Abstract:

There are practically no research works that predict failure in agricultural cooperatives. The fundamental elements of this legal form justify the development of specific prediction models. The Delphi methodology has been used to define agricultural cooperative failure and to assess the usefulness of financial and non financial variables. The conclusions suggest considering those agricultural cooperatives with negative equity or cash-flow problems to be failures or to come close to this concept. The relevance of the non-financial variables on business failure was assessed. It is important to point out the high predictive score that the three human capital study variables obtained. This one and also the relational capital, the structural capital and the corporate governance are the most relevant variables that can act as business prediction instruments.