Economic Value Drivers for Brazilian Agricultural Cooperatives

Authors

  • Anelise Krauspenhar Pinto Figari Universidade Federal do Paraná – UFPR – Departamento de Ciências Contábeis
  • Fabiano Guasti Lima Universidade de São Paulo – FEARP – Departamento de Contabilidade
  • Rafael Confetti Gatsios Universidade de São Paulo – FEARP – Departamento de Contabilidade
  • Vinicius Medeiros Magnani Universidade de São Paulo – FEARP – Departamento de Contabilidade

DOI:

https://doi.org/10.4013/base.2021.181.03

Keywords:

Cooperatives, Agricultural Finance, Added Value, Value Drivers.

Abstract

This article aims to identify the economic value drivers for Brazilian agricultural cooperatives. To this end, we analyzed the potential value drivers for agricultural cooperatives in Paraná and Rio Grande do Sul using panel data regression, considering data from 2008 to 2016. The results showed that net margin, basic purchasing power, investment in fixed assets, circulating assets X sales margin, fixed asset turnover, net revenue, and number of members are the economic value drivers for Brazilian agricultural cooperatives. Moreover, a dynamic panel based on generalized method of moments (GMM) was used to check the robustness of the relationships. With these results, managers and members of agricultural cooperatives can focus their efforts and decisions on maximizing economic value for associated farmers.

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Published

2021-04-20

Issue

Vol. 18 No. 1 (2021): JAN/MAR

Section

Articles

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