Examining the Relationship between Social Inefficiency and Financial Performance. Evidence from Wisconsin Dairy Farms
Although social sustainability is an important component of sustainable agricultural production, little research has been conducted to assess social sustainability performance at the farm level. This study measures farmers’ social sustainability performance using (in)efficiency measures derived from...
Gespeichert in:
| Veröffentlicht in: | Sustainability 2021-04, Vol.13 (7), p.3635 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | |
|---|---|
| container_issue | 7 |
| container_start_page | 3635 |
| container_title | Sustainability |
| container_volume | 13 |
| creator | Skevas, Theodoros Skevas, Ioannis Cabrera, Victor E. |
| description | Although social sustainability is an important component of sustainable agricultural production, little research has been conducted to assess social sustainability performance at the farm level. This study measures farmers’ social sustainability performance using (in)efficiency measures derived from a non-parametric dynamic directional distance function approach. It further examines the relationship between social (in)efficiency and financial performance measured by profitability, which is crucial to understand the financial impact of engaging in socially responsible activities. The empirical application focuses on a sample of Wisconsin dairy farms over the period 2007–2017. Results show that sample farms could have (decreased/)increased their social (in)efficiency by an average of 14%. Social (in)efficiency was found to be (negatively/)positively related to farm profitability, implying that social objectives can be achieved in tandem with economic goals. |
| doi_str_mv | 10.3390/su13073635 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2562199651</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2562199651</sourcerecordid><originalsourceid>FETCH-LOGICAL-c295t-6893c410a2461cf07e73699839e30ec7c6ee667f47caf2c6ebe25c4bdc4444cd3</originalsourceid><addsrcrecordid>eNpNUF1LAzEQDKJgqX3xFwR8E07zcZdrHqW2WigofuDjke5tbEovV5M7tf_eaAWdl91hhxl2CDnl7EJKzS5jzyUrpZLFARkIVvKMs4Id_tuPySjGNUuQkmuuBqSffprGeedfabdC-oAb07nWx5Xb0iV2H4iePrbgzIbOPVrrwKGHHTW-pjPnjf853WOwbWgSwws6fXd10iC1oW3oi4uQ_Jyn18aFHZ2Z0MQTcmTNJuLodw7J82z6NLnNFnc388nVIgOhiy5TYy0h58yIXHGwrMT0ndZjqVEyhBIUolKlzUswViS2RFFAvqwhT4BaDsnZ3ncb2rceY1et2z74FFmJQgmutSp4Up3vVRDaGAPaahtcY8Ku4qz6brb6a1Z-AbFAbDg</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2562199651</pqid></control><display><type>article</type><title>Examining the Relationship between Social Inefficiency and Financial Performance. Evidence from Wisconsin Dairy Farms</title><source>MDPI - Multidisciplinary Digital Publishing Institute</source><source>EZB-FREE-00999 freely available EZB journals</source><creator>Skevas, Theodoros ; Skevas, Ioannis ; Cabrera, Victor E.</creator><creatorcontrib>Skevas, Theodoros ; Skevas, Ioannis ; Cabrera, Victor E.</creatorcontrib><description>Although social sustainability is an important component of sustainable agricultural production, little research has been conducted to assess social sustainability performance at the farm level. This study measures farmers’ social sustainability performance using (in)efficiency measures derived from a non-parametric dynamic directional distance function approach. It further examines the relationship between social (in)efficiency and financial performance measured by profitability, which is crucial to understand the financial impact of engaging in socially responsible activities. The empirical application focuses on a sample of Wisconsin dairy farms over the period 2007–2017. Results show that sample farms could have (decreased/)increased their social (in)efficiency by an average of 14%. Social (in)efficiency was found to be (negatively/)positively related to farm profitability, implying that social objectives can be achieved in tandem with economic goals.