Handbook of Research on Cooperatives and Mutuals

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Handbook of Research on Cooperatives and Mutuals

9781802202601 Edward Elgar Publishing
Edited by Matthew S. Elliott, Ph.D., Associate Professor, Ness School of Management and Economics, South Dakota State University and Michael A. Boland, Ph.D., Professor of Agricultural Economics and the Koller Endowed Chairholder in Agribusiness Management and Information Technology, University of Minnesota, US
Publication Date: 2023 ISBN: 978 1 80220 260 1 Extent: 592 pp
This incisive Handbook provides a global update on the state of knowledge in cooperatives and mutuals, expertly describing future directions for research and education. Showcasing extensive discussions of cooperative theory, Matthew S. Elliott and Michael A. Boland, and the contributors, assess cooperatives'' social, economic and environmental effects and analyse the impact of regional and cultural features that make cooperatives unique.

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Critical Acclaim
Contributors
Contents
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This incisive Handbook provides a global update on the state of knowledge in cooperatives and mutuals, expertly describing future directions for research and education. Showcasing extensive discussions of cooperative theory, Matthew S. Elliott and Michael A. Boland, and the contributors, assess cooperatives'' social, economic and environmental effects and analyse the impact of regional and cultural features that make cooperatives unique.

The insightful chapters are organised into key sections, including theory, organisation, governance and cross-sector applications, and introduce a relevant theory, framework, special topic or mini case on cooperatives and mutuals. The Handbook also examines the role of leaders, members and producers in supply chain governance and looks at different forms of cooperatives and mutuals and their prominence in the economy.

Offering an excellent in-depth read, this Handbook will be a vital additional resource for economics scholars and researchers, and those teaching and working on cooperatives and mutualism. It will also prove helpful for conducting leader and member education programs.
Critical Acclaim
‘This Handbook is remarkable for the breadth and quality of its contributors. Kudos to the Editors for assembling such a comprehensive collection of chapters on cooperatives and mutuals theory, governance, and practice.’
– Brent Hueth, U.S Department of Agriculture, Washington DC, US

‘Cooperatives define a multidimensional, complex set of organizational arrangements. This Handbook mobilizes an impressive group of experts to review the nature, role, governance, and diffusion of cooperatives worldwide, whilst exploring the numerous problems they face. It is a must-read for researchers and students as well as practitioners.’
– Claude Menard, University of Paris, France

‘Cooperatives and mutuals are a significant part of the economic landscape in most countries, but we have lacked a comprehensive source for knowledge and understanding of them and their potential to improve economic outcomes for members. This book, comprised of contributions from a distinguished group of international scholars and practitioners, fills this need and is an indispensable reference for researchers, practitioners, and policymakers.’
– Richard Sexton, University of California, Davis, US
Contributors
Contributors include: Gashaw T. Abate, Sanjib Bhuyan, Jos Bijman, Michael A.Boland, Barry L. Boyd, Brian Briggeman, Noreen Byrne, Bridget Carroll, Michael L. Cook, Fiona Duguid, Matthew S. Elliott, Jason Entsminger, Nicola Francesconi, Jason Franken, Diane Friend, Murray Fulton, Alejandro Galetto, Rachael E. Goodhue, Jessica Gordon-Nembhard, Jasper Grashuis, Ziming Han, Julia Höhler, Constantine Iliopoulos, Keri L. Jacobs, Konstantinos (Kostas) Karantininis, Phil Kenkel, Sean Kiely, Kristin Kiesel, Christopher Kopka, Qiao Liang, Margaret Lund, Matthew Manley, Olive McCarthy, Eric Micheels, Jerker Nilsson, Sonja Novkovic, Frayne Olson, John Park, Stephen Pitts, Zoë Plakias, Daphne Rixon, Gustavo Rossini, Jeffrey S. Royer, Todd Schmit, William Secor, Roberta M. Severson, Frederick (Fred) Tamarkin, Qian Wan, Michael Ward, James M. (Jim) White, Fleur Wouterse
Contents
Contents:


Introduction to the Handbook of Research on Cooperatives and Mutuals 1
Matthew S. Elliott and Michael A. Boland

