This article examines some aspects related to perceptions of agricultural cooperative members. Most arguments employed are based on agency and property rights theories. The sample consists of 196 satisfaction surveys completed by agricultural cooperative members and accounting information from Spanish cooperatives. The results show that when members do not perceive any serious agency problems, the performance of the firm is higher. We also find that members are not discouraged from investing by awareness of the free-rider problem, and the less risk averse members are, the higher is the long-term debt ratio. Finally, members’ perceptions of the time horizon problem have no impact on the time frame for investment.

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成员对农业合作社治理的看法：来自西班牙的证据

本文考察了与农业合作社成员认知相关的一些方面。使用的大多数论点都是基于代理和财产权理论。样本由农业合作社成员完成的 196 份满意度调查和西班牙合作社的会计信息组成。结果表明，当成员没有察觉到任何严重的代理问题时，公司的绩效更高。我们还发现，成员们并没有因为意识到搭便车问题而不愿投资，并且成员越不规避风险，长期负债率就越高。最后，成员对时间范围问题的看法对投资的时间范围没有影响。