The crisis in global markets has severely affected the labor market, on the one hand, making it even more difficult for disadvantaged people to find new jobs and, on the other, creating new conditions of social fragility and thus new labor needs. While social cooperatives are a concrete way to respond to these emergencies, they often find themselves having to self-sustain in a highly competitive market with narrow profitability margins and restrictive spending policies. Read More
In this paper, we investigate whether capital structure differs between for-profit and nonprofit sectors by focusing on two key aspects of the latter: the non-distribution constraint and the stakeholder oriented governance system. We develop a theoretical model and show that the former negatively affects leverage, defined as the amount borrowed over the total investment, whilst the latter has a positive effect. Read More
This study intends to offer a reliable analysis of the Italian cooperative system in 2008, highlighting the economic and employment dimensions and the impact of the phenomenon. Read More
This paper presents both a new scientific network named “Study Group on European Cooperative Law” (SGECOL), and the “Principles of European Cooperative Law” (PECOL) project, which SGECOL has identified as its first research activity. Read More
El texto trata del renovado interés europeo, dentro del debate político-institucional, para la economía social. En particular se aborda el reconocimiento de la diversidad de formas de empresas después de más de dos décadas en las que, tanto el paradigma económico continental así como las comunes estrategias de desarrollo de la Unión Europea fueron monopolizadas prácticamente por el predominio del modelo de las grandes empresas capitalistas enmarcas dentro del duopolio Estado - mercado. Read More
Euricse participated in the "Progetto Donne Lavoro" initiative launched by the magazine Donna Moderna and the Vodafone Italia Foundation. The competition notice had the aim of rewarding female social enterprise by offering an opportunity for social emancipation and promotion through work. Euricse, in addition to offering technical consultancy on the topic of social enterprise, was also one of the members of the scientific evaluation committee. Read More
The essay aims to study the organizational structure, i.e. the integration between companies developed by social cooperation in Italy over its thirty years of history. In fact, to best carry out their tasks, social cooperatives make use of the Consortium, an entrepreneurial entity that almost never operates in the final part of the supply chain, rarely places itself on the finished services market, preferring to be in the middle: to produce services for businesses . Read More
The objective of the report is to examine the relationship between workers' intrinsic motivations and wage differentials within the nonprofit cooperative sector, comparing the static compensating wage differential hypothesis with a dynamic hypothesis that considers productivity as a determining factor in wages. Read More
The first part of this overall final study contains a synthesis and comparative report. This section puts forward the theoretical framework and ascertains the empirical application of the SCE Regulation and it outlines the principal features of European national cooperative legislation, presenting a comparative analysis of said legislation Read More
The second part of this final study contains, ordered by country,national reports by the national experts involved in this research; each national report is written in accordance with the guidelines provided by the scientific committee to guarantee the uniformity of contributions and the presence therein of relevant information on both SCE regulation implementation and national cooperative legislation. Read More
In this paper recent approaches to the role of social protection systems within economic development policies are discussed. Important experiences are considered, in particular those implemented in medium and low income countries, where new tools for increasing the effectiveness of social and development policies have been tried and tested. Read More
The paper offers a contribution to the understanding of the relations between incentives, satisfaction and performance of employees in social enterprises. It starts by criticizing the general hypotheses of the principal-agent theory and especially that employee satisfaction is determined exclusively by the level of salary received. Read More