Estimating potential gains from agricultural cooperative mergers

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Eric Ofori, Elizabeth A. Yeager, Brian C. Briggeman
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引用次数: 0

Abstract

This study uses an ex ante data envelopment analysis approach to examine potential gains that US agricultural cooperatives may accrue from mergers. Empirical estimations utilize data from CoBank, a lender to cooperatives, consisting of 749 midwestern agricultural cooperative observations from 2011 to 2015. Potential overall merger effects are decomposed into learning effects, scope effects, and scale effects. Findings show that less other unique merger costs such as legal fees, there are significant overall potential gains in profits from mergers. Relatively smaller merged cooperatives will accrue more gains in profits compared with their larger counterparts [EconLit Citations: Q13, D20, G34].
估算农业合作社合并的潜在收益
本研究采用事前数据包络分析方法,考察美国农业合作社可能从兼并中获得的潜在收益。实证估计利用了合作社贷款机构 CoBank 的数据,其中包括 2011 年至 2015 年期间 749 个中西部农业合作社的观测数据。潜在的整体合并效应被分解为学习效应、范围效应和规模效应。研究结果表明,除去法律费用等其他独特的合并成本,合并带来的整体潜在利润收益非常可观。与规模较大的合作社相比,规模相对较小的合并合作社将获得更多的利润收益[经济学引文:Q13, D20, G34]。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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