The effects of industry and firm resources on profitability in the food economy
The source of the variance in profitability among firms is an important issue in the field of food and agribusiness economics. The objective of this study is to analyze firm profitability in the food economy and determine the source of variance of firm profitability. The results indicate that firm effects account for the largest variance in business-segment performance within the food economy. Firm specific factors are less important for the vast majority of firms that are not the industry high or low performers. These results provide support that industry structure matters more for firms that are not high or low performers, which is characteristic of the majority of firms in an industry. [EconLit citations: Q130, L100.] © 2005 Wiley Periodicals, Inc. Agribusiness 21: 97-108, 2005.
Volume (Year): 21 (2005)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297|
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.:
- L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
- Jean D. Kinsey, 2001. "The New Food Economy: Consumers, Farms, Pharms, and Science," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(5), pages 1113-1130.
- Caves, R E & Porter, M E, 1977. "From Entry Barriers to Mobility Barriers: Conjectural Decisions and Contrived Deterrence to New Competition," The Quarterly Journal of Economics, MIT Press, vol. 91(2), pages 241-61, May.
- Steven T. Sonka & Michael A. Hudson, 1989. "Why agribusiness anyway?," Agribusiness, John Wiley & Sons, Ltd., vol. 5(4), pages 305-314.
When requesting a correction, please mention this item's handle: RePEc:wly:agribz:v:21:y:2005:i:1:p:97-108. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.