Abstract
This study compares the efficiency of firms with different organizational form, cooperatives and investor owned firms (IOFs). This comparison was effected taking into account differences in property rights and transaction costs. The comparative analysis of productive efficiency was performed in terms of total factor productivity using a sample of Spanish firms. The calculation was made by means of data panel methodology over a period of five years. The results obtained showed that cooperatives are more efficient than IOFs. However, there are no statistically significant differences between the form of governance of transactions within the collective of IOFs firms. Additionally, the results also indicated that the most efficient firms are those with the greatest degree of differentiation in their products. The article also provides us with theoretical and empirical guidelines, in order to make an accurate comparison of these aspects. Key words: Organizational form, transaction costs, property rights, efficiency.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
