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The history of privatization, first under the Margaret Thatcher Governments from 1979 to 1990 and then under the two John Major Governments between 1990 and 1997, has been extensively researched. However, there has been relatively little attention paid to the privatization policies of the Labour...
Following the New Zealand Electricity Industry Reform Act in 1998 integrated electricity distribution and retail companies were forced to unbundle at ownership level, creating line companies and retailers. Electricity line companies that meet the ‘consumer‐owned’ criteria as set out in the...
We investigate how cooperative firms reacted to the current crisis. This allows us to compare the behaviour of cooperative and conventional firms facing exogenous shifts in demand. After a short survey of a stream of theoretical literature, we analyze a large group of Italian production...
This paper uses a large panel data set covering 70 MFIs in 25 Sub‐Saharan African countries to analyze the efficiency of MFIs. This is important, given that MFIs have to operate efficiently to fulfil its dual mission of serving the poor and being sustainable. The results reveal that MFIs are...
In a neoliberal world where commercial financial services are controlled by elites, poor Black women in the slums are usually excluded from financial programs – even microfinance ones. In my empirical study of 491 people in Jamaica, Guyana and Haiti, I argue that the participation in informal...
Effective governance of cooperatives depends on the pro‐active participation of members in the governance. However, it is commonly argued that, especially in cooperatives with high heterogeneity of membership, additional decision‐making and influencing costs could emerge if members who...
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