Annals of Public and Cooperative Economics 87(3) 365-390 2016年9月 [査読有り]
This paper explores the implications of transferable shares in a cooperative firm as compared with shares in a capitalist firm. We argue that a cooperative firm issuing transferable shares is isomorphic to a capitalist firm as a business organizat...
Annals of Public and Cooperative Economics 87(2) 203-215 2016年6月 [査読有り]
It is well known that many non-profit firms coexist with government firms in industries that provide collectively consumed goods and services, such as education, healthcare, social services, and art and culture. This paper explores the specific ci...
International Journal of Social Economics 42(2) 132-142 2015年2月 [査読有り]
Purpose: It is generally recognized that consumer cooperatives are at a disadvantage when raising capital as compared to conventional capitalist firms. The purpose of this paper is to explore a method for consumer cooperatives to issue transferabl...