Alternative financing instruments for Spanish cooperative

  • Luis Ángel Sanchez Pachón Profesor Contratado Doctor de Derecho Mercantil. Universidad de Valladolid.
Keywords: Cooperative legislation, participation accounts, participation contract, promoting funding.

Abstract

The search for funding is an ongoing task of the company, which is exacerbated, particularly in times of economic crisis, affecting also to the cooperatives. Cooperative legislation available to these entities various instruments of external financing through the issuance of securities (bonds, equity securities, special shares), to them accounts are added in participation, but without much detail in the legal texts. At work we investigate their potential, by looking, especially in those last; We seek to clarify their legal status and contrast their potential as a technical instrument, alternative for funding in the area of cooperative societies. Finally, we also see the impact of the recent Law 5/2015, of promoting business financing in the cooperative sector and ended up proposing some policy adjustments.

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Published
2016-04-20
How to Cite
Sanchez Pachón L. Á. (2016). Alternative financing instruments for Spanish cooperative. REVESCO. Revista de Estudios Cooperativos, 122, 285-313. https://doi.org/10.5209/rev_REVE.2016.v122.52023
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Articles