Diversification and resilience of firms in the agrifood supply chain
Are diversified firms more resilient to negative market shocks than specialized firms? We answer this question in the context of the COVID‐19 pandemic by analyzing data from small‐ and medium‐sized firms in the U.S. agrifood supply chain. We first develop revenue‐based measures of firms' vertic...
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| Veröffentlicht in: | American journal of agricultural economics 2024-03, Vol.106 (2), p.739-778 |
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| container_title | American journal of agricultural economics |
| container_volume | 106 |
| creator | Stevens, Andrew W. Teal, Jim |
| description | Are diversified firms more resilient to negative market shocks than specialized firms? We answer this question in the context of the COVID‐19 pandemic by analyzing data from small‐ and medium‐sized firms in the U.S. agrifood supply chain. We first develop revenue‐based measures of firms' vertical (across supply‐chain segment) and horizontal (within supply‐chain segment) diversification. We then compare post pandemic outcomes of more diversified and less diversified firms using several inverse‐probability weighting techniques. We find that vertical diversification reduces firms' resilience, whereas horizontal diversification increases firms' resilience. |
| doi_str_mv | 10.1111/ajae.12398 |
| format | Article |
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We find that vertical diversification reduces firms' resilience, whereas horizontal diversification increases firms' resilience.</description><subject>Agribusiness</subject><subject>Agricultural production</subject><subject>agrifood supply chain</subject><subject>Companies</subject><subject>COVID-19</subject><subject>Diversification</subject><subject>Pandemics</subject><subject>Resilience</subject><subject>Segments</subject><subject>Supply</subject><subject>Supply chains</subject><subject>Weighting</subject><issn>0002-9092</issn><issn>1467-8276</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><recordid>eNp90E1LAzEQBuAgCtbqxV8Q8CZszST7kT2Wtn5R8KLnkKYTm7JN1qSr9N-7dQVvzmUYeHgHXkKugU2gnzu91TgBLmp5QkaQl1UmeVWekhFjjGc1q_k5uUhp258Majki87n7xJicdUbvXfBU-zWNmFzj0BukwVLr4i5R5-l-g1S_R2dDWNPUtW1zoGajnb8kZ1Y3Ca9-95i83S9eZ4_Z8uXhaTZdZibnlcywMBw1z6u8KAtEloNZCSNR6pUV5UoXVshSVpxLw8BI0AUHAz20UGsOUozJzZDbxvDRYdqrbeii718qXvMKmGBC9Op2UCaGlCJa1Ua30_GggKljS-rYkvppqcd0wGiCd-mPyhpYUUhZ9QQG8uUaPPwTpqbP08UQ-w05j3NZ</recordid><startdate>202403</startdate><enddate>202403</enddate><creator>Stevens, Andrew W.</creator><creator>Teal, Jim</creator><general>Wiley Periodicals, Inc</general><general>Blackwell Publishing Ltd</general><scope>24P</scope><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>8BJ</scope><scope>C1K</scope><scope>FQK</scope><scope>JBE</scope><scope>SOI</scope></search><sort><creationdate>202403</creationdate><title>Diversification and resilience of firms in the agrifood supply chain</title><author>Stevens, Andrew W. ; Teal, Jim</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4278-e5c2ea2474565ee041cb3c8e8abf36ba5f38687228c01c81a521c1ee0f19a2183</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2024</creationdate><topic>Agribusiness</topic><topic>Agricultural production</topic><topic>agrifood supply chain</topic><topic>Companies</topic><topic>COVID-19</topic><topic>Diversification</topic><topic>Pandemics</topic><topic>Resilience</topic><topic>Segments</topic><topic>Supply</topic><topic>Supply chains</topic><topic>Weighting</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Stevens, Andrew W.</creatorcontrib><creatorcontrib>Teal, Jim</creatorcontrib><collection>Wiley Online Library Open Access</collection><collection>ECONIS</collection><collection>CrossRef</collection><collection>Environment Abstracts</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Environmental Sciences and Pollution Management</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>Environment Abstracts</collection><jtitle>American journal of agricultural economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Stevens, Andrew W.</au><au>Teal, Jim</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Diversification and resilience of firms in the agrifood supply chain</atitle><jtitle>American journal of agricultural economics</jtitle><date>2024-03</date><risdate>2024</risdate><volume>106</volume><issue>2</issue><spage>739</spage><epage>778</epage><pages>739-778</pages><issn>0002-9092</issn><eissn>1467-8276</eissn><abstract>Are diversified firms more resilient to negative market shocks than specialized firms? 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| ispartof | American journal of agricultural economics, 2024-03, Vol.106 (2), p.739-778 |
| issn | 0002-9092 1467-8276 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete |
| subjects | Agribusiness Agricultural production agrifood supply chain Companies COVID-19 Diversification Pandemics Resilience Segments Supply Supply chains Weighting |
| title | Diversification and resilience of firms in the agrifood supply chain |
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