Boards in Agricultural Cooperatives: Competence, Authority, and Incentives

22 Pages Posted: 22 Oct 2005

See all articles by George W.J. Hendrikse

George W.J. Hendrikse

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM); Erasmus Research Institute of Management (ERIM)

Date Written: May 2005 9,

Abstract

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

Hendrikse, George W.J., Boards in Agricultural Cooperatives: Competence, Authority, and Incentives (May 2005 9,). ERIM Report Series Reference No. ERS-2005-042-ORG, Available at SSRN: https://ssrn.com/abstract=800227

George W.J. Hendrikse (Contact Author)

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands

Erasmus Research Institute of Management (ERIM)

P.O. Box 1738
3000 DR Rotterdam
Netherlands

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