Agency and property rights theories in agricultural cooperatives: evidence from Spain
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Economía, Sociología y Política AgrariaPatrocinadores
This paper is a result of the 05708/PHCS/07 research project financed by Programa de Generación de Conocimiento Científico de Excelencia de la Fundación Séneca, Agencia de Ciencia y Tecnología de la Región de Murcia, in collaboration with the Confederación de Cooperativas Agrarias de España (CCAE) and Federación de Cooperativas Agrarias de Murcia (FECOAM).Fecha de publicación
2010Editorial
Instituto Nacional de Investigación y Tecnología Agraria y Alimentaria (INIA)Cita bibliográfica
MINGUEZ VERA, A., MARTÍN UGUEDO, J.F., ARCAS LARIO, N. Spanish Journal of Agricultural Research 2010 8(4): 908-924. ISSN 1695-971-XRevisión por pares
SIPalabras clave
ControlInversión
Objetivos y satisfacción de los miembros
Investment
Objectives and satisfaction
Resumen
[ENG] This manuscript examines the member-agricultural cooperative relationship from the point of view of the agency
and the property rights theories. The sample analysed includes 277 personal surveys completed by members of
agricultural cooperatives in the Region of Murcia (Spain). Results show that in all questions related to objectives
and level of satisfaction, members value them with an average of 6.9 out of 10 or higher in all cases. For both objectives
and satisfaction, the directors and the cooperative members who depend upon agricultural activity for a large
percentage of their income have higher scores, compared with non-board members and members who are less
dependent on agricultural activity (with a statistical significance of 1% and 5%, respectively). We also find that
members who agree in more with the admission of new members, who think it is easy to recover their investments
and who want to stay longer in the cooperative are those who are more willing to invest ...
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