Performance of traditional cooperatives: the Portuguese Douro wine cooperatives
| dc.creator | Rebelo, Joao | |
| dc.creator | Caldas, Jose Vaz | |
| dc.creator | Matulich, Scott C. | |
| dc.date | 2017-04-01T18:57:15Z | |
| dc.date.accessioned | 2026-07-09T05:29:19Z | |
| dc.description | Globalization is challenging the very core of cooperative governance and ownership decision, especially in Southern European countries, like Portugal, where a large number of producers are organized in traditional and Mediterranean-style agricultural cooperatives. This paper analyses the effects of governance and control variables related with size over two alternative indicators of performance: revenues transferred to members/patrons and capital structure. The results suggest that these cooperatives have difficulties being sustainable in the more competitive global wine markets, if they follow, essentially, a practice of maximum patronage refund, reducing their capacity to improve leverage and to finance more profitable, but risky, long run investments. | |
| dc.identifier | doi:10.22004/ag.econ.99100 | |
| dc.identifier | https://ageconsearch.umn.edu/record/99100/files/07%20Joao%20Rebelo_01%20Blandford.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/99100 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/564332 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/99100 | |
| dc.title | Performance of traditional cooperatives: the Portuguese Douro wine cooperatives | |
| dc.type | Text |