Two Vignettes Regarding Boards in Cooperatives Versus Corporations

George Hendrikse
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George Hendrikse: RSM Erasmus University, Erasmus University

Chapter Chapter 8 in Vertical Markets and Cooperative Hierarchies, 2007, pp 137-150 from Springer

Abstract: Abstract This article addresses two observations regarding the board of directors in agricultural cooperatives. First, it is sometimes stated that cooperatives seem to behave like ordinary enterprises. Second, it is argued that cooperatives may have advantages compared to corporations with publicly exchanged shares. These observations are analyzed from complete as well as incomplete contracting theory.

Keywords: Bargaining Power; Governance Structure; Executive Compensation; Relational Contract; Bargaining Position (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_8

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DOI: 10.1007/1-4020-5543-0_8

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