The relationship between the financial structure of a marketing cooperative (MC) and the requirement of the domination of control by the members is analysed from a transaction costs perspective. A MC receives less favorable terms on outside equity than a conventional firm because the decision...

Financially the repercussions of the economic and financial crisis will strongly limit the increase of the budget. Of the budget of the EU surely the euro crisis will enhance the pressure even more. On top of that new policy priorities like energy, climate and infrastructure will demand...