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Do cooperatives cope better? A survival analyses of French agricultural cooperatives

Author

Listed:
  • Justine Valette

    (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School, Labex Entreprendre - UM - Université de Montpellier)

  • Paul Amadieu

    (UM - Université de Montpellier, MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School, Labex Entreprendre - UM - Université de Montpellier)

  • Patrick Sentis

    (UM - Université de Montpellier)

Abstract

This paper studies the survival of French agricultural cooperatives. Although usually studied from a neoclassical perspective, they are considered inefficient despite several reports emphasising their resilience. Are cooperatives more resistant than traditional businesses? To answer this question, we use a discrete-time survival model. Our results reveal that ownership structure influences survival: cooperatives tend to merge more than traditional companies, but they are less likely to exit by liquidation. Traditional financial ratios cannot be used to fully explain the capacity of cooperatives for resistance.

Suggested Citation

  • Justine Valette & Paul Amadieu & Patrick Sentis, 2017. "Do cooperatives cope better? A survival analyses of French agricultural cooperatives," Post-Print hal-04703339, HAL.
    • Handle: RePEc:hal:journl:hal-04703339
    as

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