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August 19, 2026Agribusiness

The Influence of Formal and Relational Governance on Perceived Cooperative Success in Spanish Agrifood Cooperatives

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Authors

IMIrene Martínez-LópezMBMarta Fernández BarcalaMGManuel González-Dı́az

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Overview

Survey analysis demonstrates distinct governance structures enhance financial performance and member satisfaction in agrifood cooperatives, highlighting the value of complementary management...

Key Points

  • To examine how formal and relational governance mechanisms relate to perceived cooperative success, specifically financial-economic performance and member satisfaction.
  • Analyzed primary survey responses from organizational informants (CEOs, member-managers, and technical staff) across N=117 agrifood cooperatives in Spain.
  • Assessed formal governance metrics (property-rights hybridization and decision-rights professionalization) and relational governance dimensions (social capital and board proactivity).
  • Mild property-rights hybridization positively correlates with perceived financial-economic performance, with no significant link to member satisfaction.
  • Organization-wide professionalization—requiring both a professional CEO and external board professionals—is necessary to associate positively with both financial performance and member satisfaction.
  • Social capital is robustly associated with greater member satisfaction, while board proactivity is more strongly linked to financial-economic performance.

Cite This Study

Martínez-López et al. (2026) studied this question.

synapsesocial.com/papers/6a8563ae03308d306e2d6f21https://doi.org/10.1002/agr.70149
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