G. (George) Hendrikse

Full Professor
Rotterdam School of Management (RSM)
Erasmus University Rotterdam
Member ERIM
Field: Organisation
Affiliated since 1999

George Hendrikse is a professor of the Economics of Organisations at the Department of Organisation and Personnel Management, Rotterdam School of Management, Erasmus University (RSM).

His research and teaching examines the relationship between the internal and industrial organisation of enterprises, with a special interest in cooperatives.

Professor Hendrikse is the founder of eRNAC (eResearch Network Agricultural Cooperators) and scientific director of eRNAC Netherlands. He is director of the Erasmus Center of Cooperatives (ECC) and co-organizer of the bi-annual EMNET-conference (Economics and Management of NETworks). He has written 13 books, published over 100 articles in the leading journals in the field, and supervised 8 PhD thesises.

Before joining RSM, Professor Hendrikse was an assistant and then associate professor at the University of Tilburg. He became a full professor at RSM in 1996.

During his career he has held visiting positions at the University of Maastricht in the Netherlands, the Catholic University of Leuven in Belgium, the University of California at Berkeley in the USA, Zhejiang University in Hangzhou, China, the University of Missouri at Columbia in the USA, and the University of Bocconi in Italy.

He studied business econometrics at the undergraduate level at Tilburg University in the Netherlands and obtained his PhD degree in economics at the University of Pittsburgh in the USA.

