@article{Rebelo:101052,
      recid = {101052},
      author = {Rebelo, Joao and Caldas, Jose Vaz and Matulich, Scott C.},
      title = {Manager Power, Member Behavior and Capital Structure:  Portuguese Douro Wine Cooperatives},
      journal = {Agricultural Economics Review},
      address = {2008-07},
      number = {389-2016-23333},
      pages = {11},
      year = {2008},
      abstract = {Leverage is one of the most important financial factors to  the survival and viability of
agricultural cooperatives  (e.g., wine cooperatives) during a period of intense  competition.
Leverage is influenced both by the behavior of  managers and cooperative members.
An empirical study for  the Douro Demarcated Region Wine Cooperatives  (DDRWC)
supports the hypothesis that managers have a  positive influence in the determination
of the equity/total  assets ratio and that individualistic behavior of  cooperative
members has a negative influence in the value  of this ratio. This paper suggests that
there may be value  in reconsidering cooperatives in the context of a so-called  Mediterranean
model.},
      url = {http://ageconsearch.umn.edu/record/101052},
      doi = {https://doi.org/10.22004/ag.econ.101052},
}