Theory And Test On The Corporate Governance Of Financial Cooperative Systems

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Theory and Test on the Corporate Governance of Financial Cooperative Systems

Author : Martin Desrochers
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Theory and Test on the Corporate Governance of Financial Cooperative Systems by : Martin Desrochers

Download or read book Theory and Test on the Corporate Governance of Financial Cooperative Systems written by Martin Desrochers and published by . This book was released on 2004 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a study of the economic organization of systems of financial cooperatives (FC). The first part presents a theoretical framework rooted in principles of transaction cost economics (TCE) that seeks to explain empirical regularities observable in systems of FC worldwide. The second part is an empirical study that compares X-efficiency between members of the Quebec Desjardins movement (DM) and the United States Credit Union system (USCU), the first organized as a tight network of institutions and the second composed largely by independent institutions with few ties. The fundamental proposition is that networks are a superior form of governance mechanism (over markets and mergers) for relatively wide and relevant ranges of contractual hazard and size of the institutions. Further, that networks provide substitute, hierarchy based, control mechanisms when size of the institution dilutes internal governance mechanisms, discouraging subgoal pursuits and expense preferences by agents, both occurring in large FC. The theory allows us to generate a set of testable hypothesis of which we highlight three: i) For small FC, differences in efficiency will be relatively small, if any. ii) Large institutions should display systematically lower efficiency than similar sized FC members of strategic networks. iii) Networks should display lower variance in the size as well as in performance indicators. Throughout, empirical results are consistent with our central theoretical proposition.

Cooperative Financial Institutions

Author : Carlos E. Cuevas
Publisher : World Bank Publications
ISBN 13 : 0821366858
Total Pages : 74 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Cooperative Financial Institutions by : Carlos E. Cuevas

Download or read book Cooperative Financial Institutions written by Carlos E. Cuevas and published by World Bank Publications. This book was released on 2006 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough inquiry into the distinctive features of cooperative financial institutions that should inform an appropriate legal, regulatory and supervisory framework.

Three Essays on the Dynamic Ownership and Governance of U.S. Farmer Cooperatives

Author : Jasper Grashuis
Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Three Essays on the Dynamic Ownership and Governance of U.S. Farmer Cooperatives by : Jasper Grashuis

Download or read book Three Essays on the Dynamic Ownership and Governance of U.S. Farmer Cooperatives written by Jasper Grashuis and published by . This book was released on 2016 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to better understand the long-term behavior of farmer-owned economic organizations, the cooperative life cycle model is advanced and improved via the application of economic theory to each of its five phases. Specifically, transaction cost theory, property rights theory, and agency theory help explain the birth-to-death trajectory of farmer cooperatives, which tinker and reinvent to remain optimal in the competitive market. Tinkering is the adaptation of constitutional rights, policies, and procedures to adjust member objectives, and reinventing is defined as the adaptation of organizational scope or purpose to adjust cooperative actions. As such, tinkering and reinventing are two processes to maintain the long-term cooperative equilibrium. Another aspect of importance to the economic viability of farmer cooperatives is governance, which involves all the mechanisms to manage the separation of control and ownership. Cooperative governance is often assumed to be identical to corporate governance, yet differences in structures and objectives suggest otherwise. Secondary data analysis is conducted to descriptively inform the difference in governance and performance for two samples of agri-food firms and cooperatives. Demographically, all financial characteristics as well as most board and management characteristics are observed to be significantly different for the two samples. According to the main result of the empirical analysis, the causal impact of board size, female directorship, director independence, and director equity ownership on financial performance is also significantly different, which implies cooperative governance is not identical to corporate governance. As compared to the firm, the overall structure of farmer cooperatives is often analyzed in isolation. There exist typologies of the ownership structure, the governance structure, as well as the capital structure. However, the interrelationship is underexplored. To address the gap in the literature, a three-dimensional framework is informed by agency theory, finance theory, and cooperative theory. The three dimensions are member ownership diversity, member control delegation, and financial flexibility, for which a positive linear relationship is hypothesized. Primary survey data is collected for the full population of U.S. farmer cooperative to test hypotheses of the framework. Based on 371 survey responses, a relatively wide tunnel of cooperative life is observed in which low ownership diversity and low member control delegation do not correspond to high financial flexibility. Further, empirical data analysis indicates the relationship of ownership and capital is independent, while the relationship of ownership and governance is bi-directional.

