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.
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Hendrikse, G. (2007). Two Vignettes Regarding Boards in Cooperatives Versus Corporations. In: Vertical Markets and Cooperative Hierarchies. Springer, Dordrecht. https://doi.org/10.1007/1-4020-5543-0_8
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DOI: https://doi.org/10.1007/1-4020-5543-0_8
Publisher Name: Springer, Dordrecht
Print ISBN: 978-1-4020-4072-6
Online ISBN: 978-1-4020-5543-0
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