Two Vignettes Regarding Boards in Cooperatives Versus Corporations

Hendrikse, George

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

Cited by 20 publications

(14 citation statements)

References 14 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…LeVay () states even that “cooperatives may behave no differently from other types of enterprise” (p. 5). It turns out that the income rights in informal, repeated relationships can be structured in such a way that exactly the same distribution of power results in a cooperative as in other enterprises (Baker, Gibbons, & Murphy, ; Hendrikse, ). However, the actual composition of income rights reflects often that a cooperative is collectively owned by many independent suppliers.…”

Section: Data and Resultsmentioning

confidence: 99%

Governance Structure of Chinese Farmer Cooperatives: Evidence From Zhejiang Province

et al. 2014

Self Cite

View full text Add to dashboard Cite

The governance of farmer cooperatives in China is addressed regarding democratic decision-making procedures, participation in decision making, member exit, and profit allocation. Empirical results from a survey of fruit and vegetable cooperatives in the Zhejiang province (China) indicate that the distribution of ownership rights, decision rights, and income rights in a farmer cooperative is quite skewed towards a small proportion of members. Several governance practices by cooperatives are not in line with the requirements specified by the Law.

show abstract

Section: Data and Resultsmentioning

confidence: 99%

Governance Structure of Chinese Farmer Cooperatives: Evidence From Zhejiang Province

et al. 2014

Self Cite

View full text Add to dashboard Cite

show abstract

“…The wide geographical operating areas mean that members work under quite diverse conditions, and so the conflicting interests may foster indifference. As the management thus gets few, unclear and conflicting signals from the membership there is a risk that neither the board of directors nor the CEO (Chief Executive Officer) can interpret what the members want them to do (Cook & Iliopoulos, 2000;Hendrikse, 2007).…”

Section: Members' Participation In the Governance Of Cooperativesmentioning

confidence: 99%

“…The governance is shared between the CEO and the board, though the latter may be considered to be the more important, to the extent that the board appoints the CEO (Fulton & Giannakas, 2007). So, the focus in this study is on the board, no matter if the CEOs in real life often have a strong influence on the boards (Hendrikse, 2007).…”

Section: Dependent Variablesmentioning

confidence: 99%

Members' perception of their participation in the governance of cooperatives: the key to trust and commitment in agricultural cooperatives

2009

View full text Add to dashboard Cite

This study explores to which extent the members' assessment of their cooperatives' degree of success are related to various member attributes, with special reference to the members' perception of their participation in the governance of the cooperatives. Three categories of member attributes are identified: Satisfaction with the profitability of farm operations, Age, and Experience from board work. The cooperatives' degree of success is measured as members' commitment towards cooperatives, and members' trust in the board of directors.The data originates from a mail survey among Swedish farmers. A total of 2,250 farmers received a questionnaire. The response rate was 52%.The results indicate differences in members' cooperative commitment and their trust towards directors to be due to farm operations profitability, age and experience as directors. After adding members' perception of their participation in the governance as a covariate, most of the other differences are explained by this variable. Age is still to some extent associated with trust towards directors, as older farmers have less trust in directors.

show abstract

“…In general, there is a dearth in the literature regarding the allocation of control rights and the structure of corporate governance mechanisms in farmer‐owned cooperatives. A notable exception is the attempt of scholars from the Netherlands to describe governance practices in Dutch agricultural cooperatives (Bijman, Hendrikse, & van Oijen, 2012; Hendrikse, , ). Given this gap in the literature, a natural extension of this line of research is to decompose ownership into distinct types of rights and to identify alternative ownership‐control models of agricultural cooperatives based on the assignment of residual claims and control rights.…”

Section: Introductionmentioning

confidence: 99%

Control Rights, Governance, and the Costs of Ownership in Agricultural Cooperatives

2012

View full text Add to dashboard Cite

Agricultural cooperatives have changed considerably in recent decades. In witnessing these structural changes, scholars have proffered analyses of nontraditional ownership models focusing on residual claim rights. However, crucial information on the allocation of control rights in cooperatives is missing. This study sheds light on alternative ownership-control models adopted by agricultural cooperatives in different regions across the world. In each of these models, we describe the allocation of formal control rights with a focus on decision management and decision control rights. We thus provide empirical evidence on the "separation of ownership and control" in agricultural cooperatives. We also analyze each of the governance models in terms of the associated ownership costs, including risk-bearing costs, the costs of controlling managers, and collective decision-making costs. In doing so, we are able to better understand the forces influencing the organizational efficiency of each cooperative model.

show abstract

Two Vignettes Regarding Boards in Cooperatives Versus Corporations

Cited by 20 publications

References 14 publications

Governance Structure of Chinese Farmer Cooperatives: Evidence From Zhejiang Province

Governance Structure of Chinese Farmer Cooperatives: Evidence From Zhejiang Province

Members' perception of their participation in the governance of cooperatives: the key to trust and commitment in agricultural cooperatives

Control Rights, Governance, and the Costs of Ownership in Agricultural Cooperatives

Contact Info

Product

Resources

About