Business Succession: An Opportunity to Cooperate
DOI:
https://doi.org/10.29173/cjnser.2021v12n2a552Keywords:
Business succession; Cooperative conversion / Reprise d’entreprises; Conversion en coopérativeAbstract
A vast proportion of Quebec’s economic fabric is made up of small and medium-sized enterprises (SMEs). Recent studies underline the importance of ensuring the succession of these SMEs for the coming years. The collective option of co- operative takeover makes it possible to maintain the activities of these companies and to save the jobs they provide by selling the companies to employees or members of the community through conversion into cooperatives. However, this option has been largely neglected, which constitutes a missed opportunity for communities. Since 1980, 106 cooperatives have taken over a business in Quebec to ensure its continuity under this new status. The data show that, as of July 1, 2021, 96% of the cooperatives affected by these takeovers since 1980 were still in operation. This sustainability, including the maintenance of jobs and local economic activity, constitutes an argument in favour of exploring the cooperative model as an avenue for business takeovers.
Downloads
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Claude-André Guillotte, Anne-Marie Merrien, Josée Charbonneau, Étienne Fouquet
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Submission of an original manuscript to the Canadian Journal of Nonprofit and Social Economy Research / Revue canadienne de recherche sur les OSBL et l'économie sociale [thereafter CJNSER] will be taken to mean that it represents original work not previously published, and that it is not being considered elsewhere for publication.
The journal takes the stance that the publication of scholarly research is meant to disseminate knowledge and, in a not-for-profit regime, benefits neither publisher nor author financially. It sees itself as having an obligation to its authors and to society to make content available online now that the technology allows for such a possibility. In keeping with this principle, the journal will publish all of its issues online.
Authors who publish in CJNSER agree to release their articles under the Creative Commons 4.0 International Licence (CC BY). This licence allows anyone to copy and distribute the article provided that appropriate attribution is given. For details of the rights an author grants users of their work, please see the licence summary and the full licence.
[Content published between 2010 and 2019-10 was licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 2.5 Canada (CC BY-NC-ND 2.5 CA) License. Content published between 2019-10 to 2023-12 was licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) License. Content published after 2023-12 is licensed under the Creative Commons 4.0 International (CC BY) License.]
