The global crisis still today interests different geographical areas. This paper focuses on the situation in Italy with specific reference to cooperatives. It aims to analyze their financial structure, in the period before and during the crisis (2004-2013), in relation to two discriminating factors. At this end, the study focuses on three research questions: what is the actual situation and what the trend has been in the last decade in the various Italian geograph-ic areas and business sectors; if there are differences between business sectors and geographic area and if these differences are statistically significant. To these aims and starting from sec-ondary data on AIDA database (at the end 1,446 cooperatives), the trend analysis and analysis of variance (ANOVA) have been used. The financial structure is assessed using two ratios: the Financial Leverage Ratio and Quick Ratio. The findings show that the financial structure of cooperatives have not been substantially affected by the crisis in any geographic area and business sector. Moreover these two factors produce statistically significant differences in the financial structure of cooperatives.

Cooperatives and Global economic crisis 2008-2013: financial dynamics. Some considerations from Italian context / F. Fusco, G. Migliaccio - In: Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment / [a cura di] D. Vrontis, Y. Weber, E. Tsoukatos. - [s.l] : EuroMed Press, 2015. - ISBN 9789963711376. - pp. 623-636 (( Intervento presentato al 8. convegno Annual Conference EUROMED tenutosi a Verona nel 2015.

Cooperatives and Global economic crisis 2008-2013: financial dynamics. Some considerations from Italian context

Fusco Floriana;
2015

Abstract

The global crisis still today interests different geographical areas. This paper focuses on the situation in Italy with specific reference to cooperatives. It aims to analyze their financial structure, in the period before and during the crisis (2004-2013), in relation to two discriminating factors. At this end, the study focuses on three research questions: what is the actual situation and what the trend has been in the last decade in the various Italian geograph-ic areas and business sectors; if there are differences between business sectors and geographic area and if these differences are statistically significant. To these aims and starting from sec-ondary data on AIDA database (at the end 1,446 cooperatives), the trend analysis and analysis of variance (ANOVA) have been used. The financial structure is assessed using two ratios: the Financial Leverage Ratio and Quick Ratio. The findings show that the financial structure of cooperatives have not been substantially affected by the crisis in any geographic area and business sector. Moreover these two factors produce statistically significant differences in the financial structure of cooperatives.
Italian Cooperatives; Global Crisis; Finance; Leverage Ratio; Quick Ratio
Settore SECS-P/07 - Economia Aziendale
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/600354
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