Managerial form, ownership and efficiency: a case-study of Argentine agriculture

Marcos Gallacher

11 citations0/0 files storedAgricultural Economics

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Agricultural economics and policies Economics of Agriculture and Food Markets Efficiency Analysis Using DEA

Abstract

In agriculture, studies dealing with the separation of ownership from control have focused on sharecropping, paying little attention to the impact of management and ownership on efficiency. Using Argentine data, this study tests the hypothesis that efficiency is a function of type of management, concentration of ownership, and mechanisms for monitoring managers. Results show that management, ownership and monitoring have a greater impact on marketing efficiency than either on technical or cost efficiency.

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1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1937The Nature of the Firm 1983Separation of Ownership and Control 1996Production, Information Costs and Economic Organization 1986Equilibrium Unemployment as a Worker Discipline Device 1993Economics, Organization and Management.1972Property Rights and Economic Theory: A Survey of Recent Literature 2009Production, information costs, and economic organization

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