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European Association of Agricultural Economists >
2008 International Congress, August 26-29, 2008, Ghent, Belgium >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/44398
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| Title: | On the Nature of a Cooperative: A System of Attributes Perspective |
| Authors: | Feng, Li
Hendrikse, George W.J. |
| Issue Date: | 2008 |
| Abstract: | In the 1950s and 1960s there was a debate
about the nature of an agricultural cooperative: the
cooperative as extension of the farm, the cooperative as
vertical integration or the cooperative as a firm. We
revisit this debate with various concepts from the theory
of the firm that have been formulated since 1990. Two
concepts shed light on this debate: the enterprise as a
system of attributes and the delineation of a governance
structure in terms of ownership rights, control rights and
income rights. We argue that viewing the cooperative as
a system of attributes integrates these three views. It
emphasizes that a cooperative is a firm in itself, with
many independent input suppliers as owners. The feature
of many input suppliers as owners implies that the
behavioral differences between a cooperative and an
investor owned firm have to be addressed by highlighting
the unique aspects of the stakeholder owning the
enterprise. |
| URI: | http://purl.umn.edu/44398 |
| Institution/Association: | European Association of Agricultural Economists>2008 International Congress, August 26-29, 2008, Ghent, Belgium |
| Total Pages: | 13 |
| Collections: | 2008 International Congress, August 26-29, 2008, Ghent, Belgium
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