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Performance post succession on Italian family farms

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  • Bertoni, Danilo
  • Cavicchioli, Daniele
  • Latruffe, Laure

Abstract

We analyse whether the event of succession changes the performance of Italian family farms, using data from the Italian Farm Accountancy Data Network (FADN) and several performance indicators during 2008-2014. T-tests of equality of means and propensity score matching reveal that succession has a negative effect on performance related to capital, due to an increase in capital after succession. Furthermore, in the first years examined, performance per hectare after succession is lower for farms with succession than for farms without. This negative effect of succession on performance per hectare is not systematically confirmed when performance is related per labour unit.

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  • Bertoni, Danilo & Cavicchioli, Daniele & Latruffe, Laure, 2017. "Performance post succession on Italian family farms," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261435, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae17:261435
    DOI: 10.22004/ag.econ.261435
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    2. Ayse Karaevli, 2007. "Performance consequences of new CEO ‘Outsiderness’: Moderating effects of pre‐ and post‐succession contexts," Strategic Management Journal, Wiley Blackwell, vol. 28(7), pages 681-706, July.
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    6. Thomas Glauben & Martin Petrick & Hendrik Tietje & Christoph Weiss, 2009. "Probability and timing of succession or closure in family firms: a switching regression analysis of farm households in Germany," Applied Economics, Taylor & Francis Journals, vol. 41(1), pages 45-54.
    7. Carlos D. Mayen & Joseph V. Balagtas & Corinne E. Alexander, 2010. "Technology Adoption and Technical Efficiency: Organic and Conventional Dairy Farms in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(1), pages 181-195.
    8. Cucculelli, Marco & Micucci, Giacinto, 2008. "Family succession and firm performance: Evidence from Italian family firms," Journal of Corporate Finance, Elsevier, vol. 14(1), pages 17-31, February.
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    12. Carillo, Felicetta & Carillo, Maria Rosaria & Venittelli, Tiziana & Zazzaro, Alberto, 2013. "Aging and succession on Italian farms," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L'Informatore Agrario, vol. 2013(1), March.
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    2. Daniele Cavicchioli & Danilo Bertoni & Dario Gianfranco Frisio & Roberto Pretolani, 2019. "Does the future of a farm depend on its neighbourhood? Evidence on intra-family succession among fruit and vegetable farms in Italy," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 7(1), pages 1-17, December.

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    Keywords

    Farm Management; Productivity Analysis;

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