</description><identifier>ISSN: 2071-1050</identifier><identifier>EISSN: 2071-1050</identifier><identifier>DOI: 10.3390/su13073635</identifier><language>eng</language><publisher>Basel: MDPI AG</publisher><subject>Agricultural economics ; Agricultural production ; Agricultural research ; Agriculture ; Capital assets ; Dairy farming ; Dairy farms ; Decision making ; Economics ; Efficiency ; Employee benefits ; Employment ; Expenditures ; Farmers ; Farmworkers ; Human rights ; Occupational accidents ; Production costs ; Productivity ; Social exchange theory ; Social responsibility ; Society ; Sustainability ; Sustainable agriculture ; Variables ; Working conditions</subject><ispartof>Sustainability, 2021-04, Vol.13 (7), p.3635</ispartof><rights>2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c295t-6893c410a2461cf07e73699839e30ec7c6ee667f47caf2c6ebe25c4bdc4444cd3</citedby><cites>FETCH-LOGICAL-c295t-6893c410a2461cf07e73699839e30ec7c6ee667f47caf2c6ebe25c4bdc4444cd3</cites><orcidid>0000-0003-1739-7457 ; 0000-0003-4595-4396 ; 0000-0002-8695-5195</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,27901,27902</link.rule.ids></links><search><creatorcontrib>Skevas, Theodoros</creatorcontrib><creatorcontrib>Skevas, Ioannis</creatorcontrib><creatorcontrib>Cabrera, Victor E.</creatorcontrib><title>Examining the Relationship between Social Inefficiency and Financial Performance. Evidence from Wisconsin Dairy Farms</title><title>Sustainability</title><description>Although social sustainability is an important component of sustainable agricultural production, little research has been conducted to assess social sustainability performance at the farm level. This study measures farmers’ social sustainability performance using (in)efficiency measures derived from a non-parametric dynamic directional distance function approach. It further examines the relationship between social (in)efficiency and financial performance measured by profitability, which is crucial to understand the financial impact of engaging in socially responsible activities. The empirical application focuses on a sample of Wisconsin dairy farms over the period 2007–2017. Results show that sample farms could have (decreased/)increased their social (in)efficiency by an average of 14%. Social (in)efficiency was found to be (negatively/)positively related to farm profitability, implying that social objectives can be achieved in tandem with economic goals.</description><subject>Agricultural economics</subject><subject>Agricultural production</subject><subject>Agricultural research</subject><subject>Agriculture</subject><subject>Capital assets</subject><subject>Dairy farming</subject><subject>Dairy farms</subject><subject>Decision making</subject><subject>Economics</subject><subject>Efficiency</subject><subject>Employee benefits</subject><subject>Employment</subject><subject>Expenditures</subject><subject>Farmers</subject><subject>Farmworkers</subject><subject>Human rights</subject><subject>Occupational accidents</subject><subject>Production costs</subject><subject>Productivity</subject><subject>Social exchange theory</subject><subject>Social responsibility</subject><subject>Society</subject><subject>Sustainability</subject><subject>Sustainable agriculture</subject><subject>Variables</subject><subject>Working conditions</subject><issn>2071-1050</issn><issn>2071-1050</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNpNUF1LAzEQDKJgqX3xFwR8E07zcZdrHqW2WigofuDjke5tbEovV5M7tf_eaAWdl91hhxl2CDnl7EJKzS5jzyUrpZLFARkIVvKMs4Id_tuPySjGNUuQkmuuBqSffprGeedfabdC-oAb07nWx5Xb0iV2H4iePrbgzIbOPVrrwKGHHTW-pjPnjf853WOwbWgSwws6fXd10iC1oW3oi4uQ_Jyn18aFHZ2Z0MQTcmTNJuLodw7J82z6NLnNFnc388nVIgOhiy5TYy0h58yIXHGwrMT0ndZjqVEyhBIUolKlzUswViS2RFFAvqwhT4BaDsnZ3ncb2rceY1et2z74FFmJQgmutSp4Up3vVRDaGAPaahtcY8Ku4qz6brb6a1Z-AbFAbDg</recordid><startdate>20210401</startdate><enddate>20210401</enddate><creator>Skevas, Theodoros</creator><creator>Skevas, Ioannis</creator><creator>Cabrera, Victor E.</creator><general>MDPI AG</general><scope>AAYXX</scope><scope>CITATION</scope><scope>4U-</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>PIMPY</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><orcidid>https://orcid.org/0000-0003-1739-7457</orcidid><orcidid>https://orcid.org/0000-0003-4595-4396</orcidid><orcidid>https://orcid.org/0000-0002-8695-5195</orcidid></search><sort><creationdate>20210401</creationdate><title>Examining the Relationship between Social Inefficiency and Financial Performance. Evidence from Wisconsin Dairy Farms</title><author>Skevas, Theodoros ; Skevas, Ioannis ; Cabrera, Victor E.