Performance of Cooperatives and Investor-Owned Firms: The Case of the Greek Dairy Industry

Ourania Notta and Aspassia Vlachvei
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Aspassia Vlachvei: Technological Educational Institute of West Macedonia

Chapter Chapter 16 in Vertical Markets and Cooperative Hierarchies, 2007, pp 275-285 from Springer

Abstract: Abstract This paper examines factors that might affect performance of cooperatives and investor-owned firms (IOFs). The empirical work tests whether significant profitability differences between the two groups exist, in the case of the Greek dairy industry, over the period 1990–2001. The relevant descriptive statistics show that IOFs are more profitable, while results suggest that profitability differences between cooperatives and IOFs can be attributed mainly to the greater effectiveness of IOFs’ capital structure determinants and market share.

Keywords: Market Share; Total Asset; Capital Structure; Leverage Ratio; Agricultural Cooperative (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4020-5543-0_16

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DOI: 10.1007/1-4020-5543-0_16

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