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Performance of Cooperatives and Investor-Owned Firms: The Case of the Greek Dairy Industry

In: Vertical Markets and Cooperative Hierarchies

Author

Listed:
  • Ourania Notta

    (Technological Educational Institute of Thessaloniki)

  • Aspassia Vlachvei

    (Technological Educational Institute of West Macedonia)

Abstract

This paper examines factors that might affect performance of cooperatives and investor-owned firms (IOFs). The empirical work tests whether significant profitability differences between the two groups exist, in the case of the Greek dairy industry, over the period 1990–2001. The relevant descriptive statistics show that IOFs are more profitable, while results suggest that profitability differences between cooperatives and IOFs can be attributed mainly to the greater effectiveness of IOFs’ capital structure determinants and market share.

Suggested Citation

  • Ourania Notta & Aspassia Vlachvei, 2007. "Performance of Cooperatives and Investor-Owned Firms: The Case of the Greek Dairy Industry," Springer Books, in: Vertical Markets and Cooperative Hierarchies, chapter 0, pages 275-285, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4020-5543-0_16
    DOI: 10.1007/1-4020-5543-0_16
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    Citations

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    Cited by:

    1. Ahmet Candemir & Sabine Duvaleix & Laure Latruffe, 2021. "Agricultural Cooperatives And Farm Sustainability – A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1118-1144, September.
    2. Zieseniß, Roland, 2014. "Markterfolg und Erfolgsfaktoren von Genossenschaften und anderen Rechtsformen: Ein Vergleich von deutschen Molkereien anhand betriebswirtschaftlicher Kennzahlen," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 63(1).
    3. 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.
    4. 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.

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