Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Agricultural Cooperatives in the U.S. and Israel: Comparative Performance of Cooperatives and Investor Owned Firms

Agricultural Cooperatives in the U.S. and Israel: Comparative Performance of Cooperatives and Investor Owned Firms

Parliament, Claudia
Lerman, Zvi

Paperback

Agriculture

ISBN10: 1540891534
ISBN13: 9781540891532
Publisher: Createspace
Published: Jan 3 2017
Pages: 106
Weight: 0.34
Height: 0.22 Width: 5.98 Depth: 9.02
Language: English
Persistent overborrowing in Israeli cooperative agriculture led to a severe financial crisis in 1986. The overborrowing may have been caused by the moral-hazard behavior and horizon problems inherent to cooperative organizations. The possible link between cooperative attributes and financial performance is tested by examining the behavior of agricultural cooperatives in two culturally different environments (the U.S. and Israel) and by comparing the performance of cooperatives to that of investor-owned firms (IOFs). Israeli agricultural cooperatives appear to have consistently followed a much riskier financial strategy than comparable U.S. cooperatives. Even if the financial crisis in Israel was indeed precipitated by cooperative-specific factors, these factors are not universally active: their relevance is largely a function of the cultural and economic environment.

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