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Type: Journal Article
Journal title: "Opportunism in Agricultural Cooperatives in Greece." Outlook on Agriculture
Year of publication: 2012
Source:
AGRERI
Subject:
agricultural policies
legislation
agricultural and rural legilslation
economics
agricultural economics
cooperatives
agribusiness and cooperatives
Description:
This paper compares the new institutional economics literature on agricultural cooperatives to their actual operation in Greece. The key contrast thus revealed concerns the role of opportunism. New institutional economics explains cooperatives in terms of their ability to combat external opportunism, subject to the constraints of internal opportunism. In contrast to this literature, in Greek agricultural cooperatives, internal opportunism is shown to inflate their formal organizational structures and to lower their effectiveness in serving members. The paper concludes by discussing theoretical, policy and practical implications of this argument.
Related Resources
Opportunism in Agricultural Cooperatives in GreeceProvider: Subject: agricultural policies legislation agricultural and rural legilslation economics cooperatives agribusiness and cooperatives Collected from: |
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
Opportunism in Agricultural Cooperatives in GreeceProvider: Subject: agricultural policies legislation agricultural and rural legilslation economics cooperatives agribusiness and cooperatives Collected from: |
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: |
