Operational and Financial Decisions Within Proportional Investment Cooperatives

References

• An J, Cho SH, Tang CS (2015) Aggregating smallholder farmers in emerging economies. Production Oper. Management 24(9):1414–1429.Crossref, Google Scholar
• Babich V, Sobel MJ (2004) Pre-IPO operational and financial decisions. Management Sci. 50(7):935–948.Link, Google Scholar
• Boland M, Barton D (2013) Overview of research on cooperative finance. J. Cooperatives 27:1–14.Google Scholar
• Bontems P, Fulton M (2009) Organizational structure, redistribution and the endogeneity of cost: Cooperatives, investor-owned firms and the cost of procurement. J. Econom. Behav. Organ. 72(1):322–343.Crossref, Google Scholar
• Borgen SO (2004) Rethinking incentive problems in cooperative organizations. J. Socio-Econom. 33(4):383–393.Crossref, Google Scholar
• Buzacott JA, Zhang RQ (2004) Inventory management with asset-based financing. Management Sci. 50(9):1274–1292.Link, Google Scholar
• Caves RE, Petersen BC (1986) Cooperatives’ tax “advantages”: Growth, retained earnings, and equity rotation. Amer. J. Agricultural Econom. 68(2):207–213.Crossref, Google Scholar
• Centner TJ (1982) Retained equities of agricultural cooperatives and the federal securities acts. Univ. Kansas Law Rev. 31:245–278.Google Scholar
• Chaddad FR, Cook ML (2003) The emergence of non-traditional cooperative structures: Public and private policy issues. Presentation, October 29, NCR-194 Research on Cooperatives Annual Meeting (Kansas City, MO).Google Scholar
• Chaddad FR, Cook ML (2004) Understanding new cooperative models: An ownership–control rights typology. Appl. Econom. Perspect. Policy 26(3):348–360.Google Scholar
• Chaddad FR, Cook ML, Heckelei T (2005) Testing for the presence of financial constraints in US agricultural cooperatives: An investment behaviour approach. J. Agricultural Econom. 56(3):385–397.Crossref, Google Scholar
• Cook ML (1995) The future of US agricultural cooperatives: A neo-institutional approach. Amer. J. Agricultural Econom. 77(5):1153–1159.Crossref, Google Scholar
• Cook ML, Iliopoulos C (2000) Ill-defined property rights in collective action: The case of US agricultural cooperatives. Ménard C, ed. Institutions, Contracts, and Organizations: Perspectives from New Institutional Economics (Edward Edgar Publishing, Cheltenham, UK), 335–348.Crossref, Google Scholar
• Cracogna D, Fici A, Henrÿ H (2013) International Handbook of Cooperative Law (Springer-Verlag Berlin Heidelberg).Crossref, Google Scholar
• De Véricourt F, Gromb D (2017) Financing capacity investment under demand uncertainty: An optimal contracting approach. Manufacturing Service Oper. Management 20(1):85–96.Link, Google Scholar
• Ding Q, Dong L, Kouvelis P (2007) On the integration of production and financial hedging decisions in global markets. Oper. Res. 55(3):470–489.Link, Google Scholar
• Evans LT, Meade RB (2005) The role and significance of cooperatives in New Zealand agriculture: a comparative institutional analysis. Report, New Zealand Ministry of Agriculture and Forestry, Wellington, New Zealand.Google Scholar
• Ewing I (2013) Fonterra dumping milk byproducts in Taranaki. Stuff (October 17), http://www.stuff.co.nz/business/farming/dairy/9293549/Fonterra-dumping-milk-byproducts-in-Taranaki.Google Scholar
• Gentzoglanis A (1997) Economic and financial performance of cooperatives and investor-owned firms: An empirical study. van Dijk G, Nilsson J, eds. Strategies and Structures in the Agro-food Industries (Van Gorcum & Comp.B.V., Assen, Netherlands), 171–182.Google Scholar
• Gray J (2012) Fonterra puts focus on redemption risk. NZ Herald (June 2), http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10810148.Google Scholar
• Hardesty SD, Salgia VD (2004) Comparative Financial Performance of Agricultural Cooperatives and Investor-Owned Firms. Presentation, November 2–3, NCR-194 Research on Cooperatives Annual Meeting, Kansas City, MO.Google Scholar
• Hart O, Moore J (1998) Cooperatives vs. outside ownership. Paper no. 6421, National Bureau of Economic Research, Cambridge, MA.Crossref, Google Scholar
• Hovelaque V, Duvaleix-Tréguer S, Cordier J (2009) Effects of constrained supply and price contracts on agricultural cooperatives. Eur. J. Oper. Res. 199(3):769–780.Crossref, Google Scholar
• Jaffee S, Siegel P, Andrews C (2010) Rapid agricultural supply chain risk assessment: A conceptual framework. Agriculture and Rural Development Discussion Paper 47, World Bank, Washington, DC.Google Scholar
• Kazaz B, Webster S (2011) The impact of yield-dependent trading costs on pricing and production planning under supply uncertainty. Manufacturing Service Oper. Management 13(3):404–417.Link, Google Scholar
• LeVay C (1983) Agricultural co-operative theory: A review. J. Agricultural Econom. 34(1):1–44.Crossref, Google Scholar
