The cooperative as a driver for sustainable development

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

The modern corporation is often praised as the ultimate form of association. The purpose of this Chapter is to challenge this claim by demonstrating the possibilities of the cooperative business model. In other words the aim is to examine how cooperatives differ from corporations, especially in terms of sustainability, to what extent cooperatives, in theory and practice, facilitate sustainability, and how cooperative law should be developed to ensure that person-oriented cooperative societies do not transform into capital-centered cooperative corporations. The findings of this Chapter show that cooperatives are, in several ways, better alternatives for sustainable business operations than corporations. Concern for community is an organic part of the cooperative business model, whereas altruistic measures in the corporate context are often artificial and motivated by investor interests. However, the question yet remains whether cooperatives facilitate sustainability enough or whether they put too much emphasis on their members’ interests.
Original languageEnglish
Title of host publicationCambridge Handbook of Corporate Law, Corporate Governance and Sustainability
EditorsBeate Sjåfjell, Christopher Bruner
PublisherCambridge University Press
Publication date2019
Publication statusAccepted/In press - 2019
MoE publication typeA3 Book chapter

Cite this

Pönkä, V. (Accepted/In press). The cooperative as a driver for sustainable development. In B. Sjåfjell, & C. Bruner (Eds.), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability Cambridge University Press.
Pönkä, Ville. / The cooperative as a driver for sustainable development. Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability. editor / Beate Sjåfjell ; Christopher Bruner. Cambridge University Press, 2019.
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Pönkä, V 2019, The cooperative as a driver for sustainable development. in B Sjåfjell & C Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability. Cambridge University Press.

The cooperative as a driver for sustainable development. / Pönkä, Ville.

Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability. ed. / Beate Sjåfjell; Christopher Bruner. Cambridge University Press, 2019.

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

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Pönkä V. The cooperative as a driver for sustainable development. In Sjåfjell B, Bruner C, editors, Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability. Cambridge University Press. 2019