Agricultural Economics, 2022 (vol. 68), issue 3
Examining drivers and outcomes of corporate social responsibility in agri-food firmsOriginal Paper
Antonio Martos-Pedrero, David Jiménez-Castillo, Francisco Joaquín Cortés-García
Agric. Econ. - Czech, 2022, 68(3):79-86 | DOI: 10.17221/398/2021-AGRICECON 
This study attempts to contribute to the debate on the impact of corporate social responsibility (CSR) on the financial performance (FP), image and reputation (IR) of agri-food firms, examining whether the legal form of organization (LFO) (cooperatives vs. capital firms) moderates these relationships. To this aim, we also consider the potential effects of two scarcely investigated factors that can determine firms' CSR orientation, that is, the capacity to absorb CSR-related knowledge and the perception that managers have of ethics and social responsibility. Using data from a sample of 107 trading firms in the agri-food sector in Almeria (Spain),...
Measuring the risk-adjusted performance of selected soft agricultural commoditiesOriginal Paper
Dejan ®ivkov, Boris Kuzman, Jonel Subiæ
Agric. Econ. - Czech, 2022, 68(3):87-96 | DOI: 10.17221/298/2021-AGRICECON
In this paper, we used several elaborate return-to-risk methods to investigate the risk-adjusted performances of five soft commodities. Regarding only the level of risk, we found that cocoa had the highest risk of losses, followed by orange juice. Cotton and coffee had the lowest risk of losses. However, according to the return-to-risk output, cotton was the worst asset in which to invest because it had negative average returns. In contradistinction, sugar had a relatively high risk of losses but also the highest average returns, which put it in the first place according to the Sharpe, Sortino and modified Sharpe ratios. Although orange juice had the...
The relationships between productivity, operational risk, and firm performanceOriginal Paper
Chunhsin Chou, Joeming Lee, Yingmaw Teng, Hsiuling Lee
Agric. Econ. - Czech, 2022, 68(3):97-106 | DOI: 10.17221/222/2021-AGRICECON
The aim of this study was to revisit the relationship between productivity and performance by using the panel data model on Taiwanese food listed firms during 2008-2020. The result found that there is a U-shaped relationship between productivity and performance. On the contrary, research and development (R&D) innovation and performance have an inverse U-shaped relationship, reminding that when the food listed firms have a specific R&D innovation base, they should invest more powerful resources, professional productivity, and innovate the food listed firms.
Convergence of prices on the pig market in selected European Union countries. Case studyCase Study
Agnieszka T³uczak
Agric. Econ. - Czech, 2022, 68(3):107-115 | DOI: 10.17221/342/2021-AGRICECON
Due to its specificity, animal production depends to a lesser extent than plant production on agrometeorological conditions. Interdependence between the prices of animal products and climatic conditions manifests itself primarily through the fodder markets, which determine the profitability of animal breeding and keeping. The process of economic integration should contribute to a decline in price differentiation between European Union (EU) countries. In the case of the pig market, however, it is necessary to bear in mind the pig cycle, which particularly affects the supply of livestock and their prices. The Common Agricultural Policy (CAP) currently...