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Boards in Agricultural Cooperatives: Competence, Authority, and Incentives
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In this paper, three observations regarding the board of directors in agricultural cooperatives are analyzed from various contract theoretic perspectives, including the competency of the member dominated board of Directors, and the tendency of cooperatives to behave like ordinary enterprises.Abstract:
textThis article addresses three observations regarding the board of directors in agricultural cooperatives. First, many scholars and practitioners worry about the competency of the member dominated board of directors in agricultural cooperatives. Second, it is sometimes stated that cooperatives seem to behave like ordinary enterprises. Finally, it is argued that cooperatives may have advantages compared to firms with publicly exchanged shares. These observations are analyzed from various contract theoretic perspectives.read more
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Managerial vision bias and cooperative governance
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