• Li L, Shubik M, Sobel MJ (1997) Production with dividends and default penalties. Unpublished Working Paper Series B, Yale School of Management, New Haven, CT.Google Scholar
• Li L, Shubik M, Sobel MJ (2013) Control of dividends, capital subscriptions, and physical inventories. Management Sci. 59(5):1107–1124.Link, Google Scholar
• Li S, Ye B, Yu J (2010) Incentives and quality provision in organizations: Co-operative vs IOF. Presentation, The 8th INRA - IDEI Conference: Industrial Organization and the Food Processing Industry, June 10–11, Toulouse, France.Google Scholar
• Li Z, Jacobs K, Artz GM (2014) The relative capital structure of agricultural grain and supply cooperatives and investor owned firms. Working paper, Department of Economics, Iowa State University, Ames.Google Scholar
• Lucas DJ, McDonald RL (1990) Equity issues and stock price dynamics. J. Finance 45(4):1019–1043.Crossref, Google Scholar
• Mark DR (2002) Dealing with cooperative losses. Cornhusker Econom. 77 (August 7), http://digitalcommons.unl.edu/agecon_cornhusker/77/.Google Scholar
• McBride G (2012) Agricultural Cooperatives: Their Why and Their How (Springer Science & Business Media, New York).Google Scholar
• Moore CV, Hardesty SD (1991) Base Capital Plan. Working paper, The Center for Cooperatives, University of California, Davis, Davis.Google Scholar
• Ning J, Babich V (2017) R&D investments in the presence of knowledge spillover and debt financing: Can risk shifting cure free riding? Manufacturing Service Oper. Management 20(1):97–112.Link, Google Scholar
• Ning J, Sobel MJ (2017) Production and capacity management with internal financing. Manufacturing Service Oper. Management 20(1):147–160.Link, Google Scholar
• Pasternack BA (1985) Optimal pricing and return policies for perishable commodities. Marketing Sci. 4(2):166–176.Link, Google Scholar
• Pederson G (1998) Cost of capital for agricultural cooperatives. RBS Research Report 154, U.S. Department of Agriculture, Washington, DC.Google Scholar
• Qian XY (2017) Modelling contracts and incentives in agricultural co-ops with an emphasis on quality and financial decisions. Unpublished doctoral dissertation, The University of Auckland, Auckland, New Zealand.Google Scholar
• Raab V, Schütz V, Czekala A, Petersen V, Trienekens J, Petersen B (2013) Cooperatives in agri-food chains–structure and current challenges in risk and crisis management. Dynamics in Food and Agriculture Based Supply Chains—IGU Mini-Conf., Berlin, Germany, 27–28.Google Scholar
• Rathbone RC, Wissman RA (1993) Equity Redemption and Member Equity Allocation Practices of Agricultural Cooperatives, ACS Research Report 124, U.S. Department of Agriculture, Agricultural Cooperative Service, Washington, DC.Google Scholar
• Ray DK, Ramankutty N, Mueller ND, West PC, Foley JA (2012) Recent patterns of crop yield growth and stagnation. Nature Comm. 3:1293.Crossref, Google Scholar
• Reilly JD (1992) Cooperative marketing agreements: Legal considerations. ACR Research Report 106, Agricultural Cooperative Service, U.S. Department of Agriculture, Washington, DC.Google Scholar
• Royer JS (2003) The base capital plan for managing cooperative equity. Cornhusker Econom. 126 (July 23), http://digitalcommons.unl.edu/agecon_cornhusker/126/.Google Scholar
• Sexton RJ (1984) Perspectives on the development of the economic theory of co-operatives. Canadian J. Agricultural Econom. 32(2):423–436.Crossref, Google Scholar
• Soboh RA, Lansink AO, Giesen G, van Dijk G (2009) Performance measurement of the agricultural marketing cooperatives: The gap between theory and practice. Rev. Agricultural Econom. 31(3):446–469.Crossref, Google Scholar
• Tang CS, Yang SA, Wu J (2017) Sourcing from suppliers with financial constraints and performance risk. Manufacturing Service Oper. Management 20(1):70–84.Link, Google Scholar
• U.S. Department of Agriculture (1993) What are patronage refunds? Cooperative Information Report 9, Agricultural Cooperative Service, U.S. Department of Agriculture, Washington, DC.Google Scholar
• U.S. Department of Agriculture (1994) Understanding cooperatives: cooperative business principles. Cooperative Information Report 45, Agricultural Cooperative Service, U.S. Department of Agriculture, Washington, DC.Google Scholar
• VanSickle JJ, George WL (1983) A model of cooperative finance. Amer. J. Agricultural Econom. 65(2):273–281.Crossref, Google Scholar
• Xu X, Birge JR (2006) Equity valuation, production, and financial planning: A stochastic programming approach. Naval Res. Logist. 53(7):641–655.Crossref, Google Scholar
• Xu X, Birge JR (2008) Operational decisions, capital structure, and managerial compensation: A newsvendor perspective. Engrg. Econom. 53(3):173–196.Crossref, Google Scholar
• Zhang J, Sobel MJ (2010) Financially optimal inventory policies with non-linear replenishment costs. Asia-Pacific J. Oper. Res. 27(04):477–492.Crossref, Google Scholar