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Authors
Advisor(s)
Abstract(s)
The Portuguese Agricultural Credit Cooperatives (ACC) play a significant role in the national banking system. At the present, they face the challenge of matching the application of the traditional cooperative rules (which leads to a resulting set of vaguely defined property rights) with being successful in an ever more strong and competitive banking sector.
The main objective of this paper is to understand the Portuguese ACC governance model, focusing on the strategies used to ameliorate the decision and investment problems arising from the strict application of traditional cooperative rules.
Contrary to most of their pairs, Portuguese ACC choose to focus their efforts on the cooperative activity and performance rather than on the cooperative rules it selves.
Although that strategy proved to be financial fruitful, it drives Portuguese ACC to a growing conflict of interests and to an identity crisis
Description
Keywords
Cooperatives Governance Property rights
Citation
Cabo, Paula; Rebelo, João (2007). The Portuguese agricultural credit cooperatives governance model. In 1st International CIRIEC Research Conference on the Social Ecomony. Victória. p. 1-27