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Is competition really bad news for cooperatives? Some empirical evidence for Italian producers’ cooperatives

✍ Scribed by Ornella Wanda Maietta; Vania Sena

Publisher
Springer
Year
2008
Tongue
English
Weight
337 KB
Volume
29
Category
Article
ISSN
0895-562X

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## Abstract We test the underinvestment hypothesis (the so‐called Furubotn–Pejovich effect) from the specialized literature on co‐ops by comparing the shadow price of capital and the dual capacity utilization index for a panel of Italian cooperative and conventional firms, 1996–2003. The results do