This article addresses three observations regarding the board of directors in agricultural cooperatives. First, many scholars and practitioners worry about the competency of the member dominated board of directors in agricultural cooperatives. Second, it is sometimes stated that cooperatives...

Product diversification and its financial outcomes have been studied exhaustively. However, previous literature has focused on corporations, ignoring other important legal organizations or governance structures. In this paper, we study the diversification strategies of cooperatives and compare...

This article analyses the impact of ownership structure on investments in a three-party supply chain from an incomplete contracting perspective. Circumstances are determined in which a marketing cooperative is the unique first-best ownership structure.

Two extensions are formulated of the analysis of the allocation of decision rights in Hendrikse and Veerman (2001). First, the incomplete contracts in their article can be viewed as simple long-term contracts, i.e. it is not allowed to make the allocation of authority contingent on the...

Fruit and vegetable marketing organization The Greenery has experienced various governance structure changes, like horizontal merger, forward integration, and the emergence of grower associations. A multilateral incomplete contracting model is presented to account for these changes by analysing...

Het kenmerk ledendominantie van een land- en tuinbouwcoöperatie wordt geanalyseerd vanuit een onvolledige-contracten perspectief. Ledendominantie blijkt een bedreiging voor de overleving van de coöperatieve structuur te zijn in markten waar de efficiënte investeringen worden gekarakteriseerd...

Organisaties zijn complexe entiteiten die keuzen dienen te maken ten aanzien van accounting, financiering, logistiek, marketing, en personeelsbeleid. Dit artikel is gericht op de afstemming van deze keuzen. Organisaties worden hiertoe geconceptualiseerd als systemen van attributen, zoals het...

We determine the circumstances when the absence of public listing, often believed to be a disadvantage, makes a cooperative the unique efficient governance structure. This is established in a multi-task principal-agent model, capturing that cooperatives are not publicly listed and their CEOs...