東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Measuring the impact of integration ...

Dorsey, Sarah Gayle.

Linked to FindBook

Google Book

Amazon

博客來

Measuring the impact of integration and diversification on firm value in the food industry.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Measuring the impact of integration and diversification on firm value in the food industry./
Author:	Dorsey, Sarah Gayle.
Description:	122 p.
Notes:	Source: Dissertation Abstracts International, Volume: 67-12, Section: A, page: 4635.
Contained By:	Dissertation Abstracts International67-12A.
Subject:	Economics, Agricultural. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3244658

Measuring the impact of integration and diversification on firm value in the food industry.
Dorsey, Sarah Gayle.

Measuring the impact of integration and diversification on firm value in the food industry. - 122 p.

Source: Dissertation Abstracts International, Volume: 67-12, Section: A, page: 4635.

Thesis (Ph.D.)--Kansas State University, 2006.

The strategic decision a firm makes in determining where to set its vertical and horizontal boundaries is a widely discussed topic in the literature. This strategic decision can include vertical integration, horizontal integration and diversification outside of the food economy. These activities can impact a firm in different ways.Subjects--Topical Terms:

626648
Economics, Agricultural.

Measuring the impact of integration and diversification on firm value in the food industry.
LDR:03365nmm 2200301 4500 001 1834031
005 20071112134954.5
008 130610s2006 eng d
035 $a (UMI)AAI3244658
035 $a AAI3244658
040 $a UMI $c UMI
100 1 $a Dorsey, Sarah Gayle. $3 1922706
245 1 0 $a Measuring the impact of integration and diversification on firm value in the food industry.
300 $a 122 p.
500 $a Source: Dissertation Abstracts International, Volume: 67-12, Section: A, page: 4635.
500 $a Adviser: Michael Boland.
502 $a Thesis (Ph.D.)--Kansas State University, 2006.
520 $a The strategic decision a firm makes in determining where to set its vertical and horizontal boundaries is a widely discussed topic in the literature. This strategic decision can include vertical integration, horizontal integration and diversification outside of the food economy. These activities can impact a firm in different ways.
520 $a The objective of this research is to determine whether food economy firms pursuing diversification or integration are valued lower or higher as a whole than the sum of their individual segments. This is commonly referred to as a premium or discount. The hypothesis is that a premium exists for food economy firms that pursue integration activities and a discount exists for food economy firms that pursue diversification activities. Four separate food economy sectors are used in the analysis: food processing, wholesale grocery, retail supermarkets, and restaurants.
520 $a To determine whether a premium or discount exists for integration or diversification, an excess value calculation method is used which compares the actual value of a firm to the imputed value of all of the segments of a firm. This excess value is then used in a seemingly unrelated regression (SUR) framework to determine how certain firm characteristics influence firm value. But, these firm effects may both lead a firm to diversify or integrate and affect firm value. This would incorrectly attribute a premium or discount to the diversification or integration itself and not the underlying firm characteristics that caused the firm to pursue such a strategy. To account for these underlying firm and industry characteristics, Heckman's two-stage procedure is used to control for the self-selection of firms that diversify.
520 $a The SUR results indicate that the hypothesis that integration leads to a premium for food economy firms cannot be rejected for the restaurant sector and for the processing sector except in the case of vertical integration into retail. The endogeneity tests indicate that, in most cases, the diversification or integration decisions are endogenous meaning that the firm effects that cause firms to diversify or integrate are positively or negatively correlated with firm value. In the cases of vertical integration into wholesale in the processing and restaurant sectors and unrelated diversification in the restaurant sector, including a self selection parameter makes the premiums found using SUR become discounts.
590 $a School code: 0100.
650 4 $a Economics, Agricultural. $3 626648
650 4 