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Role of attitudes in the decision to use futures markets: The case of the London potato futures market

Author

Listed:
  • Christine Ennew

    (Marketing in the School of Management and Finance, University of Nottingham, UK)

  • Wyn Morgan

    (Economics in the Department of Economics, University of Nottingham, UK)

  • Tony Rayner

    (Agricultural Economics in the Department of Economics at the University of Nottingham, UK)

Abstract

Although agricultural futures markets offer a number of potential benefits to users, the extent of trade involvemen in UK futures markets has been less than in comparable markets in the United States. This does not appear to be due to poorer hedging performance. An investigation into patterns of use of the London Potato Futures market suggests that nonusers, and to a lesser extent past users, have negative perceptions of futures trading and it is argued that this operates as a barrier to the more extensive use of futures markets among farmers and merchants. © 1992 John Wiley & Sons, Inc.

Suggested Citation

  • Christine Ennew & Wyn Morgan & Tony Rayner, 1992. "Role of attitudes in the decision to use futures markets: The case of the London potato futures market," Agribusiness, John Wiley & Sons, Ltd., vol. 8(6), pages 561-573.
    • Handle: RePEc:wly:agribz:v:8:y:1992:i:6:p:561-573
    DOI: 10.1002/1520-6297(199211)8:6<561::AID-AGR2720080607>3.0.CO;2-X
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    References listed on IDEAS

    as
    1. C. T. Ennew & C. W. Morgan & A. J. Rayner, 1992. "Objective And Subjective Influences On The Decision To Trade On The London Potato Futures Market," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 160-174, May.
    2. Gray, Roger W. & Rutledge, David J.S., 1971. "The Economics of Commodity Futures Markets: A Survey," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(04), pages 1-52, December.
    3. B.I. Shapiro & B. Wade Brorsen, 1988. "Factors Affecting Farmers' Hedging Decisions," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 10(2), pages 145-153.
    4. Gronroos, Christian, 1990. "Relationship approach to marketing in service contexts: The marketing and organizational behavior interface," Journal of Business Research, Elsevier, vol. 20(1), pages 3-11, January.
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    Cited by:

    1. Joost M. E. Pennings & Matthew T. G. Meulenberg, 1997. "The hedging performance in new agricultural futures markets: A note," Agribusiness, John Wiley & Sons, Ltd., vol. 13(3), pages 295-300.
    2. Elisson Andrade & Fabio Mattos & Roberto Arruda de Souza Lima, 2018. "New Insights on Hedge Ratios in the Presence of Stochastic Transaction Costs," Risks, MDPI, vol. 6(4), pages 1-15, October.
    3. Joost M.E. Pennings & Raymond M. Leuthold, 1999. "Commodity Futures Contract Viability: A Multidisciplinary Approach," Finance 9905002, University Library of Munich, Germany.

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