Toward a Transaction Cost Theory of Organizational Change in Transitional Agriculture

Food Safety and Value Chain Coordination in the Context of a Transition Economy: The Role of Agricultural Cooperatives

“…It is noteworthy that this conjecture stands in marked contrast to the main thrust of scholarly investigations into the prospects of agricultural cooperatives in post-socialist transitional economies (e.g., Valentinov and Curtiss, 2005;Gardner and Lerman, 2006;Wolz et al, 2020;Bijman et al, 2012). Despite the heterogeneity of transitional economies, many of these investigations tend to see these prospects in a pessimistic light.…”

Governance of Production Co‐operatives in Russian Agriculture

“…It is likely that there is a skewed power balance between managers and members of the Russian production cooperatives, not least because many co-operatives are successors to Soviet farms (Valentinov and Curtiss, 2005). The risk of shirking and free-riding is often high in collectively organised entities, but there is also a possibility for managers to dominate the members.…”

“…Under market conditions, the more efficient organisations will expand and the less efficient will decline (Schiller, 1969). Hence, the continuous existence of Russian production cooperatives may be an expression of these firms being efficient under certain conditions, provided that the country's agriculture is ruled by well-functioning market mechanisms that are not disturbed by political forces (Valentinov and Curtiss, 2005).…”

A Framework for Assessing the Governance Efficiency of Agricultural Farms

“…The interdisciplinary New Institutional Economics is a rapidly evolving methodology, which allows better understanding and assessing the efficiency of diverse forms of farms and agrarian organizations Furuboth and Richter, 2000;Mugwagwa, Bijman, Trienekens, 2020;Sykuta and Cook, 2001;Valentinov and Curtiss, 2005;Williamson, 1996). It studies farms (not only as a production but) as a governance structureas a form for the organization (governing) of agrarian transactions and minimization of transaction costs.…”