出版社：Servicio central de publicacion. Gobierno Vasco
摘要：In this study, we examine the effect of market environment and agglomeration economies on market entry. More specifically, a comparative analysis is conducted to identify the determinants of entry of three associative legal forms at firm start-up: worker cooperatives, public-owned and limited-liability companies. Our results suggest that market entry of cooperatives is influenced by economic growth and market structure. Furthermore, our study confirms that a strong cooperative culture in a local economy not only contributes to the formation and development of cooperative firms, but also to the creation of organizations with different legal forms such as public owned companies, adding greater corporate diversity and enhancing local economic development. However the low rotation and the insignificant substitution capacity that characterize new cooperatives, place the Basque cooperative movement in an uncertain scenario in the near future.
