The effect of size on business net change during crises: a multifactor partitioning analysis of Italian regions during 2007–2010

Bianchi, Annamaria; Biffignandi, Silvia

doi:10.1007/s12076-017-0185-y

Cited by 1 publication

(2 citation statements)

References 13 publications

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“…MFP revises shift‐share analysis, first, by properly computing the effects of different factors through a separation of the effects of variables from the interactions between these variables (Ray et al., 2012; Lamarche et al., 2003). Second, MFP extends shift‐share analysis to cases that involve more than two factors (Bianchi & Biffignandi, 2017; Ray, 1996). Based on the Ray‐Srinath model, computing MFP on the employment growth rate data for each legal form observed within a given period enables its division into five effects (i.e.…”

Section: Sector Region or Legal Form: What Counts Most?mentioning

confidence: 99%

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Co‐operative enterprise anti‐cyclicality and the economic crisis: A comparative analysis of employment dynamics in Italy

Borzaga

Carini²,

Tortia

2021

Ann Public Coop Econ

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The theoretical and empirical literature reports that worker co-operatives protect employment better than investor-owned firms (IOFs) do, especially during economic downturns. This paper introduces the new hypothesis that not only worker co-operatives but all cooperative types (e.g. worker, producer, consumer, credit) protect employment better than IOFs do because they all satisfy their members' needs-instead of maximizing shareholder value-by delivering a stable stream of goods and services. A long-standing pattern in needs satisfaction implies constant activity and employment. To substantiate our hypothesis theoretically, we resort to the evolutionary interpretation of the firm as a problem solver and to the literature on organizational resilience. We test the hypothesis using the data released by the Italian Institute of Statistics for all Italian enterprises in the 1996-2008 pre-crisis and 2008-15 crisis periods.Dynamic multifactor partitioning confirms that in Italy, all typologies of co-operatives withstood the crisis better than other business forms did and that co-operatives were affected the least by economic cyclicality and employment loss.

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Section: Sector Region or Legal Form: What Counts Most?mentioning

confidence: 99%

“…It should be mentioned that some studies (Bianchi & Biffignandi, 2017; Ray, 1996) have shown that the size of businesses may have a significant impact on employment‐level changes. Therefore, sizes should be considered as a fourth dimension affecting overall employment variation.…”

Section: Sector Region or Legal Form: What Counts Most?mentioning

confidence: 99%