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Internationalization and Firm Performance in Agribusiness: Empirical Evidence from European Cooperatives

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  • Heyder, Matthias
  • Makus, Christian
  • Theuvsen, Ludwig

Abstract

The ongoing internationalization of markets has become a major issue also for companies of the agribusiness. Nevertheless, neither the degree of internationalization of agribusiness firms nor the internationalization-performance relationship in the agribusiness sector have been analyzed thoroughly so far. To help fill this void, we use panel data compiled from annual reports and balance sheets to investigate the internationalization as well as the internationalization-performance relationship of 21 leading European cooperatives in the dairy and meat sectors. Our results indicate that internationalization has a significant positive impact on firm performance.

Suggested Citation

  • Heyder, Matthias & Makus, Christian & Theuvsen, Ludwig, 2011. "Internationalization and Firm Performance in Agribusiness: Empirical Evidence from European Cooperatives," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 2(1), pages 1-17, September.
    • Handle: RePEc:ags:ijofsd:121847
    DOI: 10.22004/ag.econ.121847
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    2. Min-Lee Chan & Kannika Duangnate & Cho-Min Lin, 2020. "Performance and Cash Value of Taiwan Multinational Firms’ FDI in ASEAN," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(2), pages 1-2.
    3. Declerck, Francis, 2016. "Mergers & Acquisitions in the Food Business: How did the 2002 and 2008/2009 Economic Crises Impact Corporate Valuation?," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 7(3), pages 1-13, June.
    4. Theo Benos & Nikos Kalogeras & Martin Wetzels & Ko De Ruyter & Joost M. E. Pennings, 2018. "Harnessing a ‘Currency Matrix’ for Performance Measurement in Cooperatives: A Multi-Phased Study," Sustainability, MDPI, vol. 10(12), pages 1-38, December.
    5. Julia Hohler & Rainer Kuhl, 2014. "Position and Performance of Farmer Cooperatives in the Food supply Chain of the EU-27," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(4), pages 579-595, December.
    6. Mateos-Ronco, Alicia & Guzman-Asuncion, Sandra, 2018. "Determinants of financing decisions and management implications: evidence from Spanish agricultural cooperatives," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(6), July.
    7. Schulze‐Ehlers, Birgit, 2015. "Determinants of Job Search Success of German Agricultural Sciences Graduates," 2015 International European Forum (144th EAAE Seminar), February 9-13, 2015, Innsbruck-Igls, Austria 206254, International European Forum on System Dynamics and Innovation in Food Networks.
    8. Declerck, Francis & Viviani, Jean-Laurent, 2012. "Solvency and Performance of French Wineries in Times of Declining Sales: Co-operatives and Corporations," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 3(2), pages 1-17, December.
    9. Mozas-Moral, Adoración & Fernández-Uclés, Domingo & Medina-Viruel, Miguel Jesús & Bernal-Jurado, Enrique, 2021. "The role of the SDGs as enhancers of the performance of Spanish wine cooperatives," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    10. Losilla Solano, Luis Vinicio & Brümmer, Bernhard & Engler, Alejandra & Otter, Verena, 2019. "Effects of intra- and inter-regional geographic diversification and product diversification on export performance: Evidence from the Chilean fresh fruit export sector," Food Policy, Elsevier, vol. 86(C), pages 1-1.
    11. Theuvsen, Ludwig & Heyder, Matthias, 2011. "Internationalisation of German agribusiness firms after the EU enlargement: strategies, challenges and success," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 11(26), pages 1-15, September.
    12. Jos Bijman & Markus Hanisch & Ger Sangen, 2014. "Shifting Control? The Change of Internal Governance in Agricultural Cooperatives in the EU," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(4), pages 641-661, December.
    13. Flavio Boccia & Daniela Covino, 2016. "Innovation and sustainability in agri-food companies: The role of quality," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2016(1), pages 131-141.
    14. Heyder, Matthias & Theuvsen, Ludwig, 2011. "Strategies and challenges of internationalisation in BRIC-countries: Empirical results from the German agribusiness," IAMO Forum 2011: Will the "BRICs Decade" Continue? – Prospects for Trade and Growth 22, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
    15. Losilla, L. & Engler, A. & Otter, V., 2018. "Internationalization paths of fruit export companies from emerging economies: Are they regionally or globally oriented?," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277400, International Association of Agricultural Economists.
    16. Jan Falkowski & Pavel Ciaian, 2016. "Factors Supporting the Development of Producer Organizations and their Impacts in the Light of Ongoing Changes in Food Supply Chains: A Literature Review," JRC Research Reports JRC101617, Joint Research Centre.
    17. Hanisch, Markus & Rommel, Jens & Mueller, Malte, 2012. "Variation In Farm Gate Milk Prices And The Cooperative Yardstick Revisited – Panel Evidence From The European Dairy Sectors," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137138, German Association of Agricultural Economists (GEWISOLA).

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