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

Authors:
Russo, Carlo
Weatherspoon, Dave D.
Peterson, H. Christopher
Sabbatini, Massimo
Type: Journal Article
Year of publication: 2000
Source: AgEcon
Collected from: AGRIS
Subject:
cooperatives
agribusiness and cooperatives
Description: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.
 

Related Resources

The Organizational, Financial and Ownership Characteristics of US Agricultural Cooperatives: Survey Results from a New Institutional Economics Perspective

Provider: 
Subject: 
economics
agricultural economics
cooperatives
agribusiness and cooperatives

Support for Farmers' Cooperatives;Case Study Report-Structure and Strategy of Olive Oil Cooperatives: Comparing Crete, Greece to Andalusia, Spain

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

Support for Farmers' Cooperatives; Case Study Report Cebeco

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

MEASURING X-EFFICIENCY AND SCALE EFFICIENCY FOR A SAMPLE OF AGRICULTURAL COOPERATIVES

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

Report. Network for the Development of Agricultural Cooperatives in Asia and the Pacific (NEDAC). First meeting

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: 

New strategies for mobilizing capital in agricultural cooperatives

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: 

AGRERI Library

The Organizational, Financial and Ownership Characteristics of US Agricultural Cooperatives: Survey Results from a New Institutional Economics Perspective

Provider: 
Subject: 
economics
agricultural economics
cooperatives
agribusiness and cooperatives

Support for Farmers' Cooperatives;Case Study Report-Structure and Strategy of Olive Oil Cooperatives: Comparing Crete, Greece to Andalusia, Spain

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

Support for Farmers' Cooperatives; Case Study Report Cebeco

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

External Library

MEASURING X-EFFICIENCY AND SCALE EFFICIENCY FOR A SAMPLE OF AGRICULTURAL COOPERATIVES

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

Report. Network for the Development of Agricultural Cooperatives in Asia and the Pacific (NEDAC). First meeting

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: 

New strategies for mobilizing capital in agricultural cooperatives

Provider: 
Subject: 
agribusiness and cooperatives
cooperatives
Collected from: