Reciprocity and cooperative performance. The example of Mandatory Greek Cooperatives

Authors

  • Panagiota Sergaki Aristotle University of Thessaloniki
  • Achilleas Kontogeorgos University of Patras
  • Nikolaos Kalogeras Wageningen University & Research and Zuyd University
  • Gert van Dijk Nyenrode Business University, Breukelen

Abstract

Reciprocity is a powerful determinant of human behaviour in social exchange situations where mutual reinforcement exists between two parties. Consequently, it is supposed to be one of the fundamental resources of cooperatives. Mandatory Cooperatives is a special category of cooperatives that is characterized by a higher degree of reciprocal behaviour among members than traditional cooperatives. This paper examines the differences in financial level of these two categories (mandatory cooperatives versus traditional agricultural cooperatives) with the help of a financial approach, which is based on panel data analysis techniques. Several notions and concepts forming the financial engineering methodological framework are adopted for the design of this approach. The results reveal that reciprocity is a very important element that leads cooperatives to higher performance levels.

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Published

2020-06-15

How to Cite

Sergaki, P., Kontogeorgos, A., Kalogeras, N., & van Dijk, G. (2020). Reciprocity and cooperative performance. The example of Mandatory Greek Cooperatives. AGER. Journal of Depopulation and Rural Development Studies, 29, 7–38. Retrieved from https://recyt.fecyt.es/index.php/AGER/article/view/81300

Issue

Vol. 29 (2020)

Section

Artículos

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Copyright (c) 2020 Panagiota Sergaki, Achilleas Kontogeorgos, Nikolaos Kalogeras, Gert van Dijk

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