Three Essays On The Dynamic Ownership And Governance Of U S Farmer Cooperatives
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Three Essays On The Dynamic Ownership And Governance Of U S Farmer Cooperatives
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Author : Jasper Grashuis
language : en
Publisher:
Release Date : 2016
Three Essays On The Dynamic Ownership And Governance Of U S Farmer Cooperatives written by Jasper Grashuis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
In order to better understand the long-term behavior of farmer-owned economic organizations, the cooperative life cycle model is advanced and improved via the application of economic theory to each of its five phases. Specifically, transaction cost theory, property rights theory, and agency theory help explain the birth-to-death trajectory of farmer cooperatives, which tinker and reinvent to remain optimal in the competitive market. Tinkering is the adaptation of constitutional rights, policies, and procedures to adjust member objectives, and reinventing is defined as the adaptation of organizational scope or purpose to adjust cooperative actions. As such, tinkering and reinventing are two processes to maintain the long-term cooperative equilibrium. Another aspect of importance to the economic viability of farmer cooperatives is governance, which involves all the mechanisms to manage the separation of control and ownership. Cooperative governance is often assumed to be identical to corporate governance, yet differences in structures and objectives suggest otherwise. Secondary data analysis is conducted to descriptively inform the difference in governance and performance for two samples of agri-food firms and cooperatives. Demographically, all financial characteristics as well as most board and management characteristics are observed to be significantly different for the two samples. According to the main result of the empirical analysis, the causal impact of board size, female directorship, director independence, and director equity ownership on financial performance is also significantly different, which implies cooperative governance is not identical to corporate governance. As compared to the firm, the overall structure of farmer cooperatives is often analyzed in isolation. There exist typologies of the ownership structure, the governance structure, as well as the capital structure. However, the interrelationship is underexplored. To address the gap in the literature, a three-dimensional framework is informed by agency theory, finance theory, and cooperative theory. The three dimensions are member ownership diversity, member control delegation, and financial flexibility, for which a positive linear relationship is hypothesized. Primary survey data is collected for the full population of U.S. farmer cooperative to test hypotheses of the framework. Based on 371 survey responses, a relatively wide tunnel of cooperative life is observed in which low ownership diversity and low member control delegation do not correspond to high financial flexibility. Further, empirical data analysis indicates the relationship of ownership and capital is independent, while the relationship of ownership and governance is bi-directional.
Economic Theory Of Cooperation
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Author : Ivan Vasiy Emelianoff
language : en
Publisher:
Release Date : 1995
Economic Theory Of Cooperation written by Ivan Vasiy Emelianoff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Cooperation categories.
Dissertation Abstracts International
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Author :
language : en
Publisher:
Release Date : 2007
Dissertation Abstracts International written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Dissertations, Academic categories.
Vertical Markets And Cooperative Hierarchies
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Author : Kostas Karantininis
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-05-24
Vertical Markets And Cooperative Hierarchies written by Kostas Karantininis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-24 with Business & Economics categories.
This book collects sixteen essays that provide clarification to issues pertinent to contemporary cooperatives. Twenty three internationally recognized scholars of agricultural cooperatives from a variety of disciplines such as industrial organization, finance, sociology, networks, and political theory contributed theoretical work and empirical observations from different countries.
Congressional Record
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Author : United States. Congress
language : en
Publisher:
Release Date : 1930
Congressional Record written by United States. Congress and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1930 with Law categories.
State Cooperatives And Development In Africa
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Author : Hans Holmén
language : en
Publisher: Nordic Africa Institute
Release Date : 1990
State Cooperatives And Development In Africa written by Hans Holmén and has been published by Nordic Africa Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Africa categories.
The Oxford Handbook Of The Economics Of Food Consumption And Policy
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Author : Jayson L. Lusk
language : en
Publisher: Oxford Handbooks
Release Date : 2013-08-15
The Oxford Handbook Of The Economics Of Food Consumption And Policy written by Jayson L. Lusk and has been published by Oxford Handbooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-15 with Business & Economics categories.
First reference on food consumption and policy.
Co Operative Membership And Globalization
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Author : Brett Fairbairn
language : en
Publisher: Saskatoon : Centre for the Study of Co-operatives, University of Saskatchewan
Release Date : 2004-01-01
Co Operative Membership And Globalization written by Brett Fairbairn and has been published by Saskatoon : Centre for the Study of Co-operatives, University of Saskatchewan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Cooperation categories.
Exchange Rates Under The East Asian Dollar Standard
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Author : Ronald I. McKinnon
language : en
Publisher: MIT Press
Release Date : 2005
Exchange Rates Under The East Asian Dollar Standard written by Ronald I. McKinnon and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
The policy dilemmas inherent in using the US dollar as the key currency for stabilizing exchange rates in East Asia.
Poverty And Famines
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Author : Amartya Sen
language : en
Publisher: OUP Oxford
Release Date : 1983-01-20
Poverty And Famines written by Amartya Sen and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983-01-20 with Social Science categories.
The main focus of this book is on the causation of starvation in general and of famines in particular. The author develops the alternative method of analysis—the 'entitlement approach'—concentrating on ownership and exchange, not on food supply. The book also provides a general analysis of the characterization and measurement of poverty. Various approaches used in economics, sociology, and political theory are critically examined. The predominance of distributional issues, including distribution between different occupation groups, links up the problem of conceptualizing poverty with that of analyzing starvation.