Modeling the governance of cooperative firms

  • Harold Paredes-Frigolett
  • Pablo Nachar-Calderón
  • Carmen Marcuello
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Abstract

Most studies of cooperative firms have been conducted using neoclassically inspired economic models that consider the characteristics and behavior of capitalist companies and their owners, thus failing to accommodate the wide range of criteria that motivate the creation of cooperative firms. These models have traditionally been at odds with the real objectives of cooperative firms due to their inability to accommodate a series of often conflicting criteria. We put forth a set-theoretic model of governance of cooperative firms that allows us to investigate how different models of cooperative governance can be implemented and how cooperative decision-making can be solved using a multicriteria decision analysis approach.

Keywords

Cooperative firms Cooperative behavior Corporate governance Multicriteria decision analysis Common goods theory 

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Copyright information

© Springer Science+Business Media New York 2016

Authors and Affiliations

  • Harold Paredes-Frigolett
    • 1
  • Pablo Nachar-Calderón
    • 1
  • Carmen Marcuello
    • 2
  1. 1.Faculty of Economics and BusinessDiego Portales UniversityHuechurabaChile
  2. 2.Department of Business AdministrationUniversity of ZaragozaZaragozaSpain

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