The present article is the first that analyses profit persistence in European food industry. Based on Arellano and Bond GMM estimator, degree of drivers are quantified for a large sample processing firms. analysis reveals industry lower compared with other manufacturing sectors due to strong competition among processors high retailer concentration. Furthermore, firm size an important driver persistence, while age, risk R&D intensity have negative influence.

Abstract This paper decomposes the variance in EU food industry return‐on‐assets into year, country, and firm effects using a hierarchical linear model ( HLM ). The approach accounts for some of methodological drawbacks conventional approaches decomposition such as anova components additionally allows estimation impact covariates within each effect level. results selected countries show that are far more important than structure determining profitability. In particular, size concentration...

Abstract The reduction of adverse health and environmental effects from pesticide use is currently a top priority on the agricultural policy agenda. Efficient policies must take into account farmers’ application behavior, especially economic risk. However, previous results regarding direction risk pesticides are ambiguous. We show that ambiguity in earlier studies could be due to indicator selected. Indicators which fail for heterogeneous properties may inapt interpreting decisions. Our...

In this study, we analyze the impact of agricultural mechanization on local Chinese economy from 2010 to 2020. Findings based panel data and instrumental variable methods show that led a significant decline in gross domestic product. particular, changes sector's production lowers its output value. Agricultural has reduced need for labor such an extent young tend seek jobs non-farming sector, leading fall supply household consumption, adversely affecting development industries service...

Abstract Based on autoregressive (AR) models and Arellano‐Bond dynamic panel estimation, this article analyses profit persistence in the European dairy processing industry. The sample comprises 590 processors from following five countries: Belgium, France, Italy, Spain, United Kingdom. AR indicate that cooperatives which account for around 20% of all firms sector are not primarily oriented. In addition, results point toward a high level competition as is rather low even if excluded. model...

Abstract Despite pleas from international organizations, governments and trade economists to refrain imposing trade‐distorting measures, over 20 countries have implemented bans on the export of agri‐food products since onset COVID‐19 crisis. These prohibitions might adversely impact food security disrupt well‐established global supply chains. We identify importing that could potentially be affected by imposed using a measure their import dependency during pre‐pandemic period illustrate our...

This paper analyzes persistence and the drivers of profitability in US EU food processing using GMM estimations. Due to different firm size structures first comparable samples processors are derived Propensity Score Matching. The results indicate that profit is lower than other manufacturing sectors. Firm‐specific financial risk. Regarding industry characteristics concentration growth rate significantly influence profitability. findings provide insights for management firms aiming enhance...

Abstract We study the profit persistence literature by applying meta‐regression analysis (MRA) to a set of 36 empirical papers, which analyze abnormal firm profits over time. The analyzed provides evidence for mediocre degree in profits. An initial distribution reported estimates reveals some excess variation. This points toward publication bias that favors significant results independent their algebraic sign. MRA, however, is particularly favoring indicate and thus contradict neoclassical...

Since the majority of food waste in high-income countries occurs at consumption stage and given clear trend towards out-of-home consumption, it is important to understand factors that lead hospitality sector. The present study uses a behavioral structural equation model test drivers consumers’ leftover behavior an setting. Based on Theory Planned Behavior, we additionally consider “personal norms” situational “taste perception” as determinants. Our results company canteen demonstrate...

Abstract We analyse the flexibility of EU dairy processors to adjust production fluctuating economic conditions. For a set 2,186 firms, we derive measures representing effect output variations on costs. The results reveal that is highest in Poland and Italy lowest Spain. Several firm-specific factors, such as size age firm, are found affect firm flexibility. Moreover, detect tradeoff between technical efficiency for large firms indicating sole focus can be insufficient. Finally, show during...

Abstract Agricultural insurance is a significant driver of agricultural development worldwide. In this paper, fixed‐effects panel approach and instrumental variable regressions are used to examine the impact on output in China. The study based data from 31 Chinese provinces over period 2004 2018. Findings indicate that led increase aggregate across provinces. results remain robust when potential endogeneity uptake considered. addition, mechanism tests were performed identify channels through...

Abstract The relationship between a firm's markups and its export behavior is highly relevant to individual firms' strategic decisions as well governments' policies regarding competition. We investigate the impact of on resulting intensity in French food processing industry. Moreover, we assess effect entry into remaining market evaluate differences exporters non‐exporters. Our results suggest that higher lead both increased participation greater intensity. In addition, find firms obtain by...

Abstract Food quality and food safety issues arouse increasing interest concern among consumers policy‐makers. Consequently, the importance of country‐of‐origin labelling (COOL) is in business, policy research. Numerous studies have reported a wide range estimates for consumers' willingness‐to‐pay (WTP) COOL using stated preference methods and, particular, discrete choice experiments. We apply meta‐regression analyses to synthesise heterogeneous results 204 WTP extracted from 59 which used...

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Strategic management research has demonstrated the importance of firm- and industry structure as drivers firm profitability. However, less is known about how firms´ geographical locations affect Applying a multi-level approach hierarchical linear modeling we estimated firm-, industry-, region-specific effects on profitability 3,273 agri-food firms operating in different Spanish districts over time span 2006-2013. The results reveal dominance firm-specific which contribute up to 48.8%...

We investigate determinants of dairy producers' risk exposure using a unique combination foci on (i) downside risks, (ii) holistic representation revenues from milk and animal sales, (iii) climatic extremes (iv) the role health. A sample German farms reveals that health heat stress indicators influence mean semi-variance revenues. For instance, reduces expected significantly. In case health-related indicators, our results show trade-offs between risks. Furthermore, variabilities in sales are...

Abstract Objective: To assess and compare the (macro-)nutritional composition of red meat (RM) poultry (PM) products with emerging category substitutes. Design: We use information on nutritional values per 100 g to estimate differences in between RM, PM, vegan substitute (VMS) non-vegan (NVMS) derive six unique product clusters enhance comparability. Setting: Meat markets from five major European countries: France, Germany, UK, Italy Spain. Participants/Data: Product innovation data for 19...

The promotion of meat substitutes to reduce intake is a promising way the environmental and public health externalities consumption while preserving important role taste texture in products. However, market for developing more slowly than expected. Therefore, we analyze factors associated with heterogeneity substitute Germany, country where traditionally plays an role. We use revealed preference data on sales from 1025 individual retailers, sociodemographic data, election results 92 regions...