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

Συγγραφείς:
Menard, Claude
Cook, Michael Lee
Dr Constantine Iliopoulos
Τύπος: Journal Article
Τίτλος Περιοδικού: Perspectives from New Institutional Economics, Edward Elgar
'Ετος δημοσίευσης: 2000
Πηγή: AGRERI
Θέμα:
policies
agricultural policies
agricultural development
agricultural economics
cooperatives
agribusiness and cooperatives
Περιγραφή:

Cooperatives have a difficult problem in acquiring equity capital because the residual claimant (benefactor) is the patron of the firm, not the investor. This leads to cooperative investment problems described in this paper: a) the free rider problem, b) the horizon problem, and c) the portfolio problem. Empirical analysis utilizing a latent variable structural equation model and a large dual response survey suggests that member-patrons are more likely to invest in cooperatives which adopt well defined property rights policies and structures than traditional cooperatives characterized by ill-defined property right structures.

 

Σχετικοί Πόροι

Support for Farmers' Cooperative - Sector Report WINE

Provider: 
Subject: 
products
agricultural products
policies
agricultural policies
agricultural development
agricultural economics
cooperatives
agribusiness and cooperatives
farms
cooperative farming

Support for Farmers' Cooperatives-Country Report- Greece

Provider: 
Subject: 
products
agricultural products
animal products
plant products
policies
agricultural policies
socioeconomic development
rural development
agricultural development
economics
cooperatives
agribusiness and cooperatives
agricultural practices
farming systems
cooperative farming

Support for Farmers' Cooperatives-Experiences of non-EU OECD Countries

Provider: 
Subject: 
policies
agricultural policies
socioeconomic development
economics
agricultural economics
cooperatives
agribusiness and cooperatives
agriculture
agricultural practices
farming systems
cooperative farming

Rapid growth of selected Asian economies. Lessons and implications for agriculture and food security: Republic of Korea, Thailand and Viet Nam

Provider: 
Subject: 
agriculture
agricultural economics
agricultural policies
agricultural development
Collected from: 

Long-term Financing in US and European Agricultural Co-operatives: Emerging Methods for Ameliorating Investment Constraints

Provider: 
Subject: 
cooperatives
agribusiness and cooperatives
policies
Collected from: 

Medium-term perspectives 2000-2005

Provider: 
Subject: 
agricultural development
agricultural policies
agricultural products
agricultural economics
trade
Collected from: 

AGRERI Library

Support for Farmers' Cooperative - Sector Report WINE

Provider: 
Subject: 
products
agricultural products
policies
agricultural policies
agricultural development
agricultural economics
cooperatives
agribusiness and cooperatives
farms
cooperative farming

Support for Farmers' Cooperatives-Country Report- Greece

Provider: 
Subject: 
products
agricultural products
animal products
plant products
policies
agricultural policies
socioeconomic development
rural development
agricultural development
economics
cooperatives
agribusiness and cooperatives
agricultural practices
farming systems
cooperative farming

Support for Farmers' Cooperatives-Experiences of non-EU OECD Countries

Provider: 
Subject: 
policies
agricultural policies
socioeconomic development
economics
agricultural economics
cooperatives
agribusiness and cooperatives
agriculture
agricultural practices
farming systems
cooperative farming

External Library

Rapid growth of selected Asian economies. Lessons and implications for agriculture and food security: Republic of Korea, Thailand and Viet Nam

Provider: 
Subject: 
agriculture
agricultural economics
agricultural policies
agricultural development
Collected from: 

Long-term Financing in US and European Agricultural Co-operatives: Emerging Methods for Ameliorating Investment Constraints

Provider: 
Subject: 
cooperatives
agribusiness and cooperatives
policies
Collected from: 

Medium-term perspectives 2000-2005

Provider: 
Subject: 
agricultural development
agricultural policies
agricultural products
agricultural economics
trade
Collected from: