Managerial form, ownership and efficiency: a case-study of Argentine agriculture

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In agriculture, studies dealing with the separation of ownership from control have focused on sharecropping, paying little attention to the impact of management and ownership on efficiency. Using Argentine data, this study tests the hypothesis that efficiency is a function of type of management, concentration of ownership, and mechanisms for monitoring managers. Results show that management, ownership and monitoring have a greater impact on marketing efficiency than either on technical or cost efficiency.

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