Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 411810
Title Is the Ownership Structure Model a Decisive Determinant of Co-Operatives' Financial Success? A Financial Assessment
Author(s) Kalogeras, N.; Pennings, J.M.E.; Kuikman, J.; Doumpos, M.
Event Agricultural & Applied Economics Association's 2011AAEA & NAREA Joint Annual Meeting, Pittsburgh, Pennsylvania, USA, 2011-07-24/2011-07-26
Department(s) Marketing and Consumer Behaviour
WASS
Publication type Contribution in proceedings
Publication year 2011
Abstract Abstract. In this paper, the financial/ownership structures of agribusiness co-operatives (co-ops) are analyzed in order to examine whether new co-op models perform better than the more traditional ones. The assessment procedure introduces a new financial decision-aid approach, which is based on data-analysis techniques in combination with a Preference Ranking Organization Method of Enrichment Evaluations (PROMETHEE II). The application of this multi-criteria decision-aid approach allows the rank ordering of the co-ops on the basis of the most prominent financial ratios. The financial ratios were selected using principal component analysis. This analytical procedure reduces the dimensionality of large numbers of interrelated financial performance measures. We assess the financial success of selected EU agribusiness co-ops for the period 1999-2007. Results show that there is no clear-cut evidence that co-op models used to attract outside equity perform better than the more traditional models. This suggests that ownership structure of co-ops is not a decisive factor for their financial success. Keywords: agribusiness cooperatives, financial success, multicriteria decision-aid analysis.
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