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Managerial form, ownership and efficiency: a case-study of Argentine agriculture

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  • Gallacher, Marcos
  • Goetz, Stephan J.
  • Debertin, David L.

Abstract

In agriculture, studies dealing with the separation of ownership from control have focused on sharecropping, paying little attention to the impact of management and ownership on efficiency. Using Argentine data, this study tests the hypothesis that efficiency is a function of type of management, concentration of ownership, and mechanisms for monitoring managers. Results show that management, ownership and monitoring have a greater impact on marketing efficiency than either on technical or cost efficiency.

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Article provided by Blackwell in its journal Agricultural Economics.

Volume (Year): 11 (1994)
Issue (Month): 2-3 (December)
Pages: 289-299

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Handle: RePEc:eee:agecon:v:11:y:1994:i:2-3:p:289-299
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  1. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-44, June.
  2. Otsuka, Keijiro & Hayami, Yujiro, 1988. "Theories of Share Tenancy: A Critical Survey," Economic Development and Cultural Change, University of Chicago Press, vol. 37(1), pages 31-68, October.
  3. Pollak, Robert A, 1985. "A Transaction Cost Approach to Families and Households," Journal of Economic Literature, American Economic Association, vol. 23(2), pages 581-608, June.
  4. Richard R. Nelson, 1981. "Assessing Private Enterprise: An Exegesis of Tangled Doctrine," Bell Journal of Economics, The RAND Corporation, vol. 12(1), pages 93-111, Spring.
  5. James Roumasset & Marilou Uy, 1987. "Agency Costs and the Agricultural Firm," Land Economics, University of Wisconsin Press, vol. 63(3), pages 290-302.
  6. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
  7. Schmitt, Gunther, 1991. "Why Is the Agriculture of Advanced Western Economies Still Organized by Family Farms? Will This Continue to Be So in the Future?," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 18(3-4), pages 443-58.
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Cited by:

  1. Berger, Ariadna M. & Knoblauch, Wayne A. & Pratt, James E., 1999. "Management Strategies, Risk Considerations and Herd Size Analysis for Optimal Resource Allocation in Argentine Dairy Farms," Research Bulletins 122680, Cornell University, Department of Applied Economics and Management.
  2. Karaan, Mohammad, 2003. "An Institutional Economic Appraisal Of Worker Equity Schemes In Agriculture:," 2003 Annual Conference, October 2-3, 2003, Pretoria, South Africa 19094, Agricultural Economic Association of South Africa (AEASA).
  3. Marcos Gallacher, 2001. "Education as an Input in Agricultural Production," CEMA Working Papers: Serie Documentos de Trabajo. 189, Universidad del CEMA.
  4. Marcos Gallacher, 2011. "Returns to Managerial Ability: Dairy Farms in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 478, Universidad del CEMA.
  5. Marcos Gallacher, 1999. "Human Capital and Production Efficiency: Argentine Agriculture," CEMA Working Papers: Serie Documentos de Trabajo. 158, Universidad del CEMA.

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