Co-operative Innovations in China and the West

Author : C. Gijselinckx
Publisher : Springer
ISBN 13 : 1137277289
Total Pages : 504 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis Co-operative Innovations in China and the West by : C. Gijselinckx

Download or read book Co-operative Innovations in China and the West written by C. Gijselinckx and published by Springer. This book was released on 2014-07-16 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to contribute to our understanding of recent changes in Chinese and Western cooperatives. It will provide a variety of audiences with relevant and useful information for further co-operative development, mutual understanding and cooperation.

New perspectives of the cooperative system

Author : Davide Giacomini
Publisher : GRIN Verlag
ISBN 13 : 3346083578
Total Pages : 112 pages
Book Rating : 4.3/5 (46 download)

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Book Synopsis New perspectives of the cooperative system by : Davide Giacomini

Download or read book New perspectives of the cooperative system written by Davide Giacomini and published by GRIN Verlag. This book was released on 2019-12-16 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 10, University of Brescia (University of Brescia), language: English, abstract: In this book we outline some relevant aspects about the way cooperative enterprises operate in their own external reference context (market), representing the levers they use to strengthen their management: the primary objective of the paper is, therefore, to draw inspiration from these experiences to be able to assess the possibility of applying experiences and tools in different institutional contexts. From this point of view, it is clear that a business model strongly oriented towards developing participatory logics, which has always been attentive to environmental and sustainability issues (in a sense anticipating new managerial theories), and which bases a large part of internal management on respect for rules and guidelines that today we define as "organizational well-being", represents an important and very useful experiential front for those who today are equipped to follow the same managerial logics. This book closes by recalling some considerations on the new challenges that the cooperative world is facing, underlining, once again, the way they are in line with what other companies have to manage. Among these, the most important are those related to the issues of artificial intelligence and the way, even faced with these "innovations", the cooperative world must move in line with its guiding principles and its values. Cooperation is now an experience in "doing business" that has been consolidated over time, becoming increasingly widespread throughout the world. It is able to adapt both to the different phases that the economic system faces, and to the various challenges that sectoral, organizational and technological innovation impose systematically. The values on which, for more than one hundred and fifty years, the entrepreneurial experience has been developed with reference to this type of company represent an important element of reflection. They are also a source of learning, for those who want to evaluate the effects that the search for consistent behavior and the application of appropriate management and strategic methods determines in the development of companies with these institutional characteristics.

Humanistic Governance in Democratic Organizations

Author : Sonja Novković
Publisher : Springer Nature
ISBN 13 : 3031174038
Total Pages : 476 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Humanistic Governance in Democratic Organizations by : Sonja Novković

Download or read book Humanistic Governance in Democratic Organizations written by Sonja Novković and published by Springer Nature. This book was released on 2023-02-02 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access edited book brings together a number of theories under the umbrella of humanistic governance to develop a persuasive alternative perspective on governance, particularly for democratic organisations such as co-operatives. It examines how we can move beyond a profit-first approach to governance, into a framework that prioritises human dignity in all aspects of an operation. This book also discusses key issues for different types of cooperatives and how these might be addressed. And, finally, it addresses how cooperatives can better cope with dynamic change processes. This book will be of interest for academics working in the areas of stakeholder governance, social solidarity economy, ethical management and co-operatives.

Economic Theory of Cooperation

Author : Ivan Vasiy Emelianoff
Publisher :
ISBN 13 :
Total Pages : 310 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Economic Theory of Cooperation by : Ivan Vasiy Emelianoff

Download or read book Economic Theory of Cooperation written by Ivan Vasiy Emelianoff and published by . This book was released on 1995 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Corporate Law and Governance

Author : Jeffrey Neil Gordon
Publisher : Oxford University Press
ISBN 13 : 0198743688
Total Pages : 1217 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis The Oxford Handbook of Corporate Law and Governance by : Jeffrey Neil Gordon

Download or read book The Oxford Handbook of Corporate Law and Governance written by Jeffrey Neil Gordon and published by Oxford University Press. This book was released on 2018 with total page 1217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

Global Governance of Financial Systems

Author : Kern Alexander
Publisher : Oxford University Press
ISBN 13 : 0195166981
Total Pages : 329 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Global Governance of Financial Systems by : Kern Alexander

Download or read book Global Governance of Financial Systems written by Kern Alexander and published by Oxford University Press. This book was released on 2006 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.

