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The Emergence of Non-Traditional Cooperative Structures: Public and Private Policy Issues

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  • Chaddad, Fabio Ribas
  • Cook, Michael L.

Abstract

This paper examines new agricultural cooperative organizational models from an ownership rights perspective. We argue that new cooperative organizational models differ in the way ownership rights are assigned to the economic agents tied contractually to the firm - members, patrons, and investors. The paper proposes a typology of discrete organizational models, in which the traditional cooperative structure and the investor-oriented firm are characterized as polar forms. Five non-traditional models are described and analyzed with implications to both private and public policy.

Suggested Citation

  • Chaddad, Fabio Ribas & Cook, Michael L., 2003. "The Emergence of Non-Traditional Cooperative Structures: Public and Private Policy Issues," 2003 Annual Meeting, October 29 31799, NCERA-194 Research on Cooperatives.
    • Handle: RePEc:ags:ncerth:31799
    DOI: 10.22004/ag.econ.31799
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    References listed on IDEAS

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    1. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    2. Collins, Robert A., 1991. "The Conversion Of Cooperatives To Publicly Held Corporations: A Financial Analysis Of Limited Evidence," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(2), pages 1-5, December.
    3. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
    4. 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.
    5. Peter Vitaliano, 1983. "Cooperative Enterprise: An Alternative Conceptual Basis for Analyzing a Complex Institution," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 1078-1083.
    6. Royer, Jeffrey S., 1992. "Cooperative Principles and Equity Financing: A Critical Discussion," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 7, pages 1-20.
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    Cited by:

    1. Achilleas Kontogeorgos & Panagiota Sergaki & Anastasia Kosma & Vassiliki Semou, 2018. "Organizational Models for Agricultural Cooperatives: Empirical Evidence for their Performance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(4), pages 1123-1137, December.
    2. Xiaoyan Qian & Tava Lennon Olsen, 2020. "Operational and Financial Decisions Within Proportional Investment Cooperatives," Manufacturing & Service Operations Management, INFORMS, vol. 22(3), pages 545-561, May.
    3. Kispál-Vitai, Zsuzsanna, 2006. "Gondolatok a szövetkezetelmélet fejlődéséről [Ideas for developing cooperative theory]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 69-84.

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