IDEAS home Printed from https://ideas.repec.org/p/ags/ifma13/345706.html
   My bibliography  Save this paper

PR - Risk Adjusted Cost Efficiency Indices

Author

Listed:
  • Yeager, Elizabeth
  • Langemeier, Michael

Abstract

This paper examines the impact of downside risk on cost efficiency for a sample of farms. Cost efficiency was estimated using traditional input and output measures, and then re-estimated including each farm’s downside risk score. Comparisons were made with and without a change in efficiency when each farm’s downside risk score was included in the analysis. As expected, downside risk plays an important role in explaining farm inefficiency. Failure to account for downside risk overstates inefficiency, particularly for farms with low downside risk scores.

Suggested Citation

  • Yeager, Elizabeth & Langemeier, Michael, 2013. "PR - Risk Adjusted Cost Efficiency Indices," 19th Congress, Warsaw, Poland, 2013 345706, International Farm Management Association.
    • Handle: RePEc:ags:ifma13:345706
    DOI: 10.22004/ag.econ.345706
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/345706/files/13_YeagerLangemeier_P206-212v2.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.345706?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shadbolt, Nicola M. & Olubode-Awosola, Femi, 2016. "Resilience, Risk and Entrepreneurship," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(2), pages 1-20, May.

    More about this item

    Keywords

    Agricultural Finance; Risk and Uncertainty;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifma13:345706. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifmaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.