Agency Theory Issues in the Food Processing Industry

The objective is to identify significant determinants of performance for food processing firms over the 1992 to 2003 time period, focusing particularly on the issue of family control. Variables measuring firm effects such as asset size, governance, income distribution, and risk are used to explain r...

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Veröffentlicht in:Journal of agricultural and applied economics 2008-08, Vol.40 (2), p.623-634
Hauptverfasser: Boland, Michael A., Golden, Bill B., Tsoodle, Leah J.
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container_title Journal of agricultural and applied economics
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creator Boland, Michael A.
Golden, Bill B.
Tsoodle, Leah J.
description The objective is to identify significant determinants of performance for food processing firms over the 1992 to 2003 time period, focusing particularly on the issue of family control. Variables measuring firm effects such as asset size, governance, income distribution, and risk are used to explain return on equity. This study builds upon previous research by including a measure of income distribution in the food processing industry. Governance variables are found to be significant determinants of return on equity. The results found no evidence of agency problems in family-controlled firms during this time period.
doi_str_mv 10.1017/S1074070800023890
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source AgEcon; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals
subjects Agency theory
agribusiness
Beverage industry
Corporate profits
Costs
D23
Debt financing
Debt management
Decision making
Economics
Efficiency
Equity
Food processing industry
G34
Income distribution
institutional economics
organizational economics
Organizational structure
Profitability
Q13
Q14
Return on equity
Shareholder voting
Stockholders
title Agency Theory Issues in the Food Processing Industry
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