Corporate Governance and Board Performance

Author : Morris O. Namoga
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1443861464
Total Pages : 325 pages
Book Rating : 4.4/5 (438 download)

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Book Synopsis Corporate Governance and Board Performance by : Morris O. Namoga

Download or read book Corporate Governance and Board Performance written by Morris O. Namoga and published by Cambridge Scholars Publishing. This book was released on 2017-01-06 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: The board of directors is widely regarded as a vital governance mechanism that plays an important function in business. How boards are structured, the processes in which they are involved and the role they play vary across different types of firms and countries, with significant implications on how boards perform. In Pacific Island Countries (PICs) board appointments (particularly on state-owned enterprises) are difficult to explain without the suspicion that constituency loyalty has been repaid or that other political debts have been discharged. Too often, ethnicity (the wantok system as known in the Melanesian countries of the Pacific), gender, trade-union affiliation and other forms of political correctness have become the basis for board appointments. In this book, the author takes the reader through how these factors influence the structural make-up of boards, the different processes in which boards participate and how these affect the ability of boards to perform their roles using empirical evidence from PICs. The book is a must-read for board chairpersons, board secretaries, directors, senior managers and policy-makers in PICs. Academics and the general public in PICs and elsewhere who are interested in corporate governance issues should also find this book a valuable reference.

Corporate Governance

Author : Robert A. G. Monks
Publisher : Wiley-Blackwell
ISBN 13 : 9781405116985
Total Pages : 584 pages
Book Rating : 4.1/5 (169 download)

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Book Synopsis Corporate Governance by : Robert A. G. Monks

Download or read book Corporate Governance written by Robert A. G. Monks and published by Wiley-Blackwell. This book was released on 2003-12-19 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the dramatic series of corporate meltdowns: Enron; Tyco; Adelphia; WorldCom; the timely new edition of this successful text provides students and business professionals with a welcome update of the key issues facing managers, boards of directors, investors, and shareholders. In addition to its authoritative overview of the history, the myth and the reality of corporate governance, this new edition has been updated to include: analysis of the latest cases of corporate disaster; An overview of corporate governance guidelines and codes of practice in developing and emerging markets new cases: Adelphia; Arthur Andersen; Tyco Laboratories; Worldcom; Gerstner's pay packet at IBM Once again in the new edition of their textbook, Robert A. G. Monks and Nell Minow show clearly the role of corporate governance in making sure the right questions are asked and the necessary checks and balances in place to protect the long-term, sustainable value of the enterprise. A CD-ROM containing a comprehensive case study of the Enron collapse, complete with senate hearings and video footage, accompanies the text. Further lecturer resources and links are available at www.blackwellpublishing.com/monks

The Right Corporate Governance

Author : Fredmund Malik
Publisher : Campus Verlag
ISBN 13 : 3593396955
Total Pages : 327 pages
Book Rating : 4.5/5 (933 download)

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Book Synopsis The Right Corporate Governance by : Fredmund Malik

Download or read book The Right Corporate Governance written by Fredmund Malik and published by Campus Verlag. This book was released on 2012-08 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fredmund Malik has become the leading analyst of, and expert on, management in Europe (...). He is the most important voice - in theory as well as in the practice of Management Peter Drucker Long before everybody else, Malik uncovered the false logic on which conventional corporate governance is grounded, using his comprehensive general management framework. He unmasked neo-liberalism's false and destructive teachings, and the errors caused by the mechanical application of financial management. In this book he reveals why manager scandals, company disintegrations and the collapse of the financial system result from false corporate governance. Malik then contrasts this against his cutting edge solutions to organizing and controlling the complex systems of the 21st century. A healthy economy in a functioning society requires companies to strive for customer value not shareholder value, competitiveness not size, real engineering solutions not financial engineering solutions. "Many practitioners hang on his every word and appreciate his candid language." Wirtschaft und Weiterbildung "Malik is listened to because management knowledge has never been more important." Süddeutsche Zeitung

The Design of Alliance Governance Systems

Author : Sascha Albers
Publisher : Springer
ISBN 13 : 3658247118
Total Pages : 345 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis The Design of Alliance Governance Systems by : Sascha Albers

Download or read book The Design of Alliance Governance Systems written by Sascha Albers and published by Springer. This book was released on 2019-01-10 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic alliances have emerged as an important element of firms' strategies. Following suit, research on alliances has blossomed, concentrating on the various forms alliances take, the reasons of their existence, and increasingly embracing questions of alliance management and governance tasks. However, most contributions which address the alliance governance problem are yet rather vague and selective in their conception of alliance governance structures as well as the factors which influence their suitability. The aim of this book is to further advance our understanding of alliance governance and to provide recommendations on the problem of alliance governance design. Following the configurational approach, Sascha Albers develops a comprehensive model of alliance governance systems. He identifies relevant structural and instrumental design parameters and analyzes major contingency factors, including member firms' cultures and alliance experience, number of alliance partners, and trust, which impact the design parameters' suitability. He finally deducts five configurations, or ideal types, of alliance governance systems which can be regarded as blueprints for the practitioner and as platform for further research for the alliance scholar. Potential readership includes scholars of strategic management and organization theory, interested students in these areas as well as practitioners involved in formulating and implementing alliance strategies.

