Annals of Public and Cooperative Economics · 2010 · 41 citations · 16 references
AgricultureBusiness EconomicsEconomicsCooperative EconomicsIndustrial OrganizationProduction EconomicsCooperative Performance AnalysisEconomies Of ScopeProducer CooperativesProducer TheoryProduction TheoryTechnical EfficiencyCapital Constraints In CooperativesConstraintsCooperative ModelsCost Frontier AnalysisEfficient Frontier AnalysisFrontier AnalysisTechnological EfficiencyWine Grape Production
ABSTRACT ** : In this paper, we test the extent to which producers’ cooperatives can experience an increase in technical efficiency following a tightening of financial constraints. This hypothesis is tested on a sample of Italian conventional and cooperative firms for the wine production and processing sector, using frontier analysis. The results support the hypothesis that increasing financial pressure can affect positively the cooperatives efficiency.
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Credit Rationing in Markets with Imperfect Information
Joseph E. Stiglitz, Andrew Weiss · American Economic Review · 1981 · 12.9K citations · Full text