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The Effects Of Food Safety Issues On Diversifiable And Nondiversifiable Agribusiness Risk

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  • Wilson, Christine A.
  • Featherstone, Allen M.

Abstract

This effects of food safety issues on food and agribusiness firm financial risk and return are quantitatively examined using a Bayesian switching model. A capital asset pricing model is estimated to examine the pre- and post-issue on the firm. In addition, the diffusion process on other firms in the industry is also analyzed.

Suggested Citation

  • Wilson, Christine A. & Featherstone, Allen M., 2002. "The Effects Of Food Safety Issues On Diversifiable And Nondiversifiable Agribusiness Risk," 2002 Annual meeting, July 28-31, Long Beach, CA 19678, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea02:19678
    as

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    File URL: http://purl.umn.edu/19678
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    References listed on IDEAS

    as
    1. Brown, Stephen J. & Warner, Jerold B., 1980. "Measuring security price performance," Journal of Financial Economics, Elsevier, vol. 8(3), pages 205-258, September.
    2. Henneberry, Shida Rastegari & Piewthongngam, Kullapapruk & Qiang, Han, 1999. "Consumer Food Safety Concerns And Fresh Produce Consumption," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(01), July.
    3. Lusk, Jayson L. & Schroeder, Ted C., 2002. "Effects of Meat Recalls on Futures Market Prices," Agricultural and Resource Economics Review, Cambridge University Press, vol. 31(01), pages 47-58, April.
    4. Corrado, Charles J., 1989. "A nonparametric test for abnormal security-price performance in event studies," Journal of Financial Economics, Elsevier, vol. 23(2), pages 385-395, August.
    5. Spencer Henson & Mario Mazzocchi, 2002. "Impact of Bovine Spongiform Encephalopathy on Agribusiness in the United Kingdom: Results of an Event Study of Equity Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(2), pages 370-386.
    6. Baker, Gregory A., 1999. "Consumer Preferences For Food Safety Attributes In Fresh Apples: Market Segments, Consumer Characteristics, And Marketing Opportunities," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(01), July.
    7. Benoit Mandelbrot, 1965. "Forecasts of Future Prices, Unbiased Markets, and "Martingale" Models," The Journal of Business, University of Chicago Press, vol. 39, pages 242-242.
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