Boards in Agricultural Cooperatives: Competence, Authority, and Incentives

George Hendrikse

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

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; contract theory; cooperatives (search for similar items in EconPapers)
JEL-codes: L2 M M10 M12 Q13 (search for similar items in EconPapers)
Date: 2005-09-05
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Citations: View citations in EconPapers (2)

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