|
AgEcon Search >
International Food and Agribusiness Management Review >
Volume 01, Issue 01, 1998 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/34310
|
| Title: | MACROECONOMIC CONDITIONS AND AGRIBUSINESS PROFITABILITY: AN ANALYSIS USING POOLED DATA |
| Authors: | Neibergs, J. Shannon |
| Issue Date: | 1998 |
| Abstract: | Theoretical and empirical insights into the linkages between firm profitability and macroeconomic conditions are developed for nineteen agribusinesses. The hypothesis investigated in this analysis is that firm financial performance is a function of firm specific factors and macroeconomic conditions common to all firms. Seemingly unrelated regression with an unequal number of observations is used to estimate macroeconomic linkages. Empirical results indicate that macroeconomic conditions have differing affects on firm profitability dependent on a firms financial structure and the market segment in which it operates. Capital intensive industries and highly leveraged firms have higher business risk and are more susceptible to macroeconomic conditions. |
| URI: | http://purl.umn.edu/34310 |
| Institution/Association: | International Food and Agribusiness Management Review>Volume 01, Issue 01, 1998 |
| Total Pages: | 15 |
| Language: | English |
| From Page: | 91 |
| To Page: | 105 |
| Collections: | Volume 01, Issue 01, 1998
|
Files in This Item:
| File |
Size | Format |
|---|
| 01010091.pdf | 723Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
