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CEO Compensation in Cooperatives versus Publicly Listed Firms

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  • Li, Feng
  • Hendrikse, George W.J.

Abstract

A multiple activities principal-agent model regarding CEO compensation in cooperatives is presented, capturing that cooperatives are not publicly listed and that they have to bring the enterprise to value as well as to serve member interests. A cooperative dominates a publicly listed firm in terms of efficiency when either activities are sufficiently complementary, or additional information is considered in the performance measure.

Suggested Citation

  • Li, Feng & Hendrikse, George W.J., 2009. "CEO Compensation in Cooperatives versus Publicly Listed Firms," 2009 Conference, August 16-22, 2009, Beijing, China 51619, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae09:51619
    DOI: 10.22004/ag.econ.51619
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    Cited by:

    1. Zieseniß, R., 2013. "Anreizorientierte Entlohnung in Bezugsgenossenschaften: Eine theoretische Analyse eine leistungsorientierten Entlohnung zur Maximierung des monetären Mitgliedernutzens," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
    2. Michael Kopel & Marco Marini, 2014. "Strategic delegation in consumer cooperatives under mixed oligopoly," Journal of Economics, Springer, vol. 113(3), pages 275-296, November.
    3. Zieseniss, Roland, 2012. "Anreizorientierte Entlohnung In Bezugsgenossenschaften: Eine Theoretische Analyse Einer Leistungsorientierten Entlohnung Zur Maximierung Des Monetären Mitgliedernutzens," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137177, German Association of Agricultural Economists (GEWISOLA).
    4. Zieseniss, Roland & Kuehl, Rainer, 2013. "Relative Performance Payment in Cooperatives – A Model-Theoretical Analysis," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152162, Australian Agricultural and Resource Economics Society.
    5. Franck Bailly & Karine Chapelle & Lionel Prouteau, 2017. "What are the determinants of the pay gap between conventional firms and cooperatives? Evidence from France," Working Papers hal-01455741, HAL.
    6. Michael Kopel & Marco A. Marini, 2012. "Optimal Compensation Structure in Consumer Cooperatives under Mixed Oligopoly," DIS Technical Reports 2012-06, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    7. Michael Kopel & Marco A. Marini, 2012. "Optimal Compensation Structure in Consumer Cooperatives under Mixed Oligopoly," DIS Technical Reports 2012-06, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".

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