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The Logic behind the Internal Governance of Sweden's Largest Agricultural Cooperatives

Hakelius, Karin and Nilsson, Jerker (2020). The Logic behind the Internal Governance of Sweden's Largest Agricultural Cooperatives. Sustainability. 12 , 9073
[Research article]

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This study comprises a qualitative analysis of the governance structures within the two largest agricultural cooperatives in Sweden, both of which have large and heterogeneous memberships, as well as sizeable and complex business operations. Interviews were conducted with district council members and representatives from the boards of directors. The data from both case cooperatives indicate a genuinely traditional democratic member governance structure. There is a great deal of social capital in the governance system. A tentative explanation of the member involvement is that the cooperatives' equity capital is owned by the individual members, and the members are free to sell and buy their shares at a market rate. The members are satisfied with the return on the capital they have invested in the cooperatives. They receive bonus shares and dividends above what most members would get in other investments. A conclusion is that very large cooperatives may succeed well with a member-democratic governance system of the traditional cooperative type, which in this case is probably due to the members' satisfaction with the individualized ownership of the cooperatives.

Authors/Creators:Hakelius, Karin and Nilsson, Jerker
Title:The Logic behind the Internal Governance of Sweden's Largest Agricultural Cooperatives
Series Name/Journal:Sustainability
Year of publishing :2020
Article number:9073
Number of Pages:19
Publication Type:Research article
Article category:Scientific peer reviewed
Version:Published version
Copyright:Creative Commons: Attribution 4.0
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Keywords:hybrid cooperative, agency costs, social capital, dividend, bonus share, preferred shares, board of directors
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Additional ID:
Type of IDID
Web of Science (WoS)000589328800001
ID Code:19772
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:23 Dec 2020 16:23
Metadata Last Modified:15 Jan 2021 19:22

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