英文文献：Managerial Incentives, Moral Hazard, and Structural Change in Agricultural Cooperatives-农业合作社的管理激励、道德风险和结构变化
英文文献作者：Zeuli, Kimberly A.,Foltz, Jeremy D.
英文文献摘要：
The federated business structure exists in many sectors of the economy, but we know little about its comparative advantage. This paper explores theoretically and empirically the current dynamics of the federated cooperative system. Two hypotheses are tested: growth at the local co-op level has made the structure redundant and managerial incentives create disloyalty. We use a unique data set from a survey of local farm supply and grain marketing cooperatives in the Midwest.

联邦企业结构存在于经济的许多部门，但我们对其比较优势知之甚少。本文从理论和实证两方面探讨了联邦合作系统的当前动态。测试了两个假设:本地合作企业层面的增长导致了结构冗余，管理激励导致了不忠诚。我们使用了一组独特的数据，这些数据来自对中西部地区当地农业供应和粮食销售合作社的调查。