Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?

Mergers have played a relevant role in the business development of many agri-food cooperatives and have led to the consolidation of large cooperative groups which are leaders in their respective business sectors. However, many of the merger processes undertaken fail: some are aborted at the negotiat...

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Autores principales:	Elena Meliá-Martí, Natalia Lajara-Camilleri, Ana Martínez-García, Juan F. Juliá-Igual
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	mergers agri-food cooperatives failure integration approval negotiations Agriculture (General) S1-972
Acceso en línea:	https://doaj.org/article/2435a3a8dde643e993f1ff305543d9b1
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id	oai:doaj.org-article:2435a3a8dde643e993f1ff305543d9b1
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spelling	oai:doaj.org-article:2435a3a8dde643e993f1ff305543d9b12021-11-25T16:02:01ZWhy Do Agricultural Cooperative Mergers Not Cross the Finishing Line?10.3390/agriculture111111732077-0472https://doaj.org/article/2435a3a8dde643e993f1ff305543d9b12021-11-01T00:00:00Zhttps://www.mdpi.com/2077-0472/11/11/1173https://doaj.org/toc/2077-0472Mergers have played a relevant role in the business development of many agri-food cooperatives and have led to the consolidation of large cooperative groups which are leaders in their respective business sectors. However, many of the merger processes undertaken fail: some are aborted at the negotiation stage, and others are not approved by members. These failures entail financial and social costs due to frustrated expectations and the time invested in the negotiation process. The objective of this paper is to establish the economic, socio-cultural, organisational and process management factors that underlie this outcome. A survey was conducted among the directors and administrators of a sample of Spanish agri-food cooperatives that had participated in merger processes which were aborted at the negotiation stage or were not approved by their members. Factor and discriminant analyses established the aspects which had the greatest impact on the failure of the merger processes. Far from being economic factors, these analyses reveal that defensive localisms, a lack of commitment to the merger on the part of members and directors, and communication failures were more significant.Elena Meliá-MartíNatalia Lajara-CamilleriAna Martínez-GarcíaJuan F. Juliá-IgualMDPI AGarticlemergersagri-food cooperativesfailureintegrationapprovalnegotiationsAgriculture (General)S1-972ENAgriculture, Vol 11, Iss 1173, p 1173 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	mergers agri-food cooperatives failure integration approval negotiations Agriculture (General) S1-972
spellingShingle	mergers agri-food cooperatives failure integration approval negotiations Agriculture (General) S1-972 Elena Meliá-Martí Natalia Lajara-Camilleri Ana Martínez-García Juan F. Juliá-Igual Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
description	Mergers have played a relevant role in the business development of many agri-food cooperatives and have led to the consolidation of large cooperative groups which are leaders in their respective business sectors. However, many of the merger processes undertaken fail: some are aborted at the negotiation stage, and others are not approved by members. These failures entail financial and social costs due to frustrated expectations and the time invested in the negotiation process. The objective of this paper is to establish the economic, socio-cultural, organisational and process management factors that underlie this outcome. A survey was conducted among the directors and administrators of a sample of Spanish agri-food cooperatives that had participated in merger processes which were aborted at the negotiation stage or were not approved by their members. Factor and discriminant analyses established the aspects which had the greatest impact on the failure of the merger processes. Far from being economic factors, these analyses reveal that defensive localisms, a lack of commitment to the merger on the part of members and directors, and communication failures were more significant.
format	article
author	Elena Meliá-Martí Natalia Lajara-Camilleri Ana Martínez-García Juan F. Juliá-Igual
author_facet	Elena Meliá-Martí Natalia Lajara-Camilleri Ana Martínez-García Juan F. Juliá-Igual
author_sort	Elena Meliá-Martí
title	Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
title_short	Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
title_full	Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
title_fullStr	Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
title_full_unstemmed	Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?
title_sort	why do agricultural cooperative mergers not cross the finishing line?
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/2435a3a8dde643e993f1ff305543d9b1
work_keys_str_mv	AT elenameliamarti whydoagriculturalcooperativemergersnotcrossthefinishingline AT natalialajaracamilleri whydoagriculturalcooperativemergersnotcrossthefinishingline AT anamartinezgarcia whydoagriculturalcooperativemergersnotcrossthefinishingline AT juanfjuliaigual whydoagriculturalcooperativemergersnotcrossthefinishingline
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Why Do Agricultural Cooperative Mergers Not Cross the Finishing Line?

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