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Driver costs in small firms: empirical analysis for farms

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Author Info
Josep Maria Argiles Bosch
Josep Garcia Blandon (Universitat de Barcelona)
Abstract

The agricultural sector has always been characterized by a predominance of small firms. International competition and the consequent need for restraining costs are permanent challenges for farms. This paper performs an empirical investigation of cost behavior in agriculture using panel data analysis. Our results show that transactions caused by complexity influence farm costs with opposite effects for specific and indirect costs. While transactions allow economies of scale in specific costs, they significantly increase indirect costs. However, the main driver for farm costs is volume. In addition, important differences exist for small and big farms, since transactional variables significantly influence the former but not the latter. While sophisticated management tools, such ABC, could provide only limited complementary useful information but no essential allocation bases for farms, they seem inappropriate for small farms.

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Publisher Info
Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number 140.

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Length: 27 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:bar:bedcje:2005140

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Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain.
Web page: http://www.ere.ub.es
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M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
M40 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - General
M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting

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  1. Foster, George & Gupta, Mahendra, 1990. "Manufacturing overhead cost driver analysis," Journal of Accounting and Economics, Elsevier, vol. 12(1-3), pages 309-337, January. [Downloadable!] (restricted)
  2. Josep Maria Argilés, Eric John Slof, 2001. "New opportunities for farm accounting," European Accounting Review, Taylor and Francis Journals, vol. 10(2), pages 361-383, July. [Downloadable!] (restricted)
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