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The Greek Unions of Agricultural Cooperatives as efficient enterprises

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  • Sergaki, Panagiota
  • Semos, Anastasios V.

Abstract

This paper investigates the efficiency level of Unions of Agricultural Cooperatives (UAC) and Investor-Oriented Firms (IOF) in Greece. Data have been collected over a period of six years for UAC (1995-2000) and of five years for IOF (1995-1999). Financial analysis results were used with the help of 3SLS technique in a four equation simultaneous model in order to estimate those parameters, which would determine the efficiency level of the UAC and the IOF in Greece.

Suggested Citation

  • Sergaki, Panagiota & Semos, Anastasios V., 2006. "The Greek Unions of Agricultural Cooperatives as efficient enterprises," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 7(2), pages 1-13, July.
    • Handle: RePEc:ags:aergaa:44110
    DOI: 10.22004/ag.econ.44110
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    References listed on IDEAS

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    1. Hurdle, Gloria J, 1974. "Leverage, Risk, Market Structure and Profitability," The Review of Economics and Statistics, MIT Press, vol. 56(4), pages 478-485, November.
    2. Leon Garoyan, 1983. "Developments in the Theory of Farmer Cooperatives: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 1096-1098.
    3. Helmut Anheier & Avner Ben-Ner, 1997. "Shifting Boundaries: Long-term changes in the size of the for-profit, nonprofit, cooperative and government sectors," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 68(3), pages 335-353, September.
    4. Alicia Kaplan de Drimer, 1997. "Will cooperatives be able to preserve their nature and their members' general interest in the face of structural changes?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 68(3), pages 469-483, September.
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    Cited by:

    1. Elena MELIA-MARTI & Ana Maria MARTINEZ-GARCIA, 2015. "Characterization And Analysis Of Cooperative Mergers And Their Results," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(3), pages 479-504, September.
    2. Marco Fazzini & Antonella Russo, 2014. "Profitability in the Italian Wine Sector: An Empirical Analysis of Cooperatives and Investor-Owned Firms," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(3), pages 130-137, July.
    3. Ourania Tremma & Achilleas Kontogeorgos & Philippos Karipidis & Fotios Chatzitheodoridis, 2021. "Mapping the Market Segments for the Consumers of Greek Cooperative Food Products," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    4. Sergaki, P. & Mastronikolos, G. & Kontogeorgos, A. & Semos, A., 2016. "Linking Strategic Orientations with Performance Levels: A Case of Greek Agricultural Cooperatives," Conference Papers 261307, Indian Society of Agricultural Economics.
    5. Konstantina Ragazou & Evgenia Anastasiou & George Theodossiou & Konstantinos Koutsogeorgos, 2021. "Democratic Administration and Commitment of Members of Agricultural Cooperatives: A Case Study from a Prefecture in Greece," Businesses, MDPI, vol. 1(2), pages 1-12, September.
    6. Achilleas KONTOGEORGOS & Fotios CHATZITHEODORIDIS & Efstratios LOIZOU, 2016. "Adaptation strategies for the Greek agricultural cooperatives during the economic crisis," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(1), pages 26-34.
    7. Theo Benos & Nikos Kalogeras & Martin Wetzels & Ko De Ruyter & Joost M. E. Pennings, 2018. "Harnessing a ‘Currency Matrix’ for Performance Measurement in Cooperatives: A Multi-Phased Study," Sustainability, MDPI, vol. 10(12), pages 1-38, December.
    8. Salavou, Helen E. & Sergaki, Panagiota, 2013. "Generic Business Strategies in Greece: Private Food Firms versus Agricultural Cooperatives," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 41(1), pages 1-17.

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