περάστε τις συμβουλές στο νοσοκομείο Αγορα Cialis χωρις συνταγη γιατρου στη συνέχεια διαβάστε προσεκτικά το σχολιασμό σε δισκία. Αγορα Βιαγκρα Ελλάδα Αθήνα το καλύτερο online κατάστημα στην Ελλάδα.
Type: Conference Paper
Journal title: Selected Paper
Year of publication: 2001
Source:
AgEcon
Collected from:
AGRIS
Subject:
cooperatives
agribusiness and cooperatives
Description:Agricultural cooperatives are participating in mergers, acquisitions, strategic alliances, and joint ventures at a record pace. While post-post merger performance has been examined extensively for investor owned firms, this has not been the case for agricultural cooperatives since these firms do not have an explicit profit motive nor publicly traded stock. Results from a three-stage econometric model reveal that a major motivation for cooperatives to engage in these activities is to circumvent unique capital constraints, thus resulting in improved profitability. Furthermore, the decision to merge and financial performance are jointly endogenous, with profitability positively influenced and sales growth negatively influenced
by the likelihood of merger.
Related Resources
Beginning to inform the theory of the cooperative firm: Emergence of the new generation cooperativeProvider: Subject: agricultural development cooperatives agribusiness and cooperatives |
New producer strategies: the emergence of patron-driven entrepreneurshipProvider: Subject: cooperatives agribusiness and cooperatives |
Incentives to Efficient Investment Decisions in Agricultural CooperativesRecent studies have questioned the competitiveness of agricultural cooperatives in an industrialized food system, based on empirical results and economic theory. New organizational institutions have been proposed to overcome the cooperative main weaknesses (the so called new generation cooperatives). In this paper, we provide a simple model based on a financial approach to address the issue of cooperative competitiveness and to assess the investment efficiency of both traditional and new generation cooperatives. The main conclusions of the analysis are: i) cooperatives (both traditional and new generation ones) may have incentive to adopt projects that do not maximize the Net Present Value of the firm ii) the institutions of new generation cooperatives are not sufficient to ensure net present value maximization, even though they address some of the main concerns of traditional cooperatives iii) traditional cooperatives may have a competitive advantage in businesses that require the aggregation of a large number of farmers. Provider: Subject: cooperatives agribusiness and cooperatives Collected from: |
AGRERI Library
Beginning to inform the theory of the cooperative firm: Emergence of the new generation cooperativeProvider: Subject: agricultural development cooperatives agribusiness and cooperatives |
New producer strategies: the emergence of patron-driven entrepreneurshipProvider: Subject: cooperatives agribusiness and cooperatives |
External Library
Incentives to Efficient Investment Decisions in Agricultural CooperativesRecent studies have questioned the competitiveness of agricultural cooperatives in an industrialized food system, based on empirical results and economic theory. New organizational institutions have been proposed to overcome the cooperative main weaknesses (the so called new generation cooperatives). In this paper, we provide a simple model based on a financial approach to address the issue of cooperative competitiveness and to assess the investment efficiency of both traditional and new generation cooperatives. The main conclusions of the analysis are: i) cooperatives (both traditional and new generation ones) may have incentive to adopt projects that do not maximize the Net Present Value of the firm ii) the institutions of new generation cooperatives are not sufficient to ensure net present value maximization, even though they address some of the main concerns of traditional cooperatives iii) traditional cooperatives may have a competitive advantage in businesses that require the aggregation of a large number of farmers. Provider: Subject: cooperatives agribusiness and cooperatives Collected from: |