  • Liang, Q. & Hendrikse, G.W.J. (2013). Cooperative CEO Identity and Efficient Governance: Member or Outside CEO? Agribusiness, 29(1), 23-38.
  • Hendrikse, G.W.J. & Feng, L. (2013). Interfirm Cooperatives. In A Grandori (Ed.), Handbook of Economic Organization (pp. 501-521). Cheltenham: Edward Elgar.
  • Liang, Q. & Hendrikse, G.W.J. (2013). Core and Common Members in the Genesis of Farmer Cooperatives in China. Managerial and Decision Economics, 34(3-5), 244-257.[go to publisher's site]
  • Bijman, W.J.J., Hendrikse, G.W.J. & Oijen, A.A.C.J. van (2013). Accommodating Two Worlds in One Organization: Changing Board Models in Agricultural Cooperatives. Managerial and Decision Economics, 34(3-5), 204-217.[go to publisher's site]
  • Feng, L. & Hendrikse, G.W.J. (2012). Chain Interdependencies, Measurement Problems, and Efficient Governance Structure: Cooperatives versus Publicly Listed Firms. European Review of Agricultural Economics, 39(2), 241-255.[go to publisher's site]
  • Hendrikse, G.W.J. & Jiang, T. (2011). An Incomplete Contracting Model of Dual Distribution in Franchising. Journal of Retailing, 87(3), 332-344.[go to publisher's site]
  • Hendrikse, G.W.J. (2011). Pooling, Access, and Countervailing Power in Channel Governance. Management Science, 57(9), 1692-1702.[go to publisher's site]
  • Nilsson, J. & Hendrikse, G.W.J. (2010). Gemeinschaft and Gesellschaft in Cooperatives. In M. Tuunanen, J. Windsperger, G. Cliquet & G.W.J. Hendrikse (Eds.), New Developments in the Theory of Networks: Franchising, Alliances and Cooperatives (pp. 339-352). Heidelberg: Physica-Verlag.
  • Hu, Y. & Hendrikse, G.W.J. (2009). Allocation of Decision Rights in Fruit and Vegetable Contracts in China. International Studies of Management & Organization, 39(4), 8-30.
  • Dietz, H.M.S., Feng, L., Hendrikse, G.W.J. & Jiang, T. (2009). Scale and alignment in compensation practices of franchises. In J.A.I.M. Burgers (Ed.), Franchise en Human Resource Management (pp. 93-101). Nederlandse Franchise Vereniging.
  • Hendrikse, G.W.J. & Windsperger, J. (2009). Preface On Network Governance. International Studies of Management & Organization, 39(4), 3-7.
  • Iliopoulos, C. & Hendrikse, G.W.J. (2009). Influence Costs in Agribusiness Cooperatives: Evidence from Case Studies. International Studies of Management & Organization, 39(4), 60-80.
  • Hendrikse, G.W.J. (2007). Allocating Authority in Knowledge Creation Processes. In J.F. Schreinemakers & T.M. van Engers (Eds.), 15 Years of Knowledge Management (pp. 109-119). Wurzburg: Ergon Verlag.
  • Hendrikse, G.W.J. (2007). On the co-existence of spot and contract markets: the delivery requirement as contract externality. European Review of Agricultural Economics, 34(2), 257-282.
  • Hu, Y., Huang, Z, Hendrikse, G.W.J. & Xu, X (2007). Organization and Strategy of Farmer Specialized Cooperatives in China. In G. Cliquet, G. Hendrikse, M. Tuunanen & J. Windsperger (Eds.), Economics and Management of Networks: Franchising, Alliances, Joint Ventures, and Cooperatives (pp. 434-460). Heidelberg: Physica Verlag.
  • Hendrikse, G.W.J., Smit, R.A. & de la Vieter, M. (2007). Orientation in Diversification Behavior of Cooperatives: An Agent-based Approach. In Hendrikse Tuunanen Cliquet, G. (Ed.), Economics and Management of Networks: Franchising, Alliances, Joint Ventures and Cooperatives (pp. 419-433). Heidelberg: Physica Verlag.
  • Hendrikse, G.W.J. & Jiang, T. (2007). Plural Form in Franchising: An Incomplete Contracting Approach. In G. Cliquet, G. Hendrikse, M. Tuunanen & J. Windsperger (Eds.), Economics and Management of Networks: Franchising, Alliances, Joint Ventures, and Cooperatives (pp. 13-32). Heidelberg: Physica Verlag.
  • Hendrikse, G.W.J. (2006). Challenges facing Agricultural Cooperatives: Heterogeneity and Consolidation. In E Bahrs & S von Cramon-Taubadel (Eds.), Unternehmen im Agrarbereich vor neuen Herausforderungen (pp. 31-41). Munster-Hiltrup: Landwirtshaftsverlag GmbH.
  • De Vries, H.J. & Hendrikse, G.W.J. (2006). The Feasibility of Competing E-purse Systems: A Case Study from the Netherlands. In L.C. Williams (Ed.), Monetary Policy and Issues: New research (pp. 113-137). New York: Nova Science Publishers.
  • Hendrikse, G.W.J. (2004). Organisaties als systemen van attributen. Tijdschrift voor Economie en Management, 49(3), 495-511.
  • Hendrikse, G.W.J. & Muijen, A.S.C.A. (2004). Verklaren versus Betekenisgeven. Filosofie in Bedrijf, 16(4), 45-52.
