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Governance costs and the problems of large traditional co-operatives

Nilsson, Jerker (2018). Governance costs and the problems of large traditional co-operatives. Outlook on Agriculture. 47, 87 - 92
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Official URL: https://doi.org/10.1177/0030727018761175

Abstract

During recent decades, there have been many failures among large and complex agricultural co-operatives with a traditional organizational structure, that is, with mainly collective governance and collective ownership. Many co-operatives have been converted into the so-called hybrid co-operatives, owned together with external financiers. This article applies governance cost theory to explain this development. The results show that members are not able to govern a collectively owned firm that is large and complex; members are thus reluctant to invest in co-operatives; and members do not perceive that co-operatives benefit them economically. Thus, strong leaders take control and non-member investors gain ownership and influence.

Authors/Creators:Nilsson, Jerker
Title:Governance costs and the problems of large traditional co-operatives
Series/Journal:Outlook on Agriculture (0030-7270)
Year of publishing :2018
Volume:47
Page range:87 - 92
Number of Pages:6
Publisher:Sage Journals
ISSN:0030-7270
Language:English
Publication Type:Journal article
Refereed:Yes
Article category:Scientific peer reviewed
Version:Accepted version
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Business Administration
Agrovoc terms:cooperatives, agricultural cooperatives, economic systems
Keywords:governance cost, traditional co-operative, co-operative conversion, hybrid co-operative, co-operative governance
URN:NBN:urn:nbn:se:slu:epsilon-e-4967
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-e-4967
ID Code:15551
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:16 Aug 2018 13:21
Metadata Last Modified:16 Aug 2018 13:21

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