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Cooperative Finance: Signaling Risk with Investment and Retained Earnings

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  • Cadot, Julien
  • Féral, Arnaud

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  • Cadot, Julien & Féral, Arnaud, 2023. "Cooperative Finance: Signaling Risk with Investment and Retained Earnings," 2023 Annual Meeting, July 23-25, Washington D.C. 335976, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:335976
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    4. Barton, David G. & Boland, Michael A. & Chaddad, Fabio Ribas & Eldon, Eversull, 2011. "Current Challenges in Financing Agricultural Cooperatives," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 26(3), pages 1-5.
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    9. Qiao Liang & George Hendrikse, 2013. "Cooperative CEO Identity and Efficient Governance: Member or Outside CEO?," Agribusiness, John Wiley & Sons, Ltd., vol. 29(1), pages 23-38, January.
    10. Lerman, Zvi & Parliament, Claudia, 1990. "Comparative Performance Of Food-Processing Cooperatives And Investor-Owned Firms," Staff Papers 13455, University of Minnesota, Department of Applied Economics.
    11. Joan Farre-Mensa & Alexander Ljungqvist, 2016. "Do Measures of Financial Constraints Measure Financial Constraints?," The Review of Financial Studies, Society for Financial Studies, vol. 29(2), pages 271-308.
    12. Bengt Holmstrom & Jean Tirole, 1997. "Financial Intermediation, Loanable Funds, and The Real Sector," The Quarterly Journal of Economics, Oxford University Press, vol. 112(3), pages 663-691.
    13. Zvi Lerman & Claudia Parliament, 1990. "Comparative performance of cooperatives and investor-owned firms in US food industries," Agribusiness, John Wiley & Sons, Ltd., vol. 6(6), pages 527-540.
    14. Jeffrey Royer, 2017. "Financing agricultural cooperatives with retained earnings," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 77(3), pages 393-411, September.
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    16. Fabio Chaddad & Constantine Iliopoulos, 2013. "Control Rights, Governance, and the Costs of Ownership in Agricultural Cooperatives," Agribusiness, John Wiley & Sons, Ltd., vol. 29(1), pages 3-22, January.
    17. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    18. Michael R. Roberts, 2014. "The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting," NBER Working Papers 20484, National Bureau of Economic Research, Inc.
    19. Michael L. Cook & Molly J. Burress, 2013. "The Impact of CEO Tenure on Cooperative Governance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 34(3-5), pages 218-229, April.
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    22. Michael L. Cook, 1995. "The Future of U.S. Agricultural Cooperatives: A Neo-Institutional Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(5), pages 1153-1159.
    23. Levi A. Russell & Brian C. Briggeman & Allen M. Featherstone, 2017. "Financial leverage and agency costs in agricultural cooperatives," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 77(2), pages 312-323, July.
    24. Fabio R. Chaddad & Michael L. Cook & Thomas Heckelei, 2005. "Testing for the Presence of Financial Constraints in US Agricultural Cooperatives: An Investment Behaviour Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 56(3), pages 385-397, December.
    25. Wendong Deng & George W. J. Hendrikse, 2015. "Managerial vision bias and cooperative governance," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 42(5), pages 797-828.
    26. Lerman, Zvi & Parliament, Claudia, 1990. "Comparative Performance of Food-Processing Cooperatives and Investor-Owned Firms in the U.S," Working Papers 232668, Hebrew University of Jerusalem, Center for Agricultural Economic Research.
    27. Robin Cross & Steven Buccola, 2004. "Adapting Cooperative Structure to the New Global Environment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1254-1261.
    28. Shleifer, Andrei & Vishny, Robert W, 1988. "Value Maximization and the Acquisition Process," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 7-20, Winter.
    29. Ziran Li & Keri L Jacobs & Georgeanne M Artz, 2015. "The cooperative capital constraint revisited," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 75(2), pages 253-266, July.
    30. Robin M. Cross & Steven T. Buccola & Enrique A. Thomann, 2009. "Cooperative liquidation under competitive stress," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 36(3), pages 369-393, September.
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    Agribusiness; Agricultural Finance; Institutional and Behavioral Economics;
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