Impact of institutional factors in the entrepreneurship: an analysis of the european cooperative sector

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.

Inmaculada Buendía Martínez
Inmaculada Carrasco Monteagudo
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