Agricultural Economics, 2023 (vol. 69), issue 4
The impact of geopolitical risk on agricultural commodity pricesOriginal Paper
Kristína Hudecová, Miroslava Rajèániová
Agric. Econ. - Czech, 2023, 69(4):129-139 | DOI: 10.17221/374/2022-AGRICECON 
The escalation of the conflict between Russia and Ukraine had a detrimental effect on the global agricultural and food market and the price movements of essential commodities. In this study, we aim to investigate the effects of geopolitical risk on the prices of selected agricultural and food commodities using the linear and nonlinear ARDL (autoregressive distributed lag) model. Our results show evidence of the asymmetric impact of geopolitical risk on the prices of rapeseed, sugar, sunflower oil, and wheat. The findings also show no long-term link between geopolitical risk and corn, cotton, lumber, milk, oats, rough rice, and soybean prices.
The impacts of agricultural subsidies of Common Agricultural Policy on agricultural emissions: The case of the European UnionOriginal Paper
Jeremiás Máté Balogh
Agric. Econ. - Czech, 2023, 69(4):140-150 | DOI: 10.17221/51/2023-AGRICECON
Agriculture is one of the main contributors to carbon emissions and is also significantly affected by changing climate. This article investigates the impacts of agricultural support on greenhouse gas emissions (GHG) from agriculture in the European Union. Panel regression models were used to examine the influence of subsidies in the Common Agricultural Policy (CAP) on reducing GHGs from agriculture. First, estimates show that direct agricultural subsidies encouraged agricultural-related carbon emissions. Second, the study concludes that the expansion of organic agriculture and the rural development expenditures contributed to emissions reduction...
Corporate governance, ownership concentration and performance of European agricultural companies: New empirical evidenceOriginal Paper
Graþiela Georgiana Noja, Mirela Cristea, Nicoleta Sîrghi, Oana-Ramona Socoliuc Gurițã, Ioana Vãdãsan, Daniel Cîrciumaru
Agric. Econ. - Czech, 2023, 69(4):151-161 | DOI: 10.17221/78/2023-AGRICECON
Considering the relevance of the agricultural sectors for the European countries' development, but also the volatile features of agriculture, with unforeseen risks induced by climate, ensuring durable economic progress is foremost for the companies. This paper aims to assess the associations of the key parties in corporate governance (directors, managers, advisers, and shareholders), employees and the independence level with the main outcomes and capacity/size of the European companies operating in agriculture, fishing, and aquaculture activities. Using a newly compiled and complex dataset of 3 184 active companies from Europe, provided...
Network-based business model in the agri-food sector: A case study of Green FingersCase Study
Sagit Barel-Shaked
Agric. Econ. - Czech, 2023, 69(4):162-170 | DOI: 10.17221/2/2023-AGRICECON
Globalisation and reduced trade barriers have created a competitive business environment, requiring agri-food firms to adopt a new innovative perspective. This research study examines a network-based business model of a new venture offering services to avocado farmers and its potential impact on customer performance. A theoretical framework of a network-based business model in the agri-food sector was developed and implemented in the production of avocados. The Israeli agri-food firm, Green Fingers, was selected as the case study to analyse the value drivers of the network-based business model. The proposed business model can serve as a benchmark in evaluating...