University of Wisconsin Center for Cooperatives
Journal of Agricultural Cooperation

Title The Economic Role and Limitations of Cooperatives: An Investment Cash Flow Derivation
Author(s) H. Christopher Peterson
Series Volume 7
Issue Date 1992
Abstract The economic role and limitations of cooperatives are derived using an approach based on investment cash flows and net present value. Cooperatives are viewed as an option for member investment as well as an option for member patronage. The investment approach yields results similar to the traditional paradigms that focus on patronage. In addition, the approach makes more explicit the impact of member investment on cooperative existence, valuation, performance measurement, and strategy options.
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