SPÓŁDZIELNIA A KONCEPCJE NEOINSTYTUCJONALNE
Loading...
Date
2004
Authors
Advisor
Editor
Journal Title
Journal ISSN
Volume Title
Publisher
Wydział Prawa i Administracji UAM
Title alternative
COOPERATIVE AND THE NEOINSTITUTIONALISTS THEORIES
Abstract
The article evaluates the usefulness of agency theory and property rights and Williamson’s
transaction cost economics as a framework for discussing five major problems o f cooperatives.
Property rights held by cooperative owners and delegation of decision-making authority from
principal to agent impose a significant level o f conflict to the decision-making process, particularly
involving the allocation o f resources. As a result o f this inherent conflict, the traditional cooperative
exhibits five basic problems: free rider problem, horizon problem, portfolio problem, control problem
and influence cost problem. This article also examines how these problems are overcome by New
Generation Cooperatives.
Description
Sponsor
Keywords
Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 66, 2004, z. 3, s. 159-179.
Seria
ISBN
ISSN
0035-9629