IDEAS home Printed from https://ideas.repec.org/p/ags/ugeofs/137096.html
   My bibliography  Save this paper

The effect of the Eurozone crisis on U.S. food companies

Author

Listed:
  • Epperson, James E.
  • Escalante, Cesar L.

Abstract

From the beginning of 2011 to the middle of 2012 the U.S. stock market did not generally perform well. This subpar performance has been largely attributed by the business media to the Eurozone crisis. The purpose of this paper is to determine the extent to which the values of U.S. food companies are related to the Eurozone crisis. The stock prices of nine well-known U.S. food companies and the S&P index are regressed, using a system of equations approach, against a set of variables accounting for profitability and the economic wellbeing of the Eurozone and the United States. Based on the findings of this study it would seem that the U.S. stock market, including food companies, is primarily affected by the wellbeing of the U.S. economy as opposed to that of the EU.

Suggested Citation

  • Epperson, James E. & Escalante, Cesar L., 2012. "The effect of the Eurozone crisis on U.S. food companies," Faculty Series 137096, University of Georgia, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:ugeofs:137096
    DOI: 10.22004/ag.econ.137096
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/137096/files/FS%2012-01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.137096?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:

    References listed on IDEAS

    as
    1. Schnitkey, Gary & Kramer, Clayton, 2012. "Performance of Publicly Traded Agricultural Companies Since 2000: Construction of the Aglndex," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(3), pages 359-369, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Metin Atmaca & Engin Demirel, 2017. "Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 537-541.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brorsen, B. Wade, 2012. "Discussion: Agricultural Commodities and Agribusiness Stocks as Financial Assets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(3), pages 397-399, August.
    2. Songjiao Chen & William W. Wilson & Ryan Larsen & Bruce Dahl, 2015. "Investing in Agriculture as an Asset Class," Agribusiness, John Wiley & Sons, Ltd., vol. 31(3), pages 353-371, June.
    3. Deák, Zsuzsanna & Karali, Berna, 2014. "Stock Market Reactions to Environmental News in the Food Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 46(2), pages 209-225, May.

    More about this item

    Keywords

    Financial Economics; International Relations/Trade;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ugeofs:137096. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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/daugaus.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.