Cognition and Incentives in Cooperatives
| Autor: | Wei, Anyan, Hendrikse, George, Cliquet, Gerard, Hajdini, Ilir, Raha, Aveed, Windsperger, Josef |
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| Přispěvatelé: | Department of Organisation and Personnel Management |
| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Zdroj: | Cognition and Incentives in Cooperatives, 43-62 STARTPAGE=43;ENDPAGE=62;TITLE=Cognition and Incentives in Cooperatives Networks in International Business ISBN: 9783031181337 |
| DOI: | 10.1007/978-3-031-18134-4_4 |
| Popis: | We extend the results of Feng and Hendrikse (2012) by investigating the relationship between cognition and incentives in cooperatives versus investor-owned firms (IOFs) in a multi-tasking principal-agent model. The principal chooses the incentive intensity as well as the precision of monitoring, while the agent chooses the activities. We establish that a cooperative is uniquely efficient when either the synergy between the upstream and downstream activities or the knowledgeability of the members regarding the cooperative enterprise is sufficiently high. |
| Databáze: | OpenAIRE |
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