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G.W.J. Hendrikse (George) and C.P. Veerman (Cees)

2003-02-10

On The Future of Co-operatives

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Two extensions are formulated of the analysis of the allocation of decision rights in Hendrikse and Veerman (2001). First, the incomplete contracts in their article can be viewed as simple long-term contracts, i.e. it is not allowed to make the allocation of authority contingent on the circumstances. Contingent long-term contracts are now considered. Second, another aspect of decision rights is the frequency of meetings between the owners and managers of enterprises. This aspect will be addressed from a long-term contract perspective as well as a loss aversion perspective.

Additional Metadata
Keywords contingent control rights, frequency of board meetings
JEL Firm Objectives, Organization, and Behavior (jel L2), Business Administration and Business Economics; Marketing; Accounting (jel M), Business Administration: General (jel M10)
Publisher Erasmus Research Institute of Management
Persistent URL hdl.handle.net/1765/270
Series ERIM Report Series Research in Management
Rights Copyright 2003, G.W.J. Hendrikse, C.P. Veerman, This report in the ERIM Report Series Research in Management is intended as a means to communicate the results of recent research to academic colleagues and other interested parties. All reports are considered as preliminary and subject to possibly major revisions. This applies equally to opinions expressed, theories developed, and data used. Therefore, comments and suggestions are welcome and should be directed to the authors.
Organisation Erasmus Research Institute of Management
Citation
Hendrikse, G., & Veerman, C. (2003). On The Future of Co-operatives (No. ERS-2003-007-ORG). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/270
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