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External stakeholders oriented governance: Yes, why not, but what for? The wine co-operatives case

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  • Louis-Antoine Saïsset

    (Marchés, Organisations, Institutions et Stratégies d'Acteurs - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - INRA - Institut National de la Recherche Agronomique - CIHEAM-IAMM - Centre International de Hautes Etudes Agronomiques Méditerranéennes - Institut Agronomique Méditerranéen de Montpellier - CIHEAM - Centre International de Hautes Études Agronomiques Méditerranéennes - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier, Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier)

Abstract

Agricultural cooperatives have an original organizational structure in which their democratic governance is directed towards the community in every sense. In this context, we have examined to what extent a stronger partnership with external actors would create value for the cooperatives. We surveyed a representative sample of winemaking cooperatives in Languedoc-Roussillon and analyzed their partnership governance methods, their size, their performance and the effects of the first two points on the third one using structural equation modelling. It was found that frequent and extensive interaction between the winemaking cooperatives and their external stakeholders was a source of additional performance in the long term, an effect which is added to that of the size.

Suggested Citation

  • Louis-Antoine Saïsset, 2016. "External stakeholders oriented governance: Yes, why not, but what for? The wine co-operatives case," Post-Print hal-03113795, HAL.
    • Handle: RePEc:hal:journl:hal-03113795
    Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-03113795
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    References listed on IDEAS

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    1. Michael C. Jensen, 2010. "Value Maximization, Stakeholder Theory, and the Corporate Objective Function," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 32-42, January.
    2. Gérard Charreaux & Philippe Desbrières, 1998. "Gouvernance des entreprises:valeur partenariale contre valeur actionnariale," Revue Finance Contrôle Stratégie, revues.org, vol. 1(2), pages 57-88, June.
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