Liang, Liang, Q.X.; Hendrikse, Hendrikse, G.W.J. - Erasmus Research Institute of Management (ERIM), … - 2012
A principal-agent model is formulated to capture the efficiency of cooperatives with a member CEO and cooperatives with an employed outsider as CEO. Results of the model show that the incentive strength regarding the member CEO is stronger compared to that of the outside CEO in order to shift...
