Agency and property rights theories in agricultural cooperatives: evidence from Spain
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Knowledge AreaEconomía, Sociología y Política Agraria
SponsorsThis 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).
PublisherInstituto Nacional de Investigación y Tecnología Agraria y Alimentaria (INIA)
Bibliographic CitationMINGUEZ VERA, A., MARTÍN UGUEDO, J.F., ARCAS LARIO, N. Spanish Journal of Agricultural Research 2010 8(4): 908-924. ISSN 1695-971-X
Objetivos y satisfacción de los miembros
Objectives and satisfaction
[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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