Proprietary and Corporate Structures in Italian Agriculture
The aim of this paper is to describe recent developments in ownership and management structures in the Italian agricultural sector. We analyze trends in the number of holdings by legal status and the rapid increase in the transition from single to corporate structures. Then we use the Rica microdata to assess the diffusion of different combinations of ownership and management structures among farms and to model their choices. Our results confirm the hypothesis that large scale and specialization in the production of livestock and capital intensive crops increase the probability of relying on complex ownership and management structures.
Volume (Year): (2011)
Issue (Month): 1 (March)
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- 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.
- Ferto, Imre & Fogarasi, Jozsef, 2005.
"The Choice of Farm Organization. A Hungarian Case,"
2005 Annual meeting, July 24-27, Providence, RI
19463, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Allen, Douglas W & Lueck, Dean, 1998. "The Nature of the Farm," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 343-386, October.
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