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c295t-6893c410a2461cf07e73699839e30ec7c6ee667f47caf2c6ebe25c4bdc4444cd3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Agricultural economics</topic><topic>Agricultural production</topic><topic>Agricultural research</topic><topic>Agriculture</topic><topic>Capital assets</topic><topic>Dairy farming</topic><topic>Dairy farms</topic><topic>Decision making</topic><topic>Economics</topic><topic>Efficiency</topic><topic>Employee benefits</topic><topic>Employment</topic><topic>Expenditures</topic><topic>Farmers</topic><topic>Farmworkers</topic><topic>Human rights</topic><topic>Occupational accidents</topic><topic>Production costs</topic><topic>Productivity</topic><topic>Social exchange theory</topic><topic>Social responsibility</topic><topic>Society</topic><topic>Sustainability</topic><topic>Sustainable agriculture</topic><topic>Variables</topic><topic>Working conditions</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Skevas, Theodoros</creatorcontrib><creatorcontrib>Skevas, Ioannis</creatorcontrib><creatorcontrib>Cabrera, Victor E.</creatorcontrib><collection>CrossRef</collection><collection>University Readers</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Publicly Available Content Database</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><jtitle>Sustainability</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Skevas, Theodoros</au><au>Skevas, Ioannis</au><au>Cabrera, Victor E.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Examining the Relationship between Social Inefficiency and Financial Performance. Evidence from Wisconsin Dairy Farms</atitle><jtitle>Sustainability</jtitle><date>2021-04-01</date><risdate>2021</risdate><volume>13</volume><issue>7</issue><spage>3635</spage><pages>3635-</pages><issn>2071-1050</issn><eissn>2071-1050</eissn><abstract>Although social sustainability is an important component of sustainable agricultural production, little research has been conducted to assess social sustainability performance at the farm level. This study measures farmers’ social sustainability performance using (in)efficiency measures derived from a non-parametric dynamic directional distance function approach. It further examines the relationship between social (in)efficiency and financial performance measured by profitability, which is crucial to understand the financial impact of engaging in socially responsible activities. The empirical application focuses on a sample of Wisconsin dairy farms over the period 2007–2017. Results show that sample farms could have (decreased/)increased their social (in)efficiency by an average of 14%. Social (in)efficiency was found to be (negatively/)positively related to farm profitability, implying that social objectives can be achieved in tandem with economic goals.</abstract><cop>Basel</cop><pub>MDPI AG</pub><doi>10.3390/su13073635</doi><orcidid>https://orcid.org/0000-0003-1739-7457</orcidid><orcidid>https://orcid.org/0000-0003-4595-4396</orcidid><orcidid>https://orcid.org/0000-0002-8695-5195</orcidid><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 2071-1050 |
| ispartof | Sustainability, 2021-04, Vol.13 (7), p.3635 |
| issn | 2071-1050 2071-1050 |
| language | eng |
| recordid | cdi_proquest_journals_2562199651 |
| source | MDPI - Multidisciplinary Digital Publishing Institute; EZB-FREE-00999 freely available EZB journals |
| subjects | Agricultural economics Agricultural production Agricultural research Agriculture Capital assets Dairy farming Dairy farms Decision making Economics Efficiency Employee benefits Employment Expenditures Farmers Farmworkers Human rights Occupational accidents Production costs Productivity Social exchange theory Social responsibility Society Sustainability Sustainable agriculture Variables Working conditions |
| title | Examining the Relationship between Social Inefficiency and Financial Performance. Evidence from Wisconsin Dairy Farms |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-08T11%3A41%3A17IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Examining%20the%20Relationship%20between%20Social%20Inefficiency%20and%20Financial%20Performance.%20Evidence%20from%20Wisconsin%20Dairy%20Farms&rft.jtitle=Sustainability&rft.au=Skevas,%20Theodoros&rft.date=2021-04-01&rft.volume=13&rft.issue=7&rft.spage=3635&rft.pages=3635-&rft.issn=2071-1050&rft.eissn=2071-1050&rft_id=info:doi/10.3390/su13073635&rft_dat=%3Cproquest_cross%3E2562199651%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2562199651&rft_id=info:pmid/&rfr_iscdi=true |