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The Horizon Problem Reconsidered 31
Olesen, Henrik Ballebye.
This paper challenges the general view in the literature that cooperatives underinvest, because some members will exit the cooperative before the full benefits from their investments are harvested (the horizon problem). This paper demonstrates that full equity redemption will solve the horizon problem. The majority of members will, however, bias the exit payment to their own advantage. This will lead to overinvestment. Thus, the main finding in this paper is that if there is a horizon problem, it will lead to overinvestment – not underinvestment.
Tipo: Conference Paper or Presentation Palavras-chave: Cooperatives; Investment incentives; Financial structure; Agribusiness; D23; J54; P13.
Ano: 2005 URL: http://purl.umn.edu/24489
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Labour Bank Experiment in Kerala — SWOT Analysis 31
Thomas, Lijo; Siddayya.
The experience gained from the path breaking experiment of formation of labour bank has been reported and SWOT analysis has been carried out. The strengths, weaknesses, opportunities and threats of the Labour Bank have been reported. The capital of Labour Bank is the working capacity of the registered labourers. The Bank lends, even though for a short period, the working capacity of the labourers. The significance of Labour Bank experiment lies in the need of the agricultural sector to break the shackles on account of labour-related problems. The experience gained from this experiment can be used to develop similar labour organizations in other panchayaths also. The study has offered some suggestions based on the Labour Bank in Kunnathukal Panchayath in...
Tipo: Article Palavras-chave: Labour bank; SWOT analysis; Labour organization; Democratic decentralization; Agricultural and Food Policy; J43; J21; J54.
Ano: 2011 URL: http://purl.umn.edu/119398
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