Diversification and resilience of firms in the agrifood supply chain

IF 4.2 2区经济学 Q1 AGRICULTURAL ECONOMICS & POLICY

American Journal of Agricultural Economics Pub Date : 2023-03-22 DOI:10.1111/ajae.12398

Andrew W. Stevens, Jim Teal

引用次数: 0

Abstract

Are diversified firms more resilient to negative market shocks than specialized firms? We answer this question in the context of the COVID-19 pandemic by analyzing data from small- and medium-sized firms in the U.S. agrifood supply chain. We first develop revenue-based measures of firms' vertical (across supply-chain segment) and horizontal (within supply-chain segment) diversification. We then compare post pandemic outcomes of more diversified and less diversified firms using several inverse-probability weighting techniques. We find that vertical diversification reduces firms' resilience, whereas horizontal diversification increases firms' resilience.

Abstract Image

查看原文本刊更多论文

农业食品供应链中企业的多元化和弹性

多元化企业是否比专业化企业更能抵御负面市场冲击？在 COVID-19 大流行的背景下，我们通过分析美国农产食品供应链中的中小型企业的数据来回答这个问题。我们首先对企业的纵向（跨供应链环节）和横向（供应链环节内部）多样化制定了基于收入的衡量标准。然后，我们使用几种反概率加权技术比较了多样化程度较高和较低的公司在大流行后的结果。我们发现，纵向多样化会降低企业的抗灾能力，而横向多样化则会提高企业的抗灾能力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

American Journal of Agricultural Economics 管理科学-农业经济与政策

CiteScore

9.10

自引率

4.80%

发文量

审稿时长

12-24 weeks

期刊介绍： The American Journal of Agricultural Economics provides a forum for creative and scholarly work on the economics of agriculture and food, natural resources and the environment, and rural and community development throughout the world. Papers should relate to one of these areas, should have a problem orientation, and should demonstrate originality and innovation in analysis, methods, or application. Analyses of problems pertinent to research, extension, and teaching are equally encouraged, as is interdisciplinary research with a significant economic component. Review articles that offer a comprehensive and insightful survey of a relevant subject, consistent with the scope of the Journal as discussed above, will also be considered. All articles published, regardless of their nature, will be held to the same set of scholarly standards.