This paper investigates why agricultural cooperatives exhibit different principles for the allocation of decision rights between the Board of Directors and the Management. A mass-action interpretation of the Nash equilibrium in an investment proposal game shows that, on the one hand, board...

This study finds that selective incentives induce district council members and chairpersons to work for the collective best of a co‐operative membership. Being the lowest echelon of a co‐operative's internal governance hierarchy, district councils constitute a link between the membership and...

A cooperative business consists of a cooperative society and a cooperative business firm. The society of members intends to control the business in such a way as to focus the business operations on its interests. The two organizational units tend, however, to follow different behavioral logics....

Comprises a selection of 16 essays that provide clarification to issues pertinent to contemporary cooperatives. This book - divided into five parts: Cooperatives: between markets and hierarchies; Governance; Internal organizational issues; Conduct of cooperatives; and Cooperative performance -...

This study explores the extent to which members' assessment of their cooperatives' degree of success is related to various member attributes, notably the members' perception of their participation in the governance of the cooperatives. Three categories of member attributes are identified:...

Several researchers, who have observed that traditional cooperatives have difficulties in modern markets, mention a number of behavioral concepts characterizing the members. This study attempts to empirically test these concepts. It is based on a survey among members of a large traditional...

Purpose – The purpose of this paper is to present theoretical explanations for the failure of the largest dairy processing firm in Former Yugoslav Republic of Macedonia (FYROM) after only about one year of operation. Design/methodology/approach – The paper contains a case study on the...