PART I THEORY
1 The economic theory of agricultural and consumer cooperatives 9
Jeffrey S. Royer
2 The new institutional economic theory of cooperatives: taking stock,
looking ahead 22
Matthew S. Elliott and Frayne Olson

PART II ORGANIZATION
3 Organizational costs in agricultural cooperatives: comparison of
European and US approaches 52
Constantine Iliopoulos and Michael L. Cook
4 New generation cooperatives: what we know and need to learn 83
Jason Franken
5 Cooperative business structures: access to capital via equity and credit 100
Christopher J. Kopka

PART III GOVERNANCE
6 Social capital and governance of agricultural cooperatives 116
Jerker Nilsson
7 Leadership in agricultural cooperatives 135
John L. Park, Diane B. Friend, Matthew T. Manley and Barry L. Boyd
8 Measuring cooperative performance using organizational effectiveness
and member participation 148
Sanjib Bhuyan and Kostas Karantininis
9 A framework for understanding the role of producers in governance of
supply chains 166
Michael A. Boland, Noreen Byrne, Bridget Carroll, Olive McCarthy, Stephen
Pitts, and Will Secor
10 The role of the farmer and their cooperative in supply chain
governance: a Latin American small producer perspective 172
Stephen Pitts
11 The role of the farmer and their cooperative in supply chain
governance: a US perspective 185
Michael A. Boland and William Secor
12 The role of the farmer and their cooperative in supply chain
governance: an Irish perspective 193
Bridget Carroll, Olive McCarthy, Noreen Byrne, Michael A. Boland and
Michael Ward

PART IV CROSS-SECTOR APPLICATIONS
13 Risk and uncertainty in cooperative business 208
Frayne Olson and Matthew S. Elliott
14 The role of the marketing year and its implications for business strategy
and finance 229
Michael A. Boland
15 Towards a framework for formulating cooperative strategy 235
Matthew S. Elliott, Frayne Olson, and Jasper Grashuis
16 Profit distribution and financial performance in cooperative firms 252
Phil Kenkel, Brian Briggeman, and Keri Jacobs
17 The implications of taxation and tax policies for cooperatives and members 265
Phil Kenkel, Keri Jacobs, and Brian Briggeman
18 Capitalization, equity, and growth in cooperative firms 277
Keri Jacobs, Phil Kenkel, and Brian Briggeman

PART V SOCIAL, ENVIRONMENTAL AND ECONOMIC IMPACTS
19 Differential economic impacts for cooperative business structures: an
application to farmer-owned cooperatives in New York State 292
Todd M. Schmit, Frederick C. Tamarkin, and Roberta M. Severson
20 Agricultural cooperatives and the transition to environmentally
sustainable food systems 313
Jos Bijman and Julia Höhler
21 The development of cooperative-designed indicators for the SDGs 333
Fiona Duguid and Daphne Rixon

PART VI REGIONAL AND CULTURAL FEATURES
22 African American cooperatives: from economic survival to economic justice 355
Jessica Gordon Nembhard
23 Recent developments among dairy cooperatives in the European Union 371
Julia Höhler and Jos Bijman
24 Social relations and cooperative development in rural China 389
Qian Wan, Eric Micheels, and Murray Fulton
25 Farmer cooperatives in China: frontiers in development and research 408
Qiao Liang and Ziming Han
26 Agricultural cooperatives in Latin America: the case of dairy 424
Alejandro Galetto and Gustavo Rossini
27 Unique features of agricultural cooperatives in sub-Saharan Africa 442
Nicola Francesconi, Fleur Wouterse, Michael L. Cook and Gashaw Abate Tadesse

PART VII SPECIAL SECTORS AND TOPICS
28 Consumer cooperatives: purpose and possibilities 456
Zoë T. Plakias and Jason S. Entsminger
29 Product innovation and promotion of value-added products via
marketing cooperatives 476
Kristin Kiesel, Sean Kiely, and Rachael E. Goodhue
30 Mutuals 496
James M. White
31 Worker cooperatives: solidarity at work 519
Sonja Novkovic and Jessica Gordon Nembhard
32 Multi-stakeholder cooperatives 533
Sonja Novkovic and Margaret Lund
Epilogue: future directions on research and education on cooperatives and mutualism 551
Matthew S. Elliott and Michael A. Boland

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