Do Corporate Governance Recommendations Apply to U.S. Agricultural Cooperatives?

Jason R. V. Franken and Michael L. Cook
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Jason R. V. Franken: School of Agriculture, Western Illinois University, 313 Knoblauch Hall, Macomb, IL 61455, USA
Michael L. Cook: Division of Applied Social Sciences, University of Missouri, 125 Mumford Hall, Columbia, MO 65211, USA

Sustainability, 2019, vol. 11, issue 19, 1-16

Abstract: A limited inquiry into cooperative governance and performance suggests that best practices from corporate governance literature may not apply uniformly to cooperatives. The rarely addressed issue of endogeneity limits confidence in recommendations for corporations and cooperatives alike and inference of recommendations for cooperatives is complicated by availability of appropriate performance measures. By accounting for the most commonly recognized sources of endogeneity and measuring overall cooperative performance, expectations of better performance by larger cooperatives with smaller boards are confirmed, while limited evidence is obtained on the expected positive effects of seating outside experts on the board.

Keywords: boards of directors; cooperatives; corporate governance; endogeneity; performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:19:p:5321-:d:271036

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