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Willingness to Invest in Agricultural Cooperatives: Evidence from Greece

Author

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  • Kontogeorgos, Achilleas
  • Chatzitheodoridis, Fotois
  • Theodossiou, George

Abstract

This paper uses logistic regression to analyze the characteristics that determine Greek farmers’ willingness to invest in agricultural cooperatives. The data are from a field survey of 235 Greek farmers – members of agricultural cooperatives in Thessaly and Western Macedonia regions. Although Greek farmers are commonly members of agricultural cooperatives, the majority are inactive. Therefore, it is important to identify motives that can increase farmers’ commitment to the cooperative. In this paper, investment in cooperatives, which is vital for their sustainability, is assumed as an indicator of farmers’ commitment to the cooperative. The regression results demonstrate that education, urban residence, participation in the cooperative’s administrative procedures, as well as the farmers’ perceptions of possible future strategies and previous managerial failures can positively affect members’ decision to invest in the cooperative, confirming three of our initial hypotheses. On the other hand, the hypotheses that the existence of a successor in the farm and large farm size positively affect farmers’ willingness to invest in the cooperative were rejected.

Suggested Citation

  • Kontogeorgos, Achilleas & Chatzitheodoridis, Fotois & Theodossiou, George, 2014. "Willingness to Invest in Agricultural Cooperatives: Evidence from Greece," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 42(2), pages 1-18.
    • Handle: RePEc:ags:jlorco:249775
    DOI: 10.22004/ag.econ.249775
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    Citations

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    Cited by:

    1. Ourania Tremma & Achilleas Kontogeorgos & Philippos Karipidis & Fotios Chatzitheodoridis, 2021. "Mapping the Market Segments for the Consumers of Greek Cooperative Food Products," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    2. Aristotelis Batzios & Achilleas Kontogeorgos & Fotios Chatzitheodoridis & Panagiota Sergaki, 2021. "What Makes Producers Participate in Marketing Cooperatives? The Northern Greece Case," Sustainability, MDPI, vol. 13(4), pages 1-15, February.
    3. Liyan Yu & Jerker Nilsson, 2018. "Social capital and the financing performance of farmer cooperatives in Fujian Province, China," Agribusiness, John Wiley & Sons, Ltd., vol. 34(4), pages 847-864, October.
    4. Chatzitheodoridis, Fotios & Kontogeorgos, Achilleas & Liltsi, Petroula & Apostolidou, Ioanna & Michailidis, Anastasios & Loizou, Efstatios, 2017. "Women's Cooperatives in less favored and mountainous areas under economic instability," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 17(1), June.

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