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| Marie Bouchard and Damien Rousselière |
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| ''Does Gibrat's law hold among urban social economy enterprises? A research note on Montreal social economy.'' |
| ( 2018, Vol. 38 No.3 ) |
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| Our paper extends previous researches by taking into account the multidimensional dynamic of social economy: volunteering, employment and income. We estimate a Cragg's model with a simultaneous growth equations system and a hurdle equation on the two waves of the Montreal survey on social economy. Our main empirical results are twofold: First we highlight an average decrease in income and employment (although with an increase in volunteering) for the whole population. Second, our model allows us to reject the Gibrat's Law for our urban social economy enterprises population. It is as if there is an apparent convergence effect with three different growth trajectories for the various organizational forms of the social economy. The largest organizations seem to suffer more from the crisis than the smaller ones, even if the latter are more exposed to the hazard of disappearing. |
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| Keywords: Cooperatives, Cragg's Model, Gibrat's Law, Growth, Montreal, Nonprofit Organizations, Social Economy |
JEL: L3 - Nonprofit Organizations and Public Enterprise: General
L2 - Firm Objectives, Organization, and Behavior: General |
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| Manuscript Received : Jul 29 2017 | | Manuscript Accepted : Aug 05 2018 |
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