We examine firm profitability in the food economy and determine the source of variance of firm profitability in family-owned and non-family-owned food processing firms. The results indicate firm effects dominate in explaining the variance in the business-segment performance in the food economy. More specifically, we find family-owned firms compared to non-family-owned firms have a higher percentage of total variance in the business-segment performance explained by yearly effects, industy effects, and firm effects for both the random-effects and fixed-effects models.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number
19216.
Length: Date of creation: 2005 Date of revision: Handle: RePEc:ags:aaea05:19216
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Schmalensee, Richard, 1985.
"Do Markets Differ Much?,"
American Economic Review,
American Economic Association, vol. 75(3), pages 341-51, June.
[Downloadable!] (restricted)
Other versions:
Schmalensee, Richard., 1984.
"Do markets differ much?,"
Working papers
1531-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
[Downloadable!]