Investment and finance in agricultural service cooperatives / Turo Turtianen and J.D. von Pischke.
Turtiainen, Turto
Investment and finance in agricultural service cooperatives / Turo Turtianen and J.D. von Pischke. - Washington The World Bank 1986 - 173 p.
Cooperatives perform commercial and other functions related to agriculture and to economic and social development. Cooperatives are organized and operated on the basis of cooperative principles, which provide objectives and methods of operation that distinguish coopera tives from other organizations. As a consequence, the analysis of coop erative finance and the evaluation of cooperatives commercial perfor mance require approaches that differ somewhat from those applied to other types of enterprise. A distinguishing feature of these analytical criteria that is brought out in this paper is that the primary emphasis is not necessarily on profitability as a measure of performance. Rather, a variety of measures, both financial and nonfinancial, is usually preferred.
Cooperative practice and tradition have often ignored tech niques of investment analysis that are now widely used elsewhere to rank investment alternatives and to contribute to investment decisions. However, the application of standard measures of project worth, as proposed in this paper, is entirely consistent with cooperative objectives and could help to refine cooperative decision making.
Cooperative principles impose certain operating and financing constraints, which may place cooperatives at a disadvantage relative to other forms of commercial enterprise. Financial aspects of these con straints are explored in this paper. However, cooperatives are capable of providing services that others may not be able to offer successfully, and efficient cooperatives have the potential of doing so at a relative ly low cost. Cooperatives may also serve a clientele that is not commercially interesting to others. This capability makes cooperation a potentially attractive form for organising a wide range of developmental activities. Cooperation remains vulnerable, however, to Inflated expectations and consequently to being overburdened by governments and ether sources of assistance eager to expand cooperatives functions.
821307576
"Agriculture, cooperative-developing countries-finance"
334.683091724 Tur
Investment and finance in agricultural service cooperatives / Turo Turtianen and J.D. von Pischke. - Washington The World Bank 1986 - 173 p.
Cooperatives perform commercial and other functions related to agriculture and to economic and social development. Cooperatives are organized and operated on the basis of cooperative principles, which provide objectives and methods of operation that distinguish coopera tives from other organizations. As a consequence, the analysis of coop erative finance and the evaluation of cooperatives commercial perfor mance require approaches that differ somewhat from those applied to other types of enterprise. A distinguishing feature of these analytical criteria that is brought out in this paper is that the primary emphasis is not necessarily on profitability as a measure of performance. Rather, a variety of measures, both financial and nonfinancial, is usually preferred.
Cooperative practice and tradition have often ignored tech niques of investment analysis that are now widely used elsewhere to rank investment alternatives and to contribute to investment decisions. However, the application of standard measures of project worth, as proposed in this paper, is entirely consistent with cooperative objectives and could help to refine cooperative decision making.
Cooperative principles impose certain operating and financing constraints, which may place cooperatives at a disadvantage relative to other forms of commercial enterprise. Financial aspects of these con straints are explored in this paper. However, cooperatives are capable of providing services that others may not be able to offer successfully, and efficient cooperatives have the potential of doing so at a relative ly low cost. Cooperatives may also serve a clientele that is not commercially interesting to others. This capability makes cooperation a potentially attractive form for organising a wide range of developmental activities. Cooperation remains vulnerable, however, to Inflated expectations and consequently to being overburdened by governments and ether sources of assistance eager to expand cooperatives functions.
821307576
"Agriculture, cooperative-developing countries-finance"
334.683091724 Tur