1986
DOI: 10.1002/1520-6297(198621)2:1<1::aid-agr2720020102>3.0.co;2-0
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Cooperatives' shares in farm industries: Organizational and policy factors

Abstract: Cooperatives compete in farm-supply and marketing industries with investor-owned enterprises. Cooperatives' shares should depend on their distinctive organization: dealing "at cost" with members whose equities are tied to their current transactions with the cooperative. We show how this ownership structure affects cooperatives' activities and investment decisions, how it interacts with the public policies affording cooperatives special tax and antitrust status, and what these factors together imply for coopera… Show more

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Cited by 28 publications
(8 citation statements)
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“…This should be true for IOFs, however, as mentioned earlier, previous studies on the e¤ciency of the cooperatives have provided con£icting evidence. If we follow Sexton and Iskow (1993), Parliament et al (1990) we should expect a positive sign, whereas Porter and Scully (1987), Caves and Petersen (1986) suggest otherwise.…”
mentioning
confidence: 66%
See 1 more Smart Citation
“…This should be true for IOFs, however, as mentioned earlier, previous studies on the e¤ciency of the cooperatives have provided con£icting evidence. If we follow Sexton and Iskow (1993), Parliament et al (1990) we should expect a positive sign, whereas Porter and Scully (1987), Caves and Petersen (1986) suggest otherwise.…”
mentioning
confidence: 66%
“…Hence, one may expect the level of diversi¢cation of a cooperative to di¡er from that of an IOF. Caves and Petersen (1986) suggest that cooperatives will diversify more than IOFs instead. Their argument mainly derives from political theory and theory of clubs.…”
mentioning
confidence: 99%
“…The co-operatives evolved as a turning point and a necessary response for addressing the crisis of social inequality that threatened the existence of the less privileged workers and other members of the society (Mori, 2014). The co-operatives are sometimes viewed as enterprises that are triggered into existence by necessity to counter human socio-economic hardship, deprivation, poverty and wider market failures (Ben-Ner, 1984;Caves and Petersen, 1986).…”
Section: The Co-operative Society: a Panacea And Model For Community mentioning
confidence: 99%
“…Failure to properly consider the cost of equity can result in an overreliance on equity and unnecessarily high capital costs (Snider & Koller, ). It also can cause a cooperative to underestimate its capital costs and overinvest in assets (Caves & Petersen, ; Snider & Koller, ).…”
Section: Introductionmentioning
confidence: 99%