Cooperative growth: Is it constrained?

Murray E. Fulton, Joan R. Fulton, J. Stephen Clark and Claudia Parliament
Additional contact information
Murray E. Fulton: Department of Agricultural Economics and Centre for the Study of Co-operatives, University of Saskatchewan, Postal: Department of Agricultural Economics and Centre for the Study of Co-operatives, University of Saskatchewan
Joan R. Fulton: Department of Agricultural and Resource Economics, Colorado State University, Postal: Department of Agricultural and Resource Economics, Colorado State University
J. Stephen Clark: Nova Scotia Agricultural College, Postal: Nova Scotia Agricultural College
Claudia Parliament: Department of Agricultural and Applied Economics, University of Minnesota, Postal: Department of Agricultural and Applied Economics, University of Minnesota

Agribusiness, 1995, vol. 11, issue 3, 245-261

Abstract: This article explores the issue of cooperative growth from both an empirical and theoretical perspective. Using total assets as the measure of cooperative size, we present long-term, time-series data from seven of the largest regional agricultural cooperatives in Canada and the United States. We then examine the issue of growth from a theoretical perspective, integrating the literature on investor-oriented firm growth with the literature on cooperative growth. The empirical analysis that follows from the theoretical analysis suggests it is not possible to reject Gibrat's Law for six of the seven cooperatives; that is, that a cooperative's long-term growth rate is independent of its size. The empirical results also suggest the growth rate for the cooperatives in the sample is low, perhaps even zero. © 1995 by John Wiley & Sons, Inc.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:11:y:1995:i:3:p:245-261

DOI: 10.1002/1520-6297(199505/06)11:3<245::AID-AGR2720110306>3.0.CO;2-J

Access Statistics for this article

Agribusiness is currently edited by Ronald W. Cotterill

More articles in Agribusiness from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().