Spatial patterns in new firm formation: are cooperatives different?

Panel data on the entry of both worker cooperative and capitalist firms in Spain are used to test the spatial determinants at regional level. Cooperative firms in general are also included in the analysis. We focus on supply, demand and institutional factors, including specific factors of cooperativ...

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Bibliographic Details
Published in:Small business economics 2015-01, Vol.44 (1), p.171-187
Main Authors: Díaz-Foncea, Millán, Marcuello, Carmen
Format: Article
Language:English
Subjects:
Business and Management
Business economics
Capitalism
Cooperatives
Corporate culture
Entrepreneurs
Entrepreneurship
Europe
Industrial Organization
Management
Microeconomics
Organization development
Population growth
Regional government
Small & medium sized enterprises-SME
Small and medium sized enterprises
Spain
Startups
Studies
Supply and demand
Unemployment
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Summary:Panel data on the entry of both worker cooperative and capitalist firms in Spain are used to test the spatial determinants at regional level. Cooperative firms in general are also included in the analysis. We focus on supply, demand and institutional factors, including specific factors of cooperatives as model of analysis. Data are for the period 1995-2009 for NUT-2 regions in Spain, one of the European countries with a more dynamic cooperative sector. Results show the main determinant of the creation of worker cooperatives is the unemployment level, followed by the wage level in the region, the population growth and the emergence of strong cooperative culture. We also find the party in the regional government affects to the creation rate. Compared with capitalist firms, we observe a contrary sense in the influence of unemployment level and a higher importance of the influence of the governing party.
ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-014-9581-5