Work

Performance of Cooperatives and Investor Owned Firms in the Dairy Industry

Year: 1989

Type: article

Abstract: A comparison of regional dairy cooperatives with investor-owned dairy firms from the period 1976-87 produced empirical findings that are at variance with the hypotheses suggested by the theory of cooperatives. The cooperatives in the sample performed significantly better than the IOFs when compared by leverage, liquidity, asset turnover, and coverage ratios, while the rate of return to equity was not found to be significantly different. Techniques are also proposed for valuing the nonmarket aspects of cooperatives that are not captured by financial ratio analysis.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.14245

Authors: Parliament, Claudia, Lerman, Zvi, Fulton, Joan R.

Language: English

Topic: Cooperative Studies and Economics

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1590259268