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A number of competing views are swirling around the literature
concerning the impact of globalization on the ability of
cooperatives to survive. This 10th volume of the Advances in the
Economic Analysis of Participatory & Labor-Managed Firms series
wants to understand some of these elements in the evolution of
cooperatives in a world where globalization seems to be the driving
force behind innovative forms of organization. In keeping with the
main focus of the economics literature, the volume is focused on
worker and producer cooperatives. This issue contains eleven papers
and is organized into three parts: the first part collects
empirical studies on producers cooperatives in Israel, Italy, Spain
and Canada. The second part focuses on theoretical advances in the
literature on cooperatives with the objective of understanding the
conditions that explain co-ops longevity. Finally the third part
documents the expansion into the global markets of the Mondragn
Cooperative Corporation.
*Contains original research on cooperatives.
*Focuses on the impact of globalization on the cooperatives
performance and survival.
*Contains a mix of empirical and theoretical research.
Collateral - generally defined as an asset used to provide security
for a lender's loan - is an important feature of credit contracts
and all the available evidence suggests that its use is getting
more pervasive. This informative book builds upon recent research
into this topic. Sena analyses three case-studies that revolve
around the impact that financial constraints have on economic
outcomes. In the first case-study, the relationship between firms'
technical efficiency and increasing financial pressure is explored.
The author then goes on to show, in the second case study, that
under specific circumstances, increasing financial pressure and
increasing product market competition can jointly have a positive
impact on firms' technical efficiency, while not being true for all
types of firms. In the third case, she analyses the impact that
finance constraints have on women's start-ups. Unique and
revealing, this is the first book to deal so extensively with the
topic of collateral, and as such, is a valuable reference to
postgraduates and professionals in the fields of macroeconomics,
monetary and business economics.
Collateral - generally defined as an asset used to provide security
for a lender's loan - is an important feature of credit contracts
and all the available evidence suggests that its use is getting
more pervasive. This informative book builds upon recent research
into this topic. Sena analyses three case-studies that revolve
around the impact that financial constraints have on economic
outcomes. In the first case-study, the relationship between firms'
technical efficiency and increasing financial pressure is explored.
The author then goes on to show, in the second case study, that
under specific circumstances, increasing financial pressure and
increasing product market competition can jointly have a positive
impact on firms' technical efficiency, while not being true for all
types of firms. In the third case, she analyses the impact that
finance constraints have on women's start-ups. Unique and
revealing, this is the first book to deal so extensively with the
topic of collateral, and as such, is a valuable reference to
postgraduates and professionals in the fields of macroeconomics,
monetary and business economics.
AI and Business Models summarizes the literature on AI and business
model innovation. The main hypothesis is that the deployment of AI
across an industry creates new mechanisms for value creation in an
industry and in turn results in new firms generating value in an
industry as incumbent firms may no longer be as competitive as in
the past - the so called "value migration" phenomenon. Given the
lack of data on AI, this monograph relies on qualitative studies as
well as grey literature that underpins much of the research in the
field. In this respect, a key purpose of the exercise is to
identify where formal research is needed to help us to understand
how business models change as the diffusion of AI across economies
accelerates. Following an introduction, section 2 provides a brief
introduction to AI and its different varieties. Section 3 focuses
on value migration in an industry and business models. Section 4
provides a taxonomy of the new business models that have emerged as
a result of AI and discusses the main features of these new
business models. Section 5 analyzes the key factors that drive the
emergence of new business models. Finally, Section 6 offers
concluding remarks as well as reflections on existing gaps in our
knowledge of business models that can inform future research in the
field.
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