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A Descriptive Summary of Cooperative Governance and Performance

Author

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  • Franken, Jason R. V.
  • Cook, Michael L.

Abstract

Empirical work in the field of corporate governance is extensive, but may not uniformly apply to cooperative businesses with patron-driven, multiple objective functions. This descriptive analysis offers further insights into the relation between cooperative governance and performance using unique survey and accounting data. Findings of better performance among firms with smaller boards, and to a lesser extent, those with outside directors seem to extend to the cooperative model. Experienced CEOs and board chairs appear to sacrifice financial performance to better serve patron-members. Director training enhances financial performance. Cooperatives with more active boards and members tend to have better overall performance.

Suggested Citation

  • Franken, Jason R. V. & Cook, Michael L., 2017. "A Descriptive Summary of Cooperative Governance and Performance," Journal of Cooperatives, NCERA-210, vol. 32.
    • Handle: RePEc:ags:jlcoop:301193
    DOI: 10.22004/ag.econ.301193
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    Cited by:

    1. Isaac Zúñiga Aguilar, 2022. "Neuroeconomics in Cooperatives: Hierarchy of Emotional Patterns in the Collective Decision-Making Process for Sustainable Development," Sustainability, MDPI, vol. 14(12), pages 1-31, June.
    2. Isaac Zúniga Aguilar, 2021. "Neuroeconomic Decisions in Cocoa Producers: Impact of Cooperative Innovation Methodology on Prospecting for Fair Trade Organic Niche as an Incentive for Agricultural Sustainability," Sustainability, MDPI, vol. 13(15), pages 1-25, July.

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    Keywords

    Political Economy;

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