm.es/index.php/REVE/article/view/71857https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031This 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.Mercè Sala-RíosMariona Farré-PerdiguerTeresa Torres-SoléAECOOP Escuela de Estudios Cooperativosarticlecooperatives; region; business cycle; synchronization; employment; crisis.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 136, Pp e71857-e71857 (2020)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	cooperatives; region; business cycle; synchronization; employment; crisis. Economics as a science HB71-74
spellingShingle	cooperatives; region; business cycle; synchronization; employment; crisis. Economics as a science HB71-74 Mercè Sala-Ríos Mariona Farré-Perdiguer Teresa Torres-Solé Cooperative employment cycles in Spain. Does regional localization matter?
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.
format	article
author	Mercè Sala-Ríos Mariona Farré-Perdiguer Teresa Torres-Solé
author_facet	Mercè Sala-Ríos Mariona Farré-Perdiguer Teresa Torres-Solé
author_sort	Mercè Sala-Ríos
title	Cooperative employment cycles in Spain. Does regional localization matter?
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?
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2020
url	https://doaj.org/article/ae7e208de52b4a15ac46845aedeb9ed6
work_keys_str_mv	AT mercesalarios cooperativeemploymentcyclesinspaindoesregionallocalizationmatter AT marionafarreperdiguer cooperativeemploymentcyclesinspaindoesregionallocalizationmatter AT teresatorressole cooperativeemploymentcyclesinspaindoesregionallocalizationmatter
_version_	1718430456121131008

Cooperative employment cycles in Spain. Does regional localization matter?

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