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The resilience of the cooperative model: How do cooperatives deal with the COVID-19 crisis?

Billiet, Adrien; Dufays, Frédéric; Friedel, Stefanie et al.

2021 • In Strategic Change, 30 (2), p. 99-108

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https://hdl.handle.net/2268/262890

DOI
10.1002/jsc.2393

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Keywords :

embeddedness; cooperatives; COVID-19; crisis; resilience; user-centrality

Abstract :

[en] The centrality of user-members in cooperatives and cooperatives' embeddedness in their community and in a global network influence positively their resilience in times of crisis, as illustrated by cases of cooperatives that acted entrepreneurially during the COVID-19 crisis. Cooperatives are hybrid organizations that maximize value, instead of profit. They are owned, governed, and controlled by their members. They are more resilient than the conventional enterprises in times of crisis, thanks to their peculiar governance characteristics that ensure member centrality. Next to member centrality, the embeddedness of cooperatives in their local environment and a global movement enhances mission centrality as well as trust and solidarity among their members, local communities, and other cooperatives.

Disciplines :

Social economics
General management, entrepreneurship & organizational theory

Author, co-author :

Billiet, Adrien ^✱; KU Leuven

Dufays, Frédéric ^✱; KU Leuven

Friedel, Stefanie ^✱; KU Leuven

Staessens, Matthias ^✱; KU Leuven

^✱ These authors have contributed equally to this work.

Language :

English

Title :

The resilience of the cooperative model: How do cooperatives deal with the COVID-19 crisis?

Publication date :

2021

Journal title :

Strategic Change

ISSN :

1086-1718

Publisher :

John Wiley & Sons

Volume :

30

Issue :

2

Pages :

99-108

Peer reviewed :

Peer Reviewed verified by ORBi

Funders :

FWO - Fonds Wetenschappelijk Onderzoek Vlaanderen
KU Leuven - Katholieke Universiteit Leuven

Available on ORBi :

since 01 September 2021

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Scopus citations^®

64

Scopus citations^®
without self-citations

63

OpenCitations

13

OpenAlex citations

79

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