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Distinguishing dairy cooperatives from investor‐owned firms in Europe using financial indicators

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  • Rafat Ali Mosa Ewaida (RAME) Soboh
  • Alfons Oude Lansink
  • Gert van Dijk

Abstract

The European dairy industry is facing a number of challenges related to policy changes and global trends that add pressure on their economic performance. This study uses logistic regression to analyze differences in financial and performance indicators between European dairy cooperatives and investor-owned firms. The investigated indicators are profitability, debt, operational efficiency, equity growth, size, and country dummies. The empirical application uses data from 170 European dairy firms. Cooperatives are on average less profitable, operate more efficiently, and have a stronger financial position than investor‐owned firms. Using the above‐mentioned financial and performance indicators, cooperatives appear to be well equipped to cope with the challenges ahead. [EconLit citations: Q13; M12; C25]. (C) 2010 Wiley Periodicals, Inc.

Suggested Citation

  • Rafat Ali Mosa Ewaida (RAME) Soboh & Alfons Oude Lansink & Gert van Dijk, 2011. "Distinguishing dairy cooperatives from investor‐owned firms in Europe using financial indicators," Agribusiness, John Wiley & Sons, Ltd., vol. 27(1), pages 34-46, Winter.
    • Handle: RePEc:wly:agribz:v:27:y:2011:i:1:p:34-46
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    File URL: http://hdl.handle.net/10.1002/agr.20246
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    Cited by:

    1. Elena MELIÁ MARTÍ & Ma Pía CARNICER ANDRÉS, 2015. "Organizational models for the major agri-food cooperative groups in the European Union," CIRIEC Working Papers 1506, CIRIEC - Université de Liège.
    2. Silvia Andr?s Gonz?lez-Moralejo & Mildrey Garc?a Cort?s & Juan Francisco L?pez Miquel, 2021. "Are small and medium-size food industry firms profitable? Explaining differences in their performance: The case of the Valencia Region," Economia agro-alimentare, FrancoAngeli Editore, vol. 23(1), pages 1-24.
    3. Anne Musson & Damien Rousselière, 2020. "Exploring the effect of crisis on cooperatives: a Bayesian performance analysis of French craftsmen cooperatives," Applied Economics, Taylor & Francis Journals, vol. 52(25), pages 2657-2678, May.
    4. Musson, Anne & Rousselière, Damien, 2020. "Identifying the impact of crisis on cooperative capital constraint. A short note on French craftsmen cooperatives," Finance Research Letters, Elsevier, vol. 35(C).
    5. Hellberg-Bahr, A. & Steffen, N. & Spiller, A., 2012. "Unternehmensstrategie Defizite in Genossenschaftsmolkereien: Eine mitgliederbasierte Fallstudie," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 47, March.
    6. Achilleas Kontogeorgos & Panagiota Sergaki & Anastasia Kosma & Vassiliki Semou, 2018. "Organizational Models for Agricultural Cooperatives: Empirical Evidence for their Performance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(4), pages 1123-1137, December.
    7. Xi, Xian & An, Haizhong, 2018. "Research on energy stock market associated network structure based on financial indicators," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 490(C), pages 1309-1323.
    8. Xi, Xian & Gao, Xiangyun & Zhou, Jinsheng & Zheng, Huiling & Ding, Jiazheng & Si, Jingjian, 2021. "Uncovering the impacts of structural similarity of financial indicators on stock returns at different quantile levels," International Review of Financial Analysis, Elsevier, vol. 76(C).
    9. Andrés González-Moralejo, Silvia & García Cortés, Mildrey & López Miquel, Juan Francisco, 2021. "Are small and medium-size food industry firms profitable? Explaining differences in their performance: The case of the Valencia Region," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 23(1), May.
    10. Elisabete Nogueira & Sofia Gomes & João M. Lopes, 2024. "Financial Sustainability: Exploring the Influence of the Triple Bottom Line Economic Dimension on Firm Performance," Sustainability, MDPI, vol. 16(15), pages 1-17, July.
    11. Matyja, Małgorzata, 2017. "A Comparative Study of Profitability of Agricultural Cooperatives in Poland and Around the World," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 17(32, Part ), December.
    12. Roman Vavrek & Ivana Kravčáková Vozárová & Rastislav Kotulič, 2021. "Evaluating the Financial Health of Agricultural Enterprises in the Conditions of the Slovak Republic Using Bankruptcy Models," Agriculture, MDPI, vol. 11(3), pages 1-19, March.
    13. 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.
    14. Jos BIJMAN & Markus HANISCH, 2020. "Understanding the heterogeneity among agricultural cooperatives," CIRIEC Working Papers 2013, CIRIEC - Université de Liège.
    15. Caetano Luiz Beber & Sebastian Lakner & Ioannis Skevas, 2021. "Organizational forms and technical efficiency of the dairy processing industry in Southern Brazil," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-22, December.

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