Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
| Autor: | Natalia Lajara-Camilleri, Elena Melia-Marti, Ana Martinez-Garcia, Juan F. Julia-Igual |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Agriculture (General)
media_common.quotation_subject Failure Integration integration Accounting Sample (statistics) Plant Science Business development Outcome (game theory) S1-972 negotiations Mergers Consolidation (business) Business sector Cooperative group approval Approval Agri-food cooperatives media_common business.industry Negotiations ECONOMIA SOCIOLOGIA Y POLITICA AGRARIA failure 08.- Fomentar el crecimiento económico sostenido inclusivo y sostenible el empleo pleno y productivo y el trabajo decente para todos Negotiation Agriculture agri-food cooperatives ECONOMIA FINANCIERA Y CONTABILIDAD mergers business Agronomy and Crop Science Food Science |
| Zdroj: | Agriculture Volume 11 Issue 11 Agriculture, Vol 11, Iss 1173, p 1173 (2021) RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia instname |
| ISSN: | 2077-0472 |
| DOI: | 10.3390/agriculture11111173 |
| Popis: | Mergers have played a relevant role in the business development of many agri-food cooperatives and have led to the consolidation of large cooperative groups which are leaders in their respective business sectors. However, many of the merger processes undertaken fail: some are aborted at the negotiation stage, and others are not approved by members. These failures entail financial and social costs due to frustrated expectations and the time invested in the negotiation process. The objective of this paper is to establish the economic, socio-cultural, organisational and process management factors that underlie this outcome. A survey was conducted among the directors and administrators of a sample of Spanish agri-food cooperatives that had participated in merger processes which were aborted at the negotiation stage or were not approved by their members. Factor and discriminant analyses established the aspects which had the greatest impact on the failure of the merger processes. Far from being economic factors, these analyses reveal that defensive localisms, a lack of commitment to the merger on the part of members and directors, and communication failures were more significant. |
| Databáze: | OpenAIRE |
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