  • Bijman, W.J.J. & Hendrikse, G.W.J. (2003). Co-operatives in Chains: Institutional Restructuring in the Dutch Fruit and Vegetable Industry. Journal on Chain and Network Science, 3(2), 95-107.
  • Hendrikse, G.W.J. (2003). Governance of Chains and Networks: A Research Agenda. Journal on Chain and Network Science, 3(1), 1-6.
  • Hendrikse, G.W.J. & Bijman, W.J.J. (2002). On the Emergence of New Growers' Associations: Self-Selection versus Countervailing Power. European Review of Agricultural Economics, 29(2), 255-270.
  • Hendrikse, G.W.J. & Bijman, W.J.J. (2002). Ownership Structure in Agrofood Chains: The Marketing Cooperative. American Journal of Agricultural Economics, 84(1), 104-119.
  • Hendrikse, G.W.J. (2002). Governace Structure, Product Diversification, and Performance. In International Society for New Institutional Economics, MIT, Boston, USA. Boston USA: MIT.
  • Hendrikse, G.W.J. & Veerman, C.P. (2001). Marketing Co-operatives: An Incomplete Contracting Perspective. Journal of Agricultural Economics, 52(1), 53-64.
  • Vries, H.J. de & Hendrikse, G.W.J. (2001). The Dutch Banking Chipcard Game: Understanding a Battle Between Two Standards. International Studies of Management & Organization, 31(1), 106-125.
  • Hendrikse, G.W.J. & Oijen, A.A.C.J. van (2001). Verschillen in diversificatie door cooperaties en vennootschappen. MAB, 75(6), 267-274.
  • Bijman, W.J.J. & Hendrikse, G.W.J. (2001). De Opkomst van Telersverenigingen in de Nederlandse voedingstuinbouw. MAB, 75(6), 256-266.
  • Hendrikse, G.W.J. & Veerman, C.P. (2001). Marketing Cooperatives and Financial Structure: a Transaction Costs Economic Analysis. Agricultural Economics, 26(3), 205-216.[go to publisher's site]
  • Hendrikse, G.W.J. & Veerman, C.P. (2001). Cooperaties vanuit een onvolledige contracten perspectief. Tijdschrift voor Economie en Management, XLVI(1), 65-80.
  • Hendrikse, G.W.J. & Vries, H.J. de (2001). Chipper en Chipknip - strategische interacties. MAB, 75(9), 358-363.
  • Hendrikse, G.W.J. & Veerman, C.P. (2000). Cooperaties en financiele structuur: een transactiekostenbenadering. Bedrijfskunde, 72(1), 54-64.
  • Hendrikse, G.W.J. (1999). Organisatie Verandering en Gevestigde Belangen. Tijdschrift voor Economie en Management, 44(2), 119-132.
  • Hendrikse, G.W.J. (1999). Goed voorbeeld werkt beter dan geld. Economisch-Statistische Berichten, 84(4212), 514-514.
  • Hendrikse, G.W.J. (1998). Enkele organisatorische implicaties van de stakeholderorganisatie als beheersstructuur. MAB, 72(4), 187-191.
  • Hendrikse, G.W.J. (1998). Screening, competition and the choice of the cooperative as an organisational form. Journal of Agricultural Economics, 49(2), 202-217.
  • Hendrikse, G.W.J. (1998). Coöperative speltheorie. Bedrijfskunde, 70(3), 89-97.
  • Hendrikse, G.W.J. (1997). Heuristieken en organisatorische inbedding. Tijdschrift voor Economie en Management, XLII(2), 211-227.
  • Hendrikse, G.W.J. (1996). A commentary and response on Noorderhaven: the argumentational texture of transaction cost economics. Organization Studies, 17(1), 139-143.
  • Hendrikse, G.W.J. (1996). Het primaat van de lokale politiek. Economisch-Statistische Berichten, 81(4071), 729-729.
  • Ehrmann, T., Windsperger, J., Cliquet, G. & Hendrikse, G.W.J. (2013). Network Governance: Alliances, Cooperatives and Franchise Chains. Heidelberg: Springer.
  • Tuunanen, M., Windsperger, J., Cliquet, G. & Hendrikse, G.W.J. (2010). New Developments in the Theory of Networks: Franchising, Alliances and Cooperatives. 2010: Physica-Verlag.
  • Hendrikse, G.W.J., Tuunanen, M., Windsperger, J. & Cliquet, G. (2008). Strategy and Governance of Networks; Cooperatives, Franchising, and Strategic Alliances. Heidelberg: Physica-Verlag.
  • Hendrikse, G.W.J. (2007). Chinese characters here (Chinese edition of Economics and Management of Organizations: Co-ordination, Management and Strategy). Bejing: McGrawHill.
  • Cliquet, G., Hendrikse, G.W.J., Tuunanen, M. & Windsperger, J. (2007). Economics and Management of Networks: Franchising, Alliances, Joint Ventures and Cooperatives. Heidelberg: Physica Verlag.
  • Hendrikse, G.W.J. (2004). Restructuring Agricultural Cooperatives. Rotterdam: Erasmus University Rotterdam.
  • Windsperger, J., Cliquet, G., Hendrikse, G.W.J. & Tuunanen, M. (2004). Economics and Management of Franchising Networks (Contributions to Management Science). Heidelberg: Physica-Verlag.
