The present paper reconstructs the main stages of development of a new form of cooperative society that has become established in Italy over the last 20 years. A general view of the evolution of this phenomenon, which has spread over the whole country in a relatively short time, is followed by...

The present work establishes the main structural characteristics of Cooperatives first grade under the postulates of The Agency Theory. Based in our analysis we conclude a series of structural shortcomings related with agency problems. Moreover, possible solutions to these are proposed.