Two Vignettes Regarding Boards in Cooperatives Versus Corporations
January 2007
In Book
pp 137-150.
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This article addresses two observations regarding the board of directors in agricultural cooperatives. First, it is sometimes stated that cooperatives seem to behave like ordinary enterprises. Second, it is argued that cooperatives may have advantages compared to corporations with publicly exchanged shares. These observations are analyzed from complete as well as incomplete contracting theory.
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