“…It posits that the ability of any given co-operative to sustainably preserve its resources and those of the community within which it operates will depend on its specific governance structures (which may be tied to a specific legal form and be aligned, to some degree, with the CVPs), the characteristics of the community and the broader institutional environment, and the interactions between these elements. These considerations highlight a key contribution of the project, which is that it connects the emerging literature on co-operatives as commons (Adams & Deakin, 2017;Guttmann, 2020;Healy, 2018;Ridley-Duff & Bull, 2021;Tortia, 2018) with an existing (but small) co-operative studies literature on institutional complementarities (Feng & Hendrikse, 2008;Gagliardi, 2009aGagliardi, , 2009bGrashuis & Cook, 2017;Ridley-Ruff, 2009). Making this link is important not simply because the two strands have thus far developed independently of each other, but because their connection can help us capture the nature of the co-operative firm while accounting for the interdependencies between co-operatives and the socio-economic environment within which they are embedded.…”