Corporate Social Responsibility and Governance

Author : Panagiotis Dimitropoulos
Publisher : Routledge
ISBN 13 : 1000553795
Total Pages : 227 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Corporate Social Responsibility and Governance by : Panagiotis Dimitropoulos

Download or read book Corporate Social Responsibility and Governance written by Panagiotis Dimitropoulos and published by Routledge. This book was released on 2022-03-10 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate social responsibility (CSR) has developed into a crucial corporate and organizational issue around the world. It has been incorporated into various sectors and countries, and includes many types of activities and dimensions. It is a common notion that organizations are more inclined today to broaden and shift their performance focus from short-term goals towards long-term social, environmental, and value-added perspectives. Under the framework of corporate governance, organizations and companies are motivated to promote fairness, transparency, ethics, and accountability in their transactions, while concurrently maintaining enhanced standards of governance. This means that organizations and corporations must align their activities with community aspirations which is an issue falling within the sphere of CSR. Increased attention has been placed on the organizations regarding their approach towards the needs of various stakeholders. However, a crucial issue that this book attempts to address is the association, intersection, and inter-relationship between governance and CSR within the EU region, which are not adequately established in the existing literature. The book will show that governance and CSR are highly connected. With the purpose of studying the association of CSR with legal, managerial and empirical aspects of governance in corporations and not-for-profit organizations, in various sectors of the economy, the book also intends to provide useful policy implications, as well as to offer constructive directions for future research. This book will be of value to researchers, academics, practitioners, policymakers, and students in the fields of CRS and governance, organizational theory, marketing management, business ethics and human resource management.

Strategy, Structure and Corporate Governance

Author : Nabyla Daidj
Publisher : CRC Press
ISBN 13 : 1317049233
Total Pages : 389 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis Strategy, Structure and Corporate Governance by : Nabyla Daidj

Download or read book Strategy, Structure and Corporate Governance written by Nabyla Daidj and published by CRC Press. This book was released on 2016-07-01 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the beginning of the 2000s, important changes in external environments have affected the corporate governance practices of firms all around the world. The corporate governance structure in each country develops in response to country-specific factors and conditions. Firms are currently engaged in a variety of dynamic business relationships such as business networks, strategic alliances, and conglomerates especially in high technology sectors. Strategy, Structure and Corporate Governance by Nabyla Daidj, proposes to analyze the main trends and drivers of change in corporate governance of several kinds of organizations: - Large conglomerates. The development of large and complex conglomerate organizations have played an important role in the economy in Japan but also in other countries such as Korea with chaebols, which can be defined as closely intertwined industrial groupings. - Inter-firms networks (districts, clusters etc.); and, - 'Recent' forms of inter-firms networks (business ecosystems). The author examines several case studies and shows how shifts in markets and global competition are reconfiguring transactions within these organizations and are impacting corporate governance systems.

Monetary Policy, Islamic Finance, and Islamic Corporate Governance

Author : Toseef Azid
Publisher : Emerald Group Publishing
ISBN 13 : 1800437862
Total Pages : 376 pages
Book Rating : 4.8/5 (4 download)

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Book Synopsis Monetary Policy, Islamic Finance, and Islamic Corporate Governance by : Toseef Azid

Download or read book Monetary Policy, Islamic Finance, and Islamic Corporate Governance written by Toseef Azid and published by Emerald Group Publishing. This book was released on 2021-06-16 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals.

Financial Systems, Corporate Investment in Innovation, and Venture Capital

Author : Anthony Bartzokas
Publisher : Edward Elgar Publishing
ISBN 13 : 1845420640
Total Pages : 297 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis Financial Systems, Corporate Investment in Innovation, and Venture Capital by : Anthony Bartzokas

Download or read book Financial Systems, Corporate Investment in Innovation, and Venture Capital written by Anthony Bartzokas and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Financial Systems, Corporate Investment in Innovation, and Venture Capital is a text for scholars and students of the theory and practice of financing innovation. It will also be a source for governments, NGOs, financial institutions and multilateral agencies interested in the practicalities of promoting technology-based small and medium enterprises."--BOOK JACKET.