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A BEHAVIORAL APPROACH TOWARDS FUTURES CONTRACT USAGE. AgEcon
Pennings, Joost M.E.; Leuthold, Raymond M..
We propose a behavioral decision-making model to investigate what factors, observable as well as unobservable, owner-managers consider regarding futures contract usage. The conceptual model consists of two phases, reflecting the two-stage decision structure of manager’s use of futures. In the first phase owner-managers consider whether futures are within the market choice set for the enterprise. In the second phase the owner-manager decides whether or not to initiate a futures position when confronted with a concrete choice situation. In both phases owner-manager’s beliefs and perceptions play an important role. The proposed model is tested on a data set of Dutch farmers, based on computer-assisted personal interviews. Because we incorporate latent...
Tipo: Working or Discussion Paper Palavras-chave: Hedging; Futures; Structural equation modeling; Behavioral models; Futures exchanges; Choice models; Farmers; Institutional and Behavioral Economics.
Ano: 2001 URL: http://purl.umn.edu/46448
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Business Relationships and B2B Communication in Selected European Agri-food Chains – First Empirical Evidence AgEcon
Fischer, Christian; Hartmann, Monika; Bavorova, Miroslava; Hockmann, Heinrich; Suvanto, Hannele; Viitaharju, Leena; Leat, Philip M.K.; Revoredo-Giha, Cesar; Henchion, Maeve M.; McGee, Claire; Dybowski, Grzegorz; Kobuszynska, Mira.
The roles of business relationships and B2B communication in selected European agri-food chains are analyzed. Using survey data from 1,026 farmers, food processors and retailers in two commodity sectors (meat and cereals) and five different EU countries (Germany, United Kingdom, Ireland, Finland, Poland), we test the empirical relevance of several theory-based determinants of relationship goodness. This is undertaken for the overall dataset and separately for different supply chain stages (farmer-processor versus the processor-retailer relationship) and for the individual countries. The estimation results, derived from structural equation modeling, suggest that the most important contributor to good business relationships is effective communication, with...
Tipo: Journal Article Palavras-chave: Business relationships; B2B communication; Agri-food; Value/supply chain; Structural equation modeling; Agribusiness; Agricultural and Food Policy; Q10; Q13; Q16; Q18.
Ano: 2008 URL: http://purl.umn.edu/53645
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Designing and validating the methodology for the Internet assessment of fish consumption at a university setting Ciênc. Tecnol. Aliment.
Maciel,Erika da Silva; Vasconcelos,Julia Santos; Silva,Luciana Kimie Savay da; Sonati,Jaqueline Girnos; Galvão,Juliana; Silva,Dirceu da; Oetterer,Marília.
Assessing fish consumption is complex and involves several factors; however, the use of questionnaires in surveys and the use of the Internet as tool to collect data have been considered promising approaches. Therefore, the objective of this research was to design a data collection technique using a questionnaire to assess fish consumption by making it available on a specific home page on the Internet. A bibliographical survey or review was carried out to identify the features of the instrument, and therefore pre-tests were conducted with previous instruments, followed by the Focus Group technique. Specialists then performed an analysis and conducted an online pre-test. Multivariate data analysis was applied using the SmartPLS software. The results...
Tipo: Info:eu-repo/semantics/article Palavras-chave: Fish consumption; Structural equation modeling; Internet; Questionnaire.
Ano: 2014 URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-20612014000200015
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Determining the change in welfare estimates from introducing measurement error in non-linear choice models AgEcon
Gibson, Fiona L.; Burton, Michael P..
Observed and unobserved characteristics of an individual are often used by researchers to explain choices over the provision of environmental goods. One means for identifying what is typically an unobserved characteristic, such as an attitude, is through some data reduction technique, such as factor analysis. However, the resultant variable represents the true attitude with measurement error, and hence, when included into a non-linear choice model, introduces bias in the model. There are well established methods to overcome this issue, which are seldom implemented. In an application to preferences over two water source alternatives for Perth in Western Australia, we use structural equation modeling within a discrete choice model to determine whether...
Tipo: Working or Discussion Paper Palavras-chave: Contingent valuation; Attitudes; Structural equation modeling; Recycled water; Environmental Economics and Policy; Research Methods/ Statistical Methods; Q51; Q53; C13.
Ano: 2011 URL: http://purl.umn.edu/103428
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Market Orientation, Innovativeness, and Performance of Food Companies AgEcon
Johnson, Aaron J.; Dibrell, Charles Clay; Hansen, Eric.
Food processors have seen escalating levels of competition over the past three decades. An underlying objective of this research is to gain a greater understanding of how food companies thrive in the face of this increased competition. This study incorporates market orientation theory (competitor orientation, customer orientation, and interfunctional coordination) and firm innovativeness to explain differences in firm financial performance. A national survey of food processors was conducted and structural equation modeling was used to test the hypotheses. The results show that the more successful firms are more internally focused (interfunctional coordination and innovativeness) than externally focused (competitor and customer orientation).
Tipo: Journal Article Palavras-chave: Firm performance; Food industry; Innovativeness; Market orientation; Structural equation modeling; Agribusiness; Marketing.
Ano: 2009 URL: http://purl.umn.edu/90659
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Problem Detection and Definition - The Case of Farmers' Choice of Organic Milk Production AgEcon
Lunneryd, Daniel; Ohlmer, Bo.
Little is known about problem detection and definition, despite that it starts the decision making process. Problem detection means becoming aware of a problem, i.e. of a difference between a desired and perceived situation. Problem definition is the process of specifying the problem, identifying decision options and choosing options to develop further through planning and analysis. The aim is to explain problem detection and definition using the case of farmers' choice of converting to organic milk production. Literature and case studies are used to generate a hypothetical model, which is estimated with survey data, path analysis, the Maximum Likelihood estimator and structural equation modeling. Different problems were identified, such as an ideological...
Tipo: Conference Paper or Presentation Palavras-chave: Problem detection; Problem definition; Decision making process; Organic milk production; Structural equation modeling; Farm Management; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/7716
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Structural Equation Modeling of lifestyles and consumer attitudes towards organic food by income: a Spanish case study Ciencia e Investigación Agraria
Olivas,Raquel; Díaz,Mónica; Bernabéu,Rodolfo.
R. Olivas, M Díaz, and R. Bernabéu. 2013. Structural Equation Modeling of lifestyles and consumer attitudes towards organic food by income: a Spanish case study. Cien. Inv. Agr. 40(2): 265-277. The organic food consumer in Spain is particularly conditioned by the premium prices of these foods and by their lack of availability in shops relative to conventional substitutes. In relation to the first determinant, several studies have revealed a direct relationship between maximum willingness to pay for these foods and consumer income. However, little is known about the influence of consumer attitudes, in relation to lifestyle, on these decisions. To address this issue, face-to-face surveys were conducted with 420 organic food consumers in the Madrid...
Tipo: Journal article Palavras-chave: Consumer behavior; Marketing strategy; Structural equation modeling.
Ano: 2013 URL: http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-16202013000200003
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