Marcora for Europe:

Gonza, Tej; Ellerman, David; Berkopec, Gregor; Žgank, Tea; Široka, Timotej

doi:10.21552/estal/2021/1/8

Cited by 5 publications

(1 citation statement)

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“…The legal understanding of the cooperative phenomena offers valuable insights into the prevalence of WCs in Italy. The growing interest towards the Italian cooperative legislation as a benchmark for upcoming legal initiatives in support of employee-owned companies, cooperatives and mutuals in other countries testifies the importance of such an analysis (Gonza et al. , 2021; Mygind and Poulsen, 2021; Co-operatives UK, 2021).…”

Section: The Italian Cooperative Legislationmentioning

confidence: 99%

Worker cooperatives in Italy: legislation, prevalence and recent trends

Lomuscio,

Tortia,

Cori

2023

JPEO

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PurposeIn Italy, worker cooperatives (WCs), whose workers hold major control rights over collectively-owned assets, are the leading vehicle for the promotion and development of employee ownership. Worker cooperatives are present in all regions and in most economic sectors, employing about 506,000 workers and generating a turnover of about €22 bn. Despite their history and diffusion, the high prevalence of WCs in Italy is under-researched and -thematised and requires new research.Design/methodology/approachThe paper leverages unpublished primary and secondary data from Centro Studi Legacoop databank, the Aida-Bureau Van Dijk databank and the Cooperative Registry of the Ministry of Economic Development (CRMED) to explain the spread of WCs in Italy.FindingsThis paper reveals descriptive statistics of WCs and investigates their distribution across economic sectors and regions, their economic and financial performance and gives an overview of the relevant legislation. The paper indicates that older small- and medium-sized cooperatives located in central and north-eastern Italy perform best economically. However, in recent years, an increasing number of young cooperatives has emerged in South Italy thanks to favourable legislation, cooperative finance and the diffusion of cooperative know-how. Limitations to such results are reported in the conclusions.Originality/valueThe paper sheds light on past and recent development trends of WCs in Italy, highlights their growth in South Italy and revitalises the debate on the drivers, structures and rationales of employee-owned enterprises in Italy. Findings generate implications for research and practice. Given the tendency of WCs to better protect jobs than investor-owned enterprises, the spread of these enterprises may help workers find better and more stable jobs, counter-cyclically mitigating the dangerous effects of macro- and meso-economic fluctuations and instability.

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Section: The Italian Cooperative Legislationmentioning

confidence: 99%

Worker cooperatives in Italy: legislation, prevalence and recent trends

Lomuscio,

Tortia,

Cori

2023

JPEO

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A critical analysis of different forms of employee ownership

Ellerman,

Gonza

2024

International Review of Applied Economics

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Workers buyout cooperatives: A structured literature review and a research agenda

Di Stefano,

Fratocchi,

Picciotti

2023

Economic and Industrial Democracy

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This article aims to present and discuss the results of a systematic literature review on workers buyout (WBO) cooperatives. More specifically the authors analyzed 44 documents, comprising 29 journal articles and 15 book chapters published up to December 2022 based on the ‘5Ws and 1H’ (who-what-where-when-why and how) questions. The findings show that the authors of these documents mostly focused on the definition of cooperatives, and the triggers of the operation, while stages of the decision-making and implementation process are rarely investigated, in particular those following the constitution of the WBO cooperative. Avenues for further research are then presented and discussed at the level of a single cooperative, country/market and policy maker. Lastly, the article provides a useful operational reference for implementing a WBO operation.

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Marcora for Europe:

Cited by 5 publications

References 0 publications

Worker cooperatives in Italy: legislation, prevalence and recent trends

Worker cooperatives in Italy: legislation, prevalence and recent trends

A critical analysis of different forms of employee ownership

Workers buyout cooperatives: A structured literature review and a research agenda

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