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  • Blackwell Publishing Ltd  (182,057)
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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Abstract This paper estimates econometrically the economic return on schooling among Portuguese cooperative managers, based on a survey carried out in 1999. The main findings indicate that the rate of return is in line with previous published research. The results also indicate that in this sector, the return on education does not depend on the dimensions of the cooperative in which the individual works.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We develop an approach to studying new business governance models and we illustrate how these models take the general interest into account. We outline the main prevailing trends, in the context of the Québec model of development, and discuss the new conceptions of the state and of its role in governance. As a result of this, organizations and institutions are playing a new role in the pursuit of the general interest, which we examine using the ‘Solidarity Fund’ of the Fédération des travailleurs et travailleuses du Québec (FTQ). We suggest that a partnership-based governance model may help support the emergence of a new mixed economy that weds the general interest with individual and collective interests in an original way.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper examines issues in the design of a co-operative member's contractual relationship with the other agents (including the remaining members) using organizational economics. The paper assumes that the central defining characteristic of a co-op is the residual claim specification. Agency theory identifies certain inherent problems of the co-op form, the horizon problem, common property problem, and non-transferability. Non-transferability both reduces the incentive to monitor and imposes limits on portfolio diversification. This paper argues that features such as claim incompleteness and non-transferability are not inherent to the co-op but may be transaction-cost economizing. The paper also argues that the pre-emptive payoff feature by which the residual claimants (the co-op members) also become fixed payoff agents can affect the risk of other agents, and is an important determinant of co-op risk. A co-op may have more than one potential residual claim base. Five generic design choices are available for handling possible multiple claim bases: battleground, pre-specified allocation, limited return, alignment, and fixed payoff. The paper uses the design of residual claims in sugar co-ops to show how a co-op can partly overcome some of the problems identified by agency theory. This illustration ties together the issues of claim incompleteness and non-transferability, pre-emptive payoff, and multiple claim bases.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Abstract On the basis of the definitions that have found the greatest acceptance among the scientific community, this paper identifies the business formulas that comprise the Social Economy in the agri-food sector with reference to the case of Spain, for which the latest data and figures are presented. At the same time, it presents a comparative study with agricultural cooperatives in the European Union, using the cluster analysis method, in order to place the business situation of Spanish cooperatives within this context.
    Type of Medium: Electronic Resource
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  • 5
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Abstract: Theory suggests that a united charity helps to economize on fundraising costs by reducing competition for donations among member charities. However, donors often cannot control the allocation of their donations, and charities may dislike the monitoring of their activities. This paper examines these and other issues relating to the Community Chest of Singapore. The results, based on analysis of financial positions and fundraising costs of a large number of charities, suggest that the Community Chest does possess important fundraising advantages. Thus charities in financial difficulties or in need of funds for additional programs tend to seek membership. However, organizations that value their autonomy and independence, and that are able to achieve low fundraising costs tend to remain as non-members. Thus a monopoly agency raising funds for all charities in the future is unlikely in the case of Singapore.
    Type of Medium: Electronic Resource
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  • 6
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Nous mesurons à l’aide du DEA (Data Envelopment Analysis) l’efficacité des caisses populaires acadiennes en utilisant la valeur des produits d’intermédiation ainsi que le nombre de transactions réalisées par chaque caisse entre 1997 et 2000, au moment où un important programme de fusions et de réingénierie financière était mis en place. Cette analyse permet d’établir plusieurs résultats. Tout d’abord, l’inclusion des produits transactionnels réduit environ de moitié l’inefficacité technique et économique par rapport à l’inefficacité obtenue lorsque l’output des caisses est limité seulement aux produits transactionnels. Un algorithme d’auto-amorçage permet de vérifier que ce résultat est statistiquement significatif. Ensuite, nous montrons que le programme de fusions a touché surtout les caisses moins efficaces et a permis d’augmenter de façon importante leur efficacité grâce à une baisse du nombre d’employés en équivalent temps complet. Finalement, nous montrons que d’importants progrès technologiques ont été réalisés entre 1997 et 2000 en raison de l’accroissement du nombre de transactions informatisées. Des gains additionnels de productivité ont été rendus possible grâce à l’amélioration de l’efficacité des caisses ayant participéà une fusion tandis que les caisses n’ayant pas fusionné, bien que plus efficaces au départ que les autres, n’ont pas réalisé de gains d’efficacité.
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  • 7
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The study quantifies the differences in the level of return from investing in deposit (savings) accounts provided by depository institutions, which are either ‘mutual’ or ‘proprietary’. It is shown that for most types of deposit accounts offered in the UK, mutual building societies provide higher returns than proprietary firms. Surprisingly, it is also shown that returns from deposit accounts issued by converted or non-mutual building societies are, generally, lower than either mutual building societies or proprietary firms. These findings are consistent for interest rate data adjusted for the effect of non-price product characteristics and for unadjusted interest rate data.
    Type of Medium: Electronic Resource
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  • 8
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The general necessary optimality conditions for second-best discrete multipart tariffs are rather complex. In this paper, we derive a simplified characterization of these conditions for two-part tariffs and for block-rate tariffs for given thresholds of these tariffs. The simplified necessary optimality conditions are equivalent to the necessary conditions for a Ramsey-optimum for goods with continuously variable individually demanded quantities. We demonstrate that this characterization of second-best multipart tariffs can be helpful, when applying the usual regulatory mechanisms to these tariffs. In particular, we consider Vogelsang–Finsinger (1979) regulation as well as a particular form of price-cap regulation which is related to the Laspeyres index of prices.
    Type of Medium: Electronic Resource
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  • 9
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 74 (2003), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Why do charitable nonprofit, service-providing organizations save? What are the tradeoffs between using income to build up cash reserves and serving more clients? Saving may generate income, protect the organization against a drop in donations, and increase the organization's chances of survival. Saving, though, may affect the likelihood that nonprofits receive private and public funding. We model the relationship among private and public income, economic conditions, and nonprofit savings. We find that anticipation of government help during difficult times tends to reduce the amount of saving done by the nonprofit. This effect is strengthened if government officials view unspent donations as indicative of a lack of need. Both these effects provide a strong incentive for nonprofits to spend on current consumption rather than to save for the future, and thus to increase the burden on the public purse.
    Type of Medium: Electronic Resource
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  • 10
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Annals of public and cooperative economics 23 (1952), S. 0 
    ISSN: 1467-8292
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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