发帖
雷达卡
英文文献：Cooperative Formation And Financial Contracting In Agricultural Markets-农业市场的合作社形成与金融承包
英文文献作者：Hueth, Brent,Marcoul, Philippe,Ginder, Roger G.
英文文献摘要：
We use historical variation in the market share of agricultural cooperatives to examine the nature of the cooperative firm. Our data include the share of sectoral output accounted for by cooperative firms across 15 commodity sectors during the period 1930-2002. We test a simple financial contracting model where the cooperative firm is viewed as a particular implementation of "monitored credit" (or "informed intermediation"). Controlling for sectoral and year effects, we find support for the main prediction of our model with a positive and statistically significant relationship between cooperative market share and real annual lending rates.
我们利用农业合作社市场份额的历史变异来考察合作社企业的性质。我们的数据包括1930-2002年间15个商品部门的合作企业所占部门产出的份额。我们测试了一个简单的金融契约模型，其中合作企业被视为“受监控的信用”(或“知情的中介”)的特殊实施。控制部门和年份的影响，我们发现合作市场份额和实际年度贷款利率之间存在显著的正相关关系，这支持了我们模型的主要预测。
京公网安备 11010802022788号
