Do Corporate Governance Recommendations Apply to U.S. Agricultural Cooperatives?
1
School of Agriculture, Western Illinois University, 313 Knoblauch Hall, Macomb, IL 61455, USA
2
Division of Applied Social Sciences, University of Missouri, 125 Mumford Hall, Columbia, MO 65211, USA
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(19), 5321; https://doi.org/10.3390/su11195321
Received: 7 August 2019 / Revised: 21 September 2019 / Accepted: 24 September 2019 / Published: 26 September 2019
(This article belongs to the Section Economic and Business Aspects of Sustainability)
A limited inquiry into cooperative governance and performance suggests that best practices from corporate governance literature may not apply uniformly to cooperatives. The rarely addressed issue of endogeneity limits confidence in recommendations for corporations and cooperatives alike and inference of recommendations for cooperatives is complicated by availability of appropriate performance measures. By accounting for the most commonly recognized sources of endogeneity and measuring overall cooperative performance, expectations of better performance by larger cooperatives with smaller boards are confirmed, while limited evidence is obtained on the expected positive effects of seating outside experts on the board.
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MDPI and ACS Style
Franken, J.R.V.; Cook, M.L. Do Corporate Governance Recommendations Apply to U.S. Agricultural Cooperatives? Sustainability 2019, 11, 5321. https://doi.org/10.3390/su11195321
AMA Style
Franken JRV, Cook ML. Do Corporate Governance Recommendations Apply to U.S. Agricultural Cooperatives? Sustainability. 2019; 11(19):5321. https://doi.org/10.3390/su11195321
Chicago/Turabian StyleFranken, Jason R.V., and Michael L. Cook 2019. "Do Corporate Governance Recommendations Apply to U.S. Agricultural Cooperatives?" Sustainability 11, no. 19: 5321. https://doi.org/10.3390/su11195321
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