  • Hendrikse, G.W.J. (2003). Economics and Management of Organizations: Co-ordination, Motivation and Strategy. London: McGrawHill.
  • Hendrikse, G.W.J. (1998). Speltheorie en ondernemingsgedrag. Utrecht: Lemma.
  • Hendrikse, G.W.J. (1998). Moderne Organisatietheorieën. Schoonhoven: Academic Service.
  • Hendrikse, G.W.J. (1998). 3-1=1 en meer dan 7 is te veel. Delft: Eburon.
  • Deng, W. & Hendrikse, G.W.J. (2013). Uncertainties and Governance Structure in Incentives Provision for Product Quality. In T. Ehrmann, J. Windsperger, G. Cliquet & G.W.J. Hendrikse (Eds.), Network Governance: Alliances, Cooperatives, and Franchise Chains (pp. 179-203). Heidelberg: Physica-Verlag.
  • Feng, L. & Hendrikse, G.W.J. (2013). CEO Incentive Provision in Cooperatives: The Impact of Membership Size and Heterogeneity. In T. Ehrmann, J. Windsperger, G. Cliquet & G.W.J. Hendrikse (Eds.), Network Governance: Alliances, Cooperatives, and Franchise Chains (pp. 171-178). Heidelberg: Physica-Verlag.
  • Windsperger, J., Cliquet, G., Ehrmann, T. & Hendrikse, G.W.J. (2013). Introducing 'Network Governance: Alliances, Cooperatives, and Franchise Chains'. In T. Ehrmann, J. Windsperger, G. Cliquet & G.W.J. Hendrikse (Eds.), Network Governance: Alliances, Cooperatives, and Franchise Chains (pp. 1-7). Heidelberg: Physica-Verlag.
  • Hendrikse, G.W.J., Feng, L., Oijen, A.A.C.J. van, Smit, R. & Bijman, W.J.J. (2009). Processing Cooperatives and Diversification. In H.J. Rösner & F. Schultz-Nieswandt (Eds.), Beiträge der genossenschaftlichen Selbsthilfe zur wirtschaftlichen und sozialen Entwicklung (5) (pp. 271-286). Berlin: LIT-Verlag.
  • Hendrikse, G.W.J. & Windsperger, J. (2008). Introducing "Strategy and Governance of Networks". In G.W.J. Hendrikse & M. Tuunanen (Eds.), Strategy and Governance of Networks (pp. 1-9). Heidelberg: Physica Verlag.
  • Hendrikse, G.W.J. & Jiang, T. (2008). Governance of Marketing in Franchising. In Nederlandse Franchise Vereniging (Ed.), Franchise en Marketing (pp. 85-94). Nederlandse Franchise Vereniging.
  • Feng, L. & Hendrikse, G.W.J. (2008). On the Nature of a Cooperative: A System of Attributes Perspective. In G.W.J. Hendrikse & M. Tuunanen (Eds.), Strategy and Governance of Networks (pp. 13-26). Heidelberg: Physica-Verlag.
  • Hu, Y., Huang, Z., Hendrikse, G.W.J. & Xu, X (2007). Organization and Strategy of Farmer Specialized Cooperatives in China. In Gerard Cliquet, George Hendrikse, Mika Tuunanen & Josef Windsperger (Eds.), Economics and Management of Networks: Franchising, Strategic Alliances, and Cooperatives (pp. 437-462). New York, USA: Physica Verlag.
  • Hendrikse, G.W.J., Smit, R.A. & Vieter, M.L. de la (2007). Orientation in Diversification Behavior of Cooperatives: An Agent-Based Approach. In Gerard Cliquet, George Hendrikse, Mika Tuunanen & Josef Windsperger (Eds.), Economics and Management of Networks: Franchising, Strategic Alliances, and Cooperatives (pp. 421-435). New York: Physica Verlag.
  • Hendrikse, G.W.J. & Jiang, T. (2007). Plural Form in Franchising: An Incomplete Contracting Approach. In Gerard Cliquet, George Hendrikse, Mika Tuunanen & Josef Windsperger (Eds.), Economics and Management of Networks: Franchising, Strategic Alliances, and Cooperatives (pp. 13-29). New York: Physica-Verlag.
  • Hendrikse, G.W.J. (2007). Two Vignettes Regarding Boards in Cooperatives versus Corporations: Irrelevance and Incentives. In Kostas Karantininis & Jerker Nilsson (Eds.), Vertical Markets and Cooperative Hierarchies (pp. 137-150). Dordrecht: Springer.
  • Hendrikse, G.W.J. (2007). Allocating Authority in Knowledge Creation Processes. In J.F. Schreinemakers & T.M. van Engers (Eds.), 15 Years of Knowledge Management (pp. 109-119). Wurzburg: Ergon Verlag.
  • Vries, H.J. de & Hendrikse, G.W.J. (2006). The Feasibility of Competing E-purse Systems: A Case Study from the Netherlands. In Lauren.C. Williams (Ed.), Monetary Policy and Issues - New Research (pp. 113-137). Hauppauge, NY: Nova Science Publishers.
  • Hendrikse, G.W.J. (2006). Challenges facing Agricultural Cooperatives: Heterogeneity and Consolidation. In S. Ander & E. Bahrs (Eds.), Unternehmen im Agrarbereich vor neuen Herausforderungen (41) (pp. 31-43). Münster-Hiltrup: Landwirtschaftsverlag.
  • Hendrikse, G.W.J. (2005). Contingent Control Rights in Agricultural Cooperatives. In Theresia Theurl & Eric Christian Meyer (Eds.), Strategies for Cooperation (Munstersche Schriften zur Kooperation, 63) (pp. 385-393). Aachen: Shaker Verlag.
  • Hendrikse, G.W.J. (2004). Introducing 'Restructuring Agricultural Cooperatives'. In G.W.J. Hendrikse (Ed.), Restructuring Agricultural Cooperatives (pp. 5-8). Rotterdam: Erasmus University Rotterdam.
  • Hendrikse, G.W.J. & Veerman, C.P. (2004). On the Future of Cooperatives: Taking Stock, Looking Ahead. In G.W.J. Hendrikse (Ed.), Restructuring Agricultural Cooperatives (pp. 91-107). Rotterdam: Erasmus University Rotterdam.
  • Hendrikse, G.W.J. & Oijen, A.A.C.J. van (2004). Diversification and Corporate Governance. In G.W.J. Hendrikse (Ed.), Restructuring Agricultural Cooperatives (pp. 51-64). Rotterdam: Erasmus University Rotterdam.
  • Bijman, W.J.J. & Hendrikse, G.W.J. (2004). Growers' Associations and the Stability of VTN/The Greenery. In G.W.J. Hendrikse (Ed.), Restructuring Agricultural Cooperatives (pp. 9-27). Rotterdam: Erasmus University Rotterdam.
  • Hendrikse, G.W.J. (2004). Governance in Chains and Networks. In T Camps & G.W.J. Hendrikse (Eds.), The Emerging World of Chains & Networks (pp. 189-204). The Hague: Reed Business Information.
  • Diederen, P., Hendrikse, G.W.J. & Schans, J.W. van der (2004). Relation-based or Rule-based Network Governance: Co-management versus Command and control to Prevent Fish Stock Depletion. In H.J. Bremmers (Ed.), Dynamics in Chains and Networks (pp. 399-406). Wageningen: Wageningen Academic Publishers.
  • Hendrikse, G.W.J. & Windsperger, J. (2004). Introducing 'Economics and Management of Franchising Networks'. In J. Windsperger, G. Cliquet, G.W.J. Hendrikse & M. Tuunanen (Eds.), Economics and management of Franchising Networks (pp. 1-13). Heidelberg: Physica-Verlag.
  • Bijman, W.J.J. & Hendrikse, G.W.J. (2002). Organisational Efficiency in the Fresh Produce Chain: The Role of the Marketing Co-operative. In J.H. Trienekens & S.W.F. Omta (Eds.), Paradoxes in Food Chains and Networks: Proceedings of the Fifth International Conference on Chain and Network Management in Agribusiness and the Food Industry, Noordwijk, 6-8 June 2002. Wageningen: Wageningen Academic Publishers.
  • Hendrikse, G.W.J. & Oijen, A.A.C.J. van (2002). Diversification and Corporate Governance. In Proceedings EAAE Zaragossa 2002. Zaragossa.
  • Hendrikse, G.W.J. (2002). Governance Structure, Product Diversification, and Performance. In European Association of Agricultural Economics, EAAE, Zaragossa, Spain. Zaragossa.
  • Oijen, A.A.C.J. van & Hendrikse, G.W.J. (2002). Governance Structure, Product Diversification, and Performance. In Proceedings ISNIE Boston 2002. Boston: ISNIE.
  • Hendrikse, G.W.J. & Veerman, C.P. (1997). Marketing cooperatives as a system of attributes. In J. Nilsson & G. van Dijk (Eds.), Strategies and Structures in the Agro-food Industries (pp. 111-130). Assen: Van Gorcum & Comp.
  • Hendrikse, G.W.J. & Bijman, W.J.J. (2014). Cooperatives in Agrifood Chains. Collective Action among African Smallholders Trends and Lessons for Future Development: Washington DC.
  • Bijman, W.J.J., Iliopoulos, C., Poppe, K.J., Gijselinckx, C., Hagendorn, K., Hanisch, M., Hendrikse, G.W.J., Kühl, R., Ollila, P., Pyykkonen, P. & van der Sangen, G. (2012). Support for Farmers’ Cooperatives, Final report. Wageningen: Wageningen UR.
  • Hendrikse, G.W.J. (2012). Support for Farmers’ Cooperatives; Case Study Report Coforta. Wageningen: Wageningen UR.
  • Hendrikse, G.W.J. (2012). Co-operatives and channel governance. RSM Insight, 11(3), 20-22.
  • Hendrikse, G.W.J. & Windsperger, J. (2010). Hard versus Soft Franchising. In J.A.I.M. Burgers (Ed.), Franchise Soft of Hard (De Ton Vervoort Serie, April 2010) (pp. 47-54). Nederlandse franchise Vereniging.
  • Hu, Y. & Hendrikse, G.W.J. (2009). Cooperaties in China. Cooperatie, 24-25.
  • Hendrikse, G.W.J. (2009). Burgers, Consumenten, en Telers. Cooperatie, 16-17.
  • Banaszak, I & Hendrikse, G.W.J. (2009). Cooperaties in Polen. Cooperatie, 18-19.
  • Hendrikse, G.W.J. & Jiang, T. (2008). Governance of Marketing in Franchising. In Burgers, J. (Ed.), Franchise en Marketing (pp. 85-94). Hilversum: Nederlandese Franchise Vereniging.
  • Hendrikse, G.W.J. & Schut, E. (2004). Naar nieuwe Beheersstructuren in de Nederlandse Gezondheidszorg. Acta Hospitalia, 44(1), 5-20.
  • Hendrikse, G.W.J. & Boden, P.J.H. (1998). Taxiritprijzen en de samenstelling van de taxiadviescommissie. Tijdschrift voor Vervoerswetenschap, 34(1), 3-18.
  • Hendrikse, G.W.J. (1996). Blauwdruk voor strategisch management [Bespreking van het boek Blauwdruk voor strategisch management]. .
Anna Petruchenya

Essays on Cooperatives, Networks, and Social Capita

Qiao Liang

Governance, CEO Identity, and Quality Provision of Farmer Cooperatives

  • Role: Promotor
  • PhD Candidate: Qiao Liang
  • Time frame: 2009 - 2013
Li Feng

Motivation, Coordination and Cognition in Cooperatives

  • Role: Promotor
  • PhD Candidate: Li Feng
  • Time frame: 2006 - 2010
Ze Zhu

Essays on China's Tax System

  • Role: Promotor
  • PhD Candidate: Ze Zhu
  • Time frame: 2003 - 2007

Editorial positions

  • International Studies of Management & Organization

    Editor Special Issue

  • European Review of Agricultural Economics

    Editorial Board

  • Managerial and Decision Economics

    Co-Editor Special Issue

  • Managerial and Decision Economics

    Editorial Board

Current courses

Cooperatives: Two Worlds in One Organization

The global financial crisis, and various corporate scandals preceding it, have raised the question about alternative organizational forms. Cooperatives are a worldwide phenomenon and provide such an alternative. They are enterprises collectively owned by many independent sellers or buyers. These organizations are usually not publicly-listed, provide benefits to members, have democratic procedures for goal setting and decision-making, and have special rules for dealing with capitalization and profit.
Owners of a cooperative are usually referred to as members. Members have two roles. On the one hand, they have a transaction relationship with the enterprise by providing inputs or buying outputs. On the other hand, they are owners collectively possessing the residual rights over the cooperative and take decisions regarding it. The main challenge of a cooperative is that it has to address two audiences. A cooperative has to serve member interests and to generate value at the joint enterprise. Given that the organizational structures required for these two tasks are different, and the cooperative is designed for the former task, the downstream party does not always perform the latter task well. The organizational design challenge is to accommodate these two worlds in one organization by structuring the decision rights (formal versus real authority, board structure, asset partitioning, collective decision making, voice, one member one vote, ...) and income rights (quality and quantity differentiation, delivery and purchasing agreements, closed versus membership policy, ...).

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Governance of Bounded Cognition

Individuals have limited capabilities to gather, absorb, and process information within a limited amount of time. Our limited cognitive abilities have therefore to be used effectively in order to deal successful with complex, vague situations. Organizations may enable the constraints of bounded cognition to be circumvented, so that more information can be gathered and a greater variety of expertise can be used in its compilation and evaluation than any individual or small group could achieve. An important theme is therefore that the functioning of organizations is not embodied in the parts, but in the organization of the parts. This is why organizations, groups of individuals, may be able to do more (make better decisions) than any single individual. Another important theme is that different governance structures aggregate the same local information in different ways. It entails that every structure of information channels leads inevitably to a certain bias in the provision of information. The choice of governance is therefore a choice between different kinds of biases because errors are typically systematic. The primary purpose of this project is to examine how governance structures differ in their organization of the cognition of bounded rational agents, and to identify the circumstances when a governance structure is efficient. The implications are analyzed regarding a variety of topics, such as governance structure and incentive system design, communication in cooperatives versus investor owned firms, the extent and direction contractual incompleteness, vested interests and governance structure, and so on.

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Latest publication

Hendrikse, G.W.J. & Bijman, W.J.J. (2014). Cooperatives in Agrifood Chains. Collective Action among African Smallholders Trends and Lessons for Future Development: Washington DC.