search query: @indexterm co-operatives / total: 120
reference: 9 / 120
| Author: | Nilsson, J. |
| Title: | Organizational principles for co-operative firms |
| Journal: | Scandinavian Journal of Management
2001 : SEP, VOL. 17:3, p. 329-356 |
| Index terms: | AGENCY THEORY CO-OPERATIVES FINANCING INVESTMENT |
| Language: | eng |
| Abstract: | Co-operative firms have been the subject of criticism by many economists, who base their arguments on property rights and agency theory: members do not control management, investments are short term, accumulated investments are below the economic optimum, etc. Nevertheless, many co-operative organizations do function well for their members. An analysis of the assumptions underlying the criticism reveals that this is not generally justified. |
SCIMA