IDEAS home Printed from https://ideas.repec.org/a/eur/ejesjr/118.html
   My bibliography  Save this article

Customer Preference for Consuming Organic Red Meat - Case Study of Albanian Market

Author

Listed:
  • Fabjan Lashi

    (Faculty of Engineering, Canadian Institute of Technology, Tirana)

  • Ilir Kapaj
  • Remzi Keco

Abstract

Albania has recognized a notable customer behavior change after 1990 CITATION Civ03 \l 1033 (Civici, 2003). These changes are still present in many aspects of customer preference, decision and continue to change dynamically. In this study we answered questions like do customers have some preference for meet originating from their localities? Is for our customers that have a relevant position for taking decisions in the family nucleus (i. e. father or mother), are most likely willing to pay price premium for organic meat? Finally, the price sensitivity also in this study persist as in important factor in deciding to purchase and pay more for organic meat. Other aspects are the need to extend the exploration in EU markets where Alania has concrete plans to become part of it, and how can undertake reforms toward becoming a full member of European Union (EU), and adopt rules and regulation to certify the organic meat. Pre-accession and later on EU accession require strict measures and a set of rules and regulations to be introduced, adopted and implemented in the agriculture sector. Food security and access in information through trusted labels are playing also a relevant role in this study.

Suggested Citation

  • Fabjan Lashi & Ilir Kapaj & Remzi Keco, 2017. "Customer Preference for Consuming Organic Red Meat - Case Study of Albanian Market," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.
    • Handle: RePEc:eur:ejesjr:118
    DOI: 10.26417/ejes.v7i1.p89-93
    as

    Download full text from publisher

    File URL: https://brucol.be/index.php/ejes/article/view/5336
    Download Restriction: no
    File URL: https://brucol.be/files/articles/ejes_v3_i1_17/Fabjan.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26417/ejes.v7i1.p89-93?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Alberto Chong & Florencio Lopez-de-Silanes, 2007. "Corporate Governance in Latin America," Research Department Publications 4494, Inter-American Development Bank, Research Department.
    2. Ricardo N. Bebczuk & André L. Carvalhal da Silva & Alberto E. Chong & Juan José Cruces & Urbi Garay & Maximiliano González & Luis H. Gutiérrez & Enrique Kawamura & Ricardo P. C. Leal & Fernando Lefort, 2007. "Investor Protection and Corporate Governance: Firm-level Evidence across Latin America," IDB Publications (Books), Inter-American Development Bank, number 59598 edited by Alberto E. Chong & Florencio López-de-Silanes, February.
    3. Cui, Jiajia & Jong, Frank De & Ponds, Eduard, 2011. "Intergenerational risk sharing within funded pension schemes," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(1), pages 1-29, January.
    4. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    5. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
    6. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    7. repec:idb:brikps:59598 is not listed on IDEAS
    8. Florencio López-de-Silanes & Alberto Chong, 2007. "Investor Protection and Corporate Governance : Firm-Level Evidence Across Latin America," World Bank Publications - Books, The World Bank Group, number 6769, August.
    9. -, 1995. "Foreign direct investment in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27404, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    10. anonymous, 1995. "Atlanta Fed Board gets new leadership, directors," Financial Update, Federal Reserve Bank of Atlanta, vol. 8(Oct), pages 2-3.
    11. anonymous, 1995. "Atlanta Fed Board gets new leadership, directors," Economics Update, Federal Reserve Bank of Atlanta, issue Oct, pages 6-7.
    12. Bebczuk, Ricardo N. & Da Silva, André L. Carvalhal & Chong, Alberto E. & Cruces, Juan José & Garay, Urbi & González, Maximiliano & Gutiérrez, Luis H. & Kawamura, Enrique & Leal, Ricardo P. C. & Lefort, 2007. "Investor Protection and Corporate Governance: Firm-level Evidence across Latin America," IDB Publications (Books), Inter-American Development Bank, number 354.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Miranda-Lopez, Jose & Tama-Sweet, Isho, 2024. "The impact of corporate governance on the information content of earnings and cash flows: Evidence from Brazil," International Review of Financial Analysis, Elsevier, vol. 93(C).
    2. Koulikidou, Kleopatra & Chantziaras, Antonios & Dedoulis, Emmanouil & Leventis, Stergios, 2023. "Regulatory enforcement, foreignness, and language negativity: Evidence from SEC comment letters," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 51(C).
    3. Lee, King Fuei, 2010. "Retail minority shareholders and corporate reputation as determinant of dividend policy in Australia," Pacific-Basin Finance Journal, Elsevier, vol. 18(4), pages 351-368, September.
    4. Pombo, Carlos & De la hoz, María Camila, 2015. "Institutional Investors and Firm Valuation: Evidence from Latin America," Galeras. Working Papers Series 040, Universidad de Los Andes. Facultad de Administración. School of Management.
    5. Ronconi, Lucas & Kawamura, Enrique, 2015. "Firms' Investment and Savings in Latin America: Stylized Facts from the Enterprise Survey," IDB Publications (Working Papers) 7349, Inter-American Development Bank.
    6. Marinko Škare & Tea Hasić, 2016. "Corporate governance, firm performance, and economic growth -- theoretical analysis," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(1), pages 35-51, February.
    7. Lina Cortés & Juan M. Lozada & Javier Perote, 2019. "Firm size and concentration inequality: A flexible extension of Gibrat’s law," Documentos de Trabajo de Valor Público 17205, Universidad EAFIT.
    8. Poletti-Hughes, Jannine & Williams, Jonathan, 2019. "The effect of family control on value and risk-taking in Mexico: A socioemotional wealth approach," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 369-381.
    9. De-la-Hoz, Maria Camila & Pombo, Carlos, 2016. "Institutional investor heterogeneity and firm valuation: Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 26(C), pages 197-221.
    10. Eiler, Lisa A. & Miranda-Lopez, Jose & Tama-Sweet, Isho, 2015. "The Impact of Accounting Disclosures and the Regulatory Environment on the Information Content of Earnings Announcements," The International Journal of Accounting, Elsevier, vol. 50(2), pages 142-169.
    11. Hanene Ezzine, 2018. "Corporate governance and social norms during financial crisis: evidence from France and Saudi Arabia," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(3), pages 707-748, September.
    12. Cordeiro Moreira, Jeíce Catrine & Lima, Gerlando A.S.F. & Góis, Alan Diógenes, 2019. "Effects of institutional factors on the accruals anomaly in Latin America," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 36(C), pages 1-1.
    13. Gaitán, Sandra & Herrera-Echeverri, Hernán & Pablo, Eduardo, 2018. "How corporate governance affects productivity in civil-law business environments: Evidence from Latin America," Global Finance Journal, Elsevier, vol. 37(C), pages 173-185.
    14. Liu, Kai & Wang, Jiang & Liu, Liqun & Huang, Yingjun, 2023. "Mixed-ownership reform of SOEs and ESG performance: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1618-1641.
    15. Figlioli, Bruno & Lemes, Sirlei & Lima, Fabiano Guasti, 2020. "In search for good news: The relationship between accounting information, bounded rationality and hard-to-value stocks," Emerging Markets Review, Elsevier, vol. 44(C).
    16. Freeman, Steven F., 1997. "Good decisions : reconciling human rationality, evolution, and ethics," Working papers WP 3962-97., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    17. Ellen Garbarino & Robert Slonim, 2007. "Preferences and decision errors in the winner’s curse," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 241-257, June.
    18. Giuseppe Pernagallo & Benedetto Torrisi, 2020. "A theory of information overload applied to perfectly efficient financial markets," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 14(2), pages 223-236, October.
    19. Moshe Levy & Haim Levy, 2013. "Prospect Theory: Much Ado About Nothing?," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 7, pages 129-144, World Scientific Publishing Co. Pte. Ltd..
    20. Ashton, John K. & Hudson, Robert S., 2008. "Interest rate clustering in UK financial services markets," Journal of Banking & Finance, Elsevier, vol. 32(7), pages 1393-1403, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eur:ejesjr:118. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Revistia Research and Publishing (email available below). General contact details of provider: https://revistia.com/index.php/ejes .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.