Marketing cooperatives and financial structure: a transaction costs economics analysis
| dc.creator | Hendrikse, George W.J. | |
| dc.creator | Veerman, Cees P. | |
| dc.date | 2017-04-01T13:59:32Z | |
| dc.date.accessioned | 2026-07-09T08:16:50Z | |
| dc.description | The relationship between the financial structure of a marketing cooperative (MC) and the requirement of the domination of control by the members is analysed from a transaction costs perspective. A MC receives less favourable terms on outside equity than a conventional firm because the decision power regarding new investments is not allocated to the providers of these funds. This is a serious threat to the survival of a MC in a market where efficient investments are characterised by an increasing level of asset specificity at the processing stage of production. A MC is predicted to be an efficient organisational form when the level of asset specificity at the processing stage of production is at a low or immediate level compared to the level of asset specificity at the farming stage of production. © 2001 Elsevier Science B.V. All rights reserved. | |
| dc.identifier | doi:10.22004/ag.econ.181436 | |
| dc.identifier | https://ageconsearch.umn.edu/record/181436/files/agec2001v026i003a002.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/181436 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/597413 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/181436 | |
| dc.title | Marketing cooperatives and financial structure: a transaction costs economics analysis | |
| dc.type | Text |