Efficiency of Cooperatives and Investor Owned Firms Revisited
研究了欧洲主要乳制品生产国中乳制品合作社与投资者所有企业的绩效差异，发现合作社在符合其目标的评估方法下表现更优。
Abstract The objectives of dairy processing cooperatives differ from those of investor‐owned firms (IOFs). However, the literature usually assumes the same performance measures for cooperatives vis‐a‐vis IOFs. This study compares the performance of dairy cooperatives and IOFs in major European dairy producing countries. A traditional input oriented approach is used and two alternative approaches are used to account for the differential objectives of cooperatives. Cooperatives’ performance differs across the two approaches from being outperformed by IOFs using the input oriented approach to outperforming them when using an approach that is more in line with cooperatives’ objectives.