Growth Dynamics of Dairy Processing Firms in the European Union
| Autor: | Cornelis Gardebroek, Kedir N. Turi, Jo H.M. Wijnands |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2010 |
| Předmět: |
Economics and Econometrics
Labour economics Process (engineering) Bedrijfseconomie Dairy industry WASS panel-data size models Business Economics markets Economics Agricultural Economics and Rural Policy media_common.cataloged_instance Life Science Endogeneity European union Market share Productivity Industrial organization media_common Estimation industry Agrarische Economie en Plattelandsbeleid liquidity constraints EU dairy processing industry dynamic panel data firm growth Agribusiness Agricultural Finance Industrial Organization MGS tests LEI INT BELEID - Internationale Handel & Markten Agronomy and Crop Science Panel data |
| Zdroj: | Agricultural Economics 41 (2010) 3-4 Agricultural Economics, 41(3-4), 285-291 |
| ISSN: | 0169-5150 |
| Popis: | The structure of the dairy processing industry in the European Union has changed enormously in recent decades. In many countries, the industry is characterized by a few large companies with a big market share accompanied by many small processors that often produce for niche markets. This article investigates which factors relate to growth of dairy processing firms. Using a unique 10-year panel data set and recently developed dynamic panel data estimators, the growth process of dairy processors is investigated for six rather diverse European countries. The data structure and the estimation method allow for dealing with endogeneity issues in an appropriate way. Firm size growth measured in total assets is found to be affected by firm size, firm age, and financial variables. Growth in number of employees is only affected by firm age and lagged labor productivity. Implications for these results are given in the final section of the article |
| Databáze: | OpenAIRE |
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