EFFECTS OF MANAGERS' POWER ON CAPITAL STRUCTURE: A STUDY OF ITALIAN AGRICULTURAL COOPERATIVES

Συγγραφείς:
Russo, Carlo
Weatherspoon, Dave D.
Peterson, H. Christopher
Sabbatini, Massimo
Τύπος: Journal Article
'Ετος δημοσίευσης: 2000
Πηγή: AgEcon
Συλλογή από: AGRIS
Θέμα:
cooperatives
agribusiness and cooperatives
Περιγραφή:Excessive leverage is one of the most important problems facing Italian agricultural cooperatives as the competition in the EU intensifies. An empirical study of 500 agricultural cooperatives supports the hypothesis that cooperatives characterized as having "powerful managers" have a capital structure that is significantly different from the "nonpowerful manager" cooperatives. Powerful manager cooperatives were less leveraged and had a long term strategy that focused on minimizing financial risk by increasing their equity/asset ratio. The result of this strategy is an increased probability of long term international competitiveness.
 

Σχετικοί Πόροι

Advances in cooperative theory since 1990: A review of agricultural economics literature

Provider: 
Subject: 
cooperatives
agribusiness and cooperatives

Support for Farmers' Cooperatives -Case Study Report -Internationalisation of Second-tier Cooperatives: The Case of Conserve Italia, Italy

Provider: 
Subject: 
policies
agricultural policies
cooperatives
agribusiness and cooperatives
farming systems
cooperative farming

Ill-Defined Property Rights in Collective Action: The Case of US Agricultural Cooperatives.

Provider: 
Subject: 
policies
agricultural policies
agricultural development
agricultural economics
cooperatives
agribusiness and cooperatives

Post Merger Performance of Agricultural Cooperatives

Provider: 
Subject: 
cooperatives
agribusiness and cooperatives
Collected from: 

Report. Regional Network for the Development of Agricultural Cooperatives in Asia and the Pacific (NEDAC). Annual Meeting.

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: 

Agricultural cooperatives management [for marketing]: Japan's experience

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: 

AGRERI Library

Advances in cooperative theory since 1990: A review of agricultural economics literature

Provider: 
Subject: 
cooperatives
agribusiness and cooperatives

Support for Farmers' Cooperatives -Case Study Report -Internationalisation of Second-tier Cooperatives: The Case of Conserve Italia, Italy

Provider: 
Subject: 
policies
agricultural policies
cooperatives
agribusiness and cooperatives
farming systems
cooperative farming

Ill-Defined Property Rights in Collective Action: The Case of US Agricultural Cooperatives.

Provider: 
Subject: 
policies
agricultural policies
agricultural development
agricultural economics
cooperatives
agribusiness and cooperatives

External Library

Post Merger Performance of Agricultural Cooperatives

Provider: 
Subject: 
cooperatives
agribusiness and cooperatives
Collected from: 

Report. Regional Network for the Development of Agricultural Cooperatives in Asia and the Pacific (NEDAC). Annual Meeting.

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: 

Agricultural cooperatives management [for marketing]: Japan's experience

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: