| Autor: |
Job Lagat, Gideon A. Obare, N. Kibet |
| Rok vydání: |
2018 |
| Předmět: |
|
| Zdroj: |
Journal of Behavioral and Experimental Finance. 18:18-29 |
| ISSN: |
2214-6350 |
| DOI: |
10.1016/j.jbef.2018.01.003 |
| Popis: |
Knowledge on the link between French beans farmers’ attitudes toward risks and Global-GAP compliance decisions is limited in Kenya. A social experiment (Lottery games involving real pay-offs) was implemented on 119 randomly selected farmers to solicit risk attitudes and Binary Logit Model to determine the effect of risk attitudes on compliance decisions. Majority of non-certified farmers (24 percent) were risk averse relative to certified farmers (4.3). Non-certified farmers were more averse towards losses ( p = 0 . 062 | M D = 0 . 50 ) . Farmer’s probability weighting ( p = 0 . 046 ) , aversion to loss ( p = 0 . 094 ) , contract farming ( p = 0 . 000 ) and daily household expenditure per adult equivalent significantly and negatively affected compliance decisions while risk aversion ( p = 0 . 081 ) , annual asset value ( p = 0 . 092 ) and acreage under French beans ( p = 0 . 033 ) significantly and positively affected compliance decisions. The results suggest that crop insurance and affordable credit is important in mitigation of potential production and marketing risks in French bean farming. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect