Boards in Agricultural Cooperatives: Competence, Authority, and Incentives
22 Pages Posted: 22 Oct 2005
Date Written: May 2005 9,
This 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.
Keywords: boards, cooperatives, contract theory
JEL Classification: M, M10, L2, M12, Q13
Suggested Citation: Suggested Citation