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| Schumacher, Sara K.; Boland, Michael A.. |
| We evaluate the persistence of incremental industry, firm-specific, and corporate-parent effects on firm profitability across the food and agribusiness sector and further analyze the persistence within four major sectors: processing, wholesale, retail, and restaurant. Results suggest that industry effects are more persistent than corporate effects across the food and agribusiness sector. Results also suggest the retail supermarket sector has had relatively stable profits due to both industry and firm effects during the time period under study. The results have implications with respect to research and extension programs targeted toward educating producers and management about producer-owned businesses. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/22124 |
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| Schumacher, Sara K.; Boland, Michael A.. |
| Managers craft strategies that, if successfully implemented, can improve profitability and financial performance over time. Can firms repeat their performance over time? If so, then a manager who crafted a successful strategy could expect her/his firm to achieve greater profitability relative to other firms within its industry. The objective of this study was to compare business performance (accounting profitability) for publicly traded and cooperatively-owned food and agribusiness firms. We used the Standard and Poors Compustat database using the methodology of McGahan and Porter's paper which used on 4,112 manufacturing firms. Return on investment for each SIC code in each year was calculated. A regression equation with return on investment as the... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/34405 |
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| Schumacher, Sara K.; Marsh, Thomas L.. |
| This study investigated the cost structure of the floriculture industry in the United States. Economies of scale and input elasticities were estimated with a normalized quadratic cost function. Results suggest that economies of scale exist in the floriculture industry. As producers become large and more automated, they have a cost advantage relative to smaller producers who are producing the same output product mix. The existence of economies of scale suggests that average grower size can increase in the future as growers increase in size to take advantage of cost efficiencies. |
| Tipo: Journal Article |
Palavras-chave: Duality; Economies of scale; Floriculture; Nonprice variables; Q12; C31; D20. |
| Ano: 2003 |
URL: http://purl.umn.edu/43145 |
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