估算农业合作社合并的潜在收益

IF 2.1 3区经济学 Q2 AGRICULTURAL ECONOMICS & POLICY

Agribusiness Pub Date : 2024-02-04 DOI:10.1002/agr.21907

Eric Ofori, Elizabeth A. Yeager, Brian C. Briggeman

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引用次数: 0

摘要

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]。

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Estimating potential gains from agricultural cooperative mergers

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].

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来源期刊

Agribusiness 农林科学-食品科技

CiteScore

5.50

自引率

6.20%

发文量

审稿时长

6 months

期刊介绍： Agribusiness: An International Journal publishes research that improves our understanding of how food systems work, how they are evolving, and how public and/or private actions affect the performance of the global agro-industrial complex. The journal focuses on the application of economic analysis to the organization and performance of firms and markets in industrial food systems. Subject matter areas include supply and demand analysis, industrial organization analysis, price and trade analysis, marketing, finance, and public policy analysis. International, cross-country comparative, and within-country studies are welcome. To facilitate research the journal’s Forum section, on an intermittent basis, offers commentary and reports on business policy issues.