|Appears in Collections:||Faculty of Social Sciences Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The potential of co-operatives during the current recession; theorizing comparative advantage|
co-operative business model
resilience during recession
|Publisher:||European Research Institute on Cooperative and Social Enterprises|
|Citation:||Birchall J (2013) The potential of co-operatives during the current recession; theorizing comparative advantage, Journal of Entrepreneurial and Organizational Diversity, 2 (1), pp. 1-22.|
|Abstract:||This paper asks how effective are co-operatives at surviving economic recession, and whether they can grow at the expense of investor-owned businesses and provide an alternative business model that is fairer, more stable and less risky. The paper begins by providing historical evidence concerning the resilience of co-operatives during economic crises. Then, taking a ‘member-owned business' approach, it analyses the comparative advantages and disadvantages of co-ops along three dimensions: ownership, control and benefit. It broadens this out to consider advantages to the wider society, and theorises comparative advantages of other business types. It concludes by asking what it would take for the co-operative potential to be realized.|
|Rights:||Publisher is open-access. Open access publishing allows free access to and distribution of published articles where the author retains copyright of their work by employing a Creative Commons attribution licence. Proper attribution of authorship and correct citation details should be given.|
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