This article addresses the influence costs problem in the governance structure agribusiness cooperative. Influence costs are higher in cooperatives than in investor-oriented firms due to the unique governance structure of the former. Hypotheses are formulated and tested regarding the...

Governance of agricultural cooperatives has emerged as a research topic during the last decade. It led to the realization that corporate governance recommendations tailored to the needs of investor-oriented firms do not always apply to cooperatives. However, most of the extant research focuses...

This paper compares the new institutional economics literature on agricultural cooperatives to their actual operation in Greece. The key contrast thus revealed concerns the role of opportunism. New institutional economics explains cooperatives in terms of their ability to combat external...

This paper explores the cross-fertilization potential that exists between the economic theory of agricultural cooperatives and that of nonprofit organizations. A number of central ideas in the agricultural cooperative theory are shown to generate two novel insights pertaining to the nonprofit...