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On the specification of risk aversion in an expenditure equation

✍ Scribed by A. L. Hempenius

Publisher
Springer
Year
1973
Tongue
English
Weight
485 KB
Volume
121
Category
Article
ISSN
0013-063X

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## Abstract This article concludes that cooperative firms' choice of interfirm consolidation and collaboration strategies can be explained by two attributes, inherent in the cooperative business form, namely, risk aversion and equity capital constraints. Empirical data originate from the 15 largest