Equity Capital and Restructuring of Cooperatives as Investor-Oriented Firms Report as inadecuate




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The inability of financially successful cooperatives to recognize appreciation of patron’s equity creates a dilemma for cooperative members. The value of an enterprise as an investor-oriented firm may exceed the value of patron’s participation in a limited patronage horizon. This difference has been a factor in the decision of several cooperatives to restructure wholly or partially as investor-oriented firms. Reasons for valuation differences are discussed and related to six cases of cooperative restructuring.

Subject(s): Agribusiness

Issue Date: 1989

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/46219 Published in: Journal of Agricultural Cooperation, Volume 04 Page range: 41-53

Total Pages: 13

Record appears in: National Council of Farmer Cooperatives > Journal of Agricultural Cooperation





Author: Schrader, Lee F.

Source: http://ageconsearch.umn.edu/record/46219?ln=en







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