The present work defines a measure that allows one to determine the actuarial cost of delivering a monetary unit of pension in the case of a pay-as-you-go system. This cost is connected with the system's actuarial viability. The basis is the model used by Devesa & Devesa (2008b) to determine the...

The present paper shows the aims of a group of people who set up an oil-milling cooperative society. These aims will be the basis for developing the organization and will determine its future actions in the market. This work attempts to identify the process by which the members’ aims are...

The aim of this work is to explore the patterns of corporate governance in agricultural co-operative firms, where the suppliers are also the company owners. We raise the question of how they control management and what are the factors which limit managers’ actions to achieve the objectives of...

This paper presents the results of a study aimed to quantify the Nonprofit Institutions Sector, based on a review of the three theoretical approaches currently available to delimit the sector, i.e. the social economy approach, the organizational non-profits approach, and the national accounting...

Taking into account the traditional structural weakness characterising the agrarian sector due to farmers’ scant output, associations and especially co-operatives attain special importance. Nonetheless, in numerous cases the economic and financial situation of these societies is not as strong...

The mutualist movement of the industrial era took root in the Iberian Peninsula and Europe, but also in Latin America, from midway through the XIX century. The Spanish Associations Act of 1887 treated the benefit and mutual, or friendly societies as one more method of association. The first...

Housing loans have been the most dynamic bank lending activity for the last twenty years. Significant changes have occurred in this period to make the mortgage market more flexible and highly competitive. Prior to the reforms in the 80s it was a very restricted market that was limited to the...