SOTA Review

From Cooperative Principles to Performance.

ERC SOTA Review No 32

Associated Themes
  • Productivity and performance

Despite the fact that cooperative firms have been thoroughly studied in the specific fields of Economics and Management, they still constitute a black box with many unknown aspects, among which cooperative performance stands out. These firms are based on specific values such as equity, democracy or solidarity, which make them different from conventional firms. In practice, these values are translated into the so-called “cooperative principles”; a set of specific behaviours that direct the way of developing their business activities and guide their day-to-day tasks. In this context, the research carried out has mainly focused on clarifying whether these particularities of cooperatives do influence their performance and if this performance is different from that of conventional firms.