Buendía Martinez, Inmaculada; Carrasco Monteagudo, Inmaculada
September 2014
Revista de Economía Mundial;2014, Issue 38, p175
Academic Journal
The economic literature has given little attention to cooperatives. The research on them has focused on differential microeconomic behavior being macroeconomic viewpoint less frequent. Since this macroeconomic perspective, the Institutional Economics gives an interesting framework for studying cooperatives, because literature has demonstrated that the institutional dimension can improve or difficult entrepreneurship. Therefore this paper addresses the impact of some determinants of the institutional environment in the European cooperative sector using a structural equation methodology. The results reveal the importance that informal factors have a greater impact on the cooperative size.


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