Risk Costs and the Choice of Market Return Index

Autor:	Koffi N. Amegbeto, Allen M. Featherstone
Jazyk:	angličtina
Rok vydání:	1992
Předmět:	risk costs single index model systematic risk Agriculture
Zdroj:	Journal of Agricultural and Resource Economics, Vol 17, Iss 1, Pp 80-87 (1992)
Druh dokumentu:	article
ISSN:	1068-5502 2327-8285
DOI:	10.22004/ag.econ.30732
Popis:	Six measures of returns are used to estimate the most "appropriate" market index for southeast Kansas farms. Results suggest that localized indices are more appropriate than state indices for use as the market index. The appropriate index was used to estimate systematic and nonsystematic risk and risk costs for farm planning. Estimated risks depend on the choice of market index, whereas risk costs depend on the index choice and the risk aversion are considered. More risk-averse specialized farmers are not completely compensated for risk.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/c2b12be88e1a4ef39a589a6f3d7acd55 Zobrazit plný text záznamu View record in DOAJ