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dc.contributor.authorThompson, Spencer
dc.date.accessioned2015-05-18T15:36:35Z
dc.date.available2015-05-18T15:36:35Z
dc.date.issued2015-03-26
dc.identifier.citationJournal of Co-operative Organization and Management Volume 3, Issue 1, June 2015, Pages 3–13. DOI: 10.1016/j.jcom.2015.02.002en
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/247776
dc.descriptionThis is the accepted manuscript. The final version is available at http://www.sciencedirect.com/science/article/pii/S2213297X15000038.en
dc.description.abstractThis paper argues that the predominant economic theories of the firm neglect the importance of cooperation based on trust and loyalty, and that as a result, their criticisms of worker cooperatives are incomplete. While competence-based theories tend to focus exclusively on coordination and thus fail to acknowledge that the development and application of productive knowledge also involves cooperation, contract-based theories cling to a rigid model of behaviour that does not account for the type of cooperation thus involved. Thus, although contract-based theories denigrate cooperatives for failing to achieve cooperation, cooperatives may in fact be more propitiously situated than conventional firms to achieve the cooperation involved in the development and application of productive knowledge. Meanwhile, although competence-based theories imply that cooperatives are incapable of achieving coordination, cooperatives may in fact be more propitiously situated than conventional firms to achieve coordination without incurring potentially adverse effects on cooperation. This ability, however, may be suppressed by a hostile institutional environment, which biases both the options available to individuals and the way they perceive those options against cooperatives. Although inter-cooperative associations can alleviate this institutional bias, they involve structural and cultural obstacles of their own.en
dc.language.isoenen
dc.publisherElsevieren
dc.rightsAttribution-NonCommercial-NoDerivs 2.0 UK: England & Wales*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.0/uk/*
dc.subjecttheory of the firmen
dc.subjectcooperationen
dc.subjectcooperativesen
dc.subjectworker ownershipen
dc.subjectworker controlen
dc.subjecthierarchyen
dc.subjectinter-cooperationen
dc.subjectJapanese firmsen
dc.titleTowards a Social Theory of the Firm: Worker Cooperatives Reconsidereden
dc.typeArticleen
dc.type.versionaccepted versionen
prism.endingPage13
prism.issueIdentifier1
prism.publicationNameJournal of Co-operative Organization and Management
prism.startingPage3
prism.volume3
pubs.declined2017-10-11T13:54:32.702+0100
rioxxterms.versionofrecord10.1016/j.jcom.2015.02.002
rioxxterms.freetoread.startdate2016-03-26


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Attribution-NonCommercial-NoDerivs 2.0 UK: England & Wales
Except where otherwise noted, this item's licence is described as Attribution-NonCommercial-NoDerivs 2.0 UK: England & Wales