WP 11 | 10 The roots of cooperative credit from a theoretical and historical perspective

One of the most relevant sectors where the cooperative offer has established itself is undoubtedly that of credit. If we consider the importance of its role, for the development of other sectors and of the territories and communities where it operates, and the economic and political power that it can consequently confer on those who manage it, some problematic aspects typical of organizations become crucial here. not-for-profit. The latter are discussed in theoretical form in the first part of the work, while in the second the first applications and the debate that accompanied them are analysed. Read More

WP 05 | 10 Working in the profit versus not for profit sector: what difference does it make? An inquiry on preferences of voluntary and involuntary movers

We investigate what is behind the profit/not for profit wage differential by comparing judgments on job characteristics of workers who voluntarily or involuntarily moved from the first to the second sector. Our findings support the differential profit/nonprofit compensation hypothesis and shed light on mechanisms that go beyond the work-donating behavior of intrinsically motivated workers. Read More

WP 04 | 10 Employment protection in worker cooperatives: tools and motivations. Analysis of a group of cooperatives in Ravenna

Italian worker cooperatives tend to accumulate a high share of profits in indivisible reserves, a fund that is unavailable and cannot be appropriated by members. The research investigates the reasons for this practice, after discussing the most frequently used interpretations. The hypothesis that is formulated is that indivisible reserves play an important role in protecting the stability of employment in cooperatives. Read More

WP 02 | 09 Italian Co-operative Law Reform and Co-operative Principles

This paper presents the principal characteristics of the new Italian co-operative law and seeks to evaluate the relationship of some of its main provisions to traditional co-operative principles. Using the Italian reforms as a starting point for debate, this paper puts forth the possibility of generalising a modified approach to co-operative regulation and principles, taking into account efficiency issues, while preserving the co-operative identity. Read More