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EnglishThis paper introduces Aoki (1993) “P-network” framework as a theoretical tool to classify and interpret the governance and organizational configuration of cooperative firms. The proposed framework is also employed to discuss some general and desirable features of incentive-compatible financial instruments for cooperative firms. An interesting point is how efficient can the cooperative governance be in capital-intensive industries. Or, to put it another way: can incentive-compatible financial instrument for cooperative firms be so efficient to support the growth of a cooperative firm in a capital intensive industry? This is a typically empirical question, but may still be analyzed in the light of the “P-Network” approach.
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| Titolo: | The P-network as an interpretation tool for co-ops | |
| Autori: | ||
| Data di pubblicazione: | 2012 | |
| Abstract: | This paper introduces Aoki (1993) “P-network” framework as a theoretical tool to classify and interpret the governance and organizational configuration of cooperative firms. The proposed framework is also employed to discuss some general and desirable features of incentive-compatible financial instruments for cooperative firms. An interesting point is how efficient can the cooperative governance be in capital-intensive industries. Or, to put it another way: can incentive-compatible financial instrument for cooperative firms be so efficient to support the growth of a cooperative firm in a capital intensive industry? This is a typically empirical question, but may still be analyzed in the light of the “P-Network” approach. | |
| Handle: | http://hdl.handle.net/11567/486920 | |
| ISBN: | 9780734611703 | |
| Appare nelle tipologie: | 02.01 - Contributo in volume (Capitolo o saggio) |
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