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ABSTRACT: This article applies political economy theory to public‐private partnerships (PPPs). First, we propose that social welfare is the appropriate normative evaluation criterion to evaluate the social value of PPPs. Second, we specify the goals of PPP participants, including private‐sector...
ABSTRACT: Investor apathy by private retail investors and highly diversified institutional investors is often blamed for poor managerial accountability and control of majority investors. Attempts to encourage shareholder activism tend to focus on large institutional investors and ignore retail...
ABSTRACT: Amidst pressure to become self‐financing, Non‐Governmental Organizations (NGOs) have become increasingly involved in profit‐generating business ventures. Because NGOs are traditionally financed by donations with the expectation that they focus on their social mission, the...
ABSTRACT: Agricultural cooperatives are important rural organizations supporting livelihood development and poverty reduction. In recognition of such roles of cooperatives, Ethiopia showed a renewed interest in recent years in promoting cooperative sector development. However, there is lack of...
ABSTRACT: This article focuses on co‐operative movements’ role in developing new firms and sectors. In contrast to ‘developmental movements’ which secure legislative, policy, program, and promotional, financial, and technical assistance supports for co‐operative development campaigns, this...
ABSTRACT: This paper analyzes how French cooperative banking groups adapted their organization, status and model to develop and grow, until the current financial crisis. It explores how they benefitted from evolutions in cooperative law that lowered financing constraints and increased the scope...
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