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Persistence of Profitability in Family-Owned Food Businesses

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  • Boland, Michael A.
  • Pendell, Dustin L.

Abstract

We examine firm profitability in the food economy and determine the source of variance of firm profitability in family-owned and non-family-owned food processing firms. The results indicate firm effects dominate in explaining the variance in the business-segment performance in the food economy. More specifically, we find family-owned firms compared to non-family-owned firms have a higher percentage of total variance in the business-segment performance explained by yearly effects, industry effects, and firm effects for both the random-effects and fixed-effects models.

Suggested Citation

  • Boland, Michael A. & Pendell, Dustin L., 2005. "Persistence of Profitability in Family-Owned Food Businesses," 2005 Annual meeting, July 24-27, Providence, RI 19216, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19216
    DOI: 10.22004/ag.econ.19216
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    References listed on IDEAS

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    Cited by:

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    2. Mutonyi, Sarah & Gyau, Amos, 2014. "Measuring performance of small and medium scale agrifood firms in developing countries: Gap between Theory and Practice," 140th Seminar, December 13-15, 2013, Perugia, Italy 163339, European Association of Agricultural Economists.
    3. Lu Lin Zhou & James Onuche Ayegba & Emmanuel Onu Ayegba & Peace Maina Ayegba & Zhang Xin Jie, 2021. "Impact of dynamic capacities on the performance of food and beverage enterprises in Lagos, Nigeria," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-24, December.

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