Matches in SemOpenAlex for { <https://semopenalex.org/work/W3155773032> ?p ?o ?g. }
Showing items 1 to 61 of
61
with 100 items per page.
- W3155773032 abstract "Standard economic theory predicts that the accumulation of capital by means of indivisible reserves would lead to underinvestment and undercapitalization due to the truncated temporal horizon of worker-members in cooperatives (the so-called “Furubotn-Pejovich effect”). An inefficiently low stock of capital would imply, other conditions being equal, lower labour productivity. We test the real effects of collective capital on productivity using a large panel of Italian worker and social cooperatives. Firm-level balance sheet data from Bureau van Dijk Aida database are used to estimate the effects of collective and individual reserves of capital on total factor productivity using an augmented Cobb-Douglas production function. Social security data on employment contracts in all Italian enterprises are used to measure firm-level full-time worker equivalents employment. Collective ownership and total factor productivity are positively and significantly related after controlling for factor productivity, individual capital ownership and other standard firm-level and sectoral controls. This result is robust to different specifications of the model and suggests a positive role of collective capital in strengthening financial sustainability, patrimonial and employment stability in the long run, favouring also firm specific investments." @default.
- W3155773032 created "2021-04-26" @default.
- W3155773032 creator A5025914458 @default.
- W3155773032 creator A5067548936 @default.
- W3155773032 creator A5087290493 @default.
- W3155773032 date "2020-01-01" @default.
- W3155773032 modified "2023-09-23" @default.
- W3155773032 title "Finance, Property Rights and Productivity in Italian Cooperatives" @default.
- W3155773032 doi "https://doi.org/10.2139/ssrn.3570682" @default.
- W3155773032 hasPublicationYear "2020" @default.
- W3155773032 type Work @default.
- W3155773032 sameAs 3155773032 @default.
- W3155773032 citedByCount "1" @default.
- W3155773032 countsByYear W31557730322022 @default.
- W3155773032 crossrefType "journal-article" @default.
- W3155773032 hasAuthorship W3155773032A5025914458 @default.
- W3155773032 hasAuthorship W3155773032A5067548936 @default.
- W3155773032 hasAuthorship W3155773032A5087290493 @default.
- W3155773032 hasBestOaLocation W31557730322 @default.
- W3155773032 hasConcept C10138342 @default.
- W3155773032 hasConcept C144133560 @default.
- W3155773032 hasConcept C162324750 @default.
- W3155773032 hasConcept C175444787 @default.
- W3155773032 hasConcept C190253527 @default.
- W3155773032 hasConcept C204983608 @default.
- W3155773032 hasConcept C34447519 @default.
- W3155773032 hasConcept C40700 @default.
- W3155773032 hasConcept C50522688 @default.
- W3155773032 hasConcept C86511162 @default.
- W3155773032 hasConceptScore W3155773032C10138342 @default.
- W3155773032 hasConceptScore W3155773032C144133560 @default.
- W3155773032 hasConceptScore W3155773032C162324750 @default.
- W3155773032 hasConceptScore W3155773032C175444787 @default.
- W3155773032 hasConceptScore W3155773032C190253527 @default.
- W3155773032 hasConceptScore W3155773032C204983608 @default.
- W3155773032 hasConceptScore W3155773032C34447519 @default.
- W3155773032 hasConceptScore W3155773032C40700 @default.
- W3155773032 hasConceptScore W3155773032C50522688 @default.
- W3155773032 hasConceptScore W3155773032C86511162 @default.
- W3155773032 hasLocation W31557730321 @default.
- W3155773032 hasLocation W31557730322 @default.
- W3155773032 hasLocation W31557730323 @default.
- W3155773032 hasLocation W31557730324 @default.
- W3155773032 hasLocation W31557730325 @default.
- W3155773032 hasLocation W31557730326 @default.
- W3155773032 hasOpenAccess W3155773032 @default.
- W3155773032 hasPrimaryLocation W31557730321 @default.
- W3155773032 hasRelatedWork W1505862031 @default.
- W3155773032 hasRelatedWork W1519118748 @default.
- W3155773032 hasRelatedWork W2022159338 @default.
- W3155773032 hasRelatedWork W2180143015 @default.
- W3155773032 hasRelatedWork W2362408073 @default.
- W3155773032 hasRelatedWork W2374467829 @default.
- W3155773032 hasRelatedWork W2842113524 @default.
- W3155773032 hasRelatedWork W3123651518 @default.
- W3155773032 hasRelatedWork W3184160027 @default.
- W3155773032 hasRelatedWork W4300931349 @default.
- W3155773032 isParatext "false" @default.
- W3155773032 isRetracted "false" @default.
- W3155773032 magId "3155773032" @default.
- W3155773032 workType "article" @default.