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Do Agricultural Commodity Firm Stock Price and Agricultural Commodity Price Move Together?

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  • Declerck, Francis

Abstract

The research aims at explaining stock performance of processing companies as a function of commodity performance on commodity markets. The results show that stock prices of food companies do not significantly depend on agricultural market prices. So, risks of agricultural market price volatility cannot be hedged using food firm stocks, whose markets are more liquid.

Suggested Citation

  • Declerck, Francis, 2014. "Do Agricultural Commodity Firm Stock Price and Agricultural Commodity Price Move Together?," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 5(3), pages 1-10, November.
    • Handle: RePEc:ags:ijofsd:198962
    DOI: 10.22004/ag.econ.198962
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    References listed on IDEAS

    as
    1. Amir Kia, 2003. "Forward-looking agents and macroeconomic determinants of the equity price in a small open economy," Applied Financial Economics, Taylor & Francis Journals, vol. 13(1), pages 37-54.
    2. J. S. Shonkwiler & T. G. Taylor, 1988. "Food Processor Price Behavior: Firm-Level Evidence of Sticky Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 239-244.
    3. Christophe Bontemps & Valérie Orozco & Vincent Réquillart, 2008. "Private Labels, National Brands and Food Prices," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 33(1), pages 1-22, August.
    4. repec:bla:jfinan:v:53:y:1998:i:3:p:1015-1052 is not listed on IDEAS
    5. Zijun Wang & Victoria Salin & Neal Hooker & David Leatham, 2002. "Stock market reaction to food recalls: a GARCH application," Applied Economics Letters, Taylor & Francis Journals, vol. 9(15), pages 979-987.
    6. Christian, Thomas & Rashad, Inas, 2009. "Trends in U.S. food prices, 1950-2007," Economics & Human Biology, Elsevier, vol. 7(1), pages 113-120, March.
    7. Cecchetti, Stephen G., 1986. "The frequency of price adjustment : A study of the newsstand prices of magazines," Journal of Econometrics, Elsevier, vol. 31(3), pages 255-274, April.
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    Cited by:

    1. Leung, Henry & Furfaro, Frank, 2020. "Comovement of dairy product futures and firm value: returns and volatility," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), July.
    2. Henry Leung & Frank Furfaro, 2020. "Comovement of dairy product futures and firm value: returns and volatility," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), pages 632-654, July.

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