Factors affecting investments in environmental assets by agricultural machinery cooperatives (CUMAs): Evidence from France

Daniel Diakité, Lota Tamini, Simon Cornée (), Sébastien Caillault () and Damien Rousselière ()
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Daniel Diakité: CREATE - ULaval - Université Laval [Québec]
Lota Tamini: CREATE - ULaval - Université Laval [Québec]
Simon Cornée: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Sébastien Caillault: Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement, ESO - Espaces et Sociétés - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UM - Le Mans Université - UA - Université d'Angers - UR2 - Université de Rennes 2 - CNRS - Centre National de la Recherche Scientifique - Nantes Univ - IGARUN - Institut de Géographie et d'Aménagement Régional de l'Université de Nantes - Nantes Université - pôle Humanités - Nantes Univ - Nantes Université - Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement
Damien Rousselière: SMART - Structures et Marché Agricoles, Ressources et Territoires - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement, Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement

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Abstract: Although cooperatives are major actors in the transformation of agricultural systems, very little attention has been paid to the conditions that facilitate or hinder their involvement in the sustainable transition. Drawing on theoretical and empirical approaches, we analyze the effect of social capital on the propensity and proportion of investment in environmental assets in the case of agricultural machinery cooperatives (CUMAs) in France. The number of producers within their CUMA is used as a proxy of the bonding social capital and the CUMA's relationships with external organizations as a proxy of the bridging social capital. Our results show a nonmonotonic relationship between the proxies of social capital and investment in environmental assets by CUMAs. However, the effect differs depending on the subdimension of social capital considered. Interestingly, our results show that the effect of social capital within CUMAs remains even when the cooperatives carry out investment renewals that involve less risk for members.

Keywords: Environmental assets; Fractional model; Social capital (search for similar items in EconPapers)
Date: 2025-01-08
Note: View the original document on HAL open archive server: https://hal.science/hal-04881204v1
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Published in Agricultural Economics, 2025, 56 (2), pp.228-246. ⟨10.1111/agec.12873⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04881204

DOI: 10.1111/agec.12873

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