A.A. (Anna) Petruchenya

Rotterdam School of Management (RSM)
Erasmus University Rotterdam
ERIM Doctoral Student
Field: Organisation
Affiliated since 2013

PhD Project

Essays on Cooperatives:Emergence, Retained Earnings, and Market Shares

Cooperatives received significant attention in recent years as an alternative to investor-owned corporations. The objective of a cooperative to advance the interests of its member-owners is appealing from a societal perspective, particularly when comparing it with a profit-maximizing objective of an investor-owned firm.

This thesis focuses on agricultural cooperatives, i.e. on the enterprises collectively owned by farmer-members. It advances the knowledge about a cooperative enterprise in three ways: (i) by conceptualizing and evaluating different patterns of emergence of cooperatives; (ii) by delineating an efficient allocation of decision rights regarding the profit distribution in cooperatives, from a relational contracting perspective; (iii) and by investigating the determinants of cooperative market shares in the European Union.

 Chapter 2 models cooperative emergence as a non-cooperative game between two farmers and an outsider.

Chapter 3 formulates a non-cooperative game between the upstream party (farmers) and the downstream party (cooperative management) in a cooperative.
Chapter 4 provides an empirical analysis of cooperative market shares in the European Union.

Lastly, Chapter 5 suggests that, given conceptual similarities of member-owned enterprises, the findings of this thesis contribute to the understanding of the emergence, governance, and market shares of collectively owned organizations outside the agricultural sector.

Cooperatives, emergence, top-down, bottom-up, delegation, retained earnings, relational contracts, market shares, governance structure, collective action
Time frame
2013 -


Visiting address

Office: Mandeville Building T10-45
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam

Supervisory team

Anna Petruchenya
Professor of Economics of Organization
Promotor, Daily supervisor
Anna Petruchenya
Associate Professor of Entrepreneurship and Innovation, Chinese Economy and Business
Daily supervisor