Financial Instruments and Conflicts of Interest: Application to French Agricultural Co-operatives

To finance their growth and value creation, agricultural co-operatives have at their disposal several financial instruments: equity, quasi-equity or debt. Many of these instruments are particularly innovative and have been designed specifically for co-operatives. In France, only recently have some co-operatives expanded their types of financing to include external funders through the issue of OTC- or publicly-traded securities. Agricultural co-operatives' governance and economic projects are often misunderstood by external financial investors. The risk of conflicts of interest plays a role in these misunderstandings in the way retained earnings, returns to agricultural products brought by co-op member and returns to equity capital. Such risks are identified and answers are proposed.

Schiefer, Gerhard
Rickert, Ursula
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Journal Article
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ISSN 2194-511X (Other)
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International Journal on Food System Dynamics, Volume 06, Number 4
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 Record created 2017-04-01, last modified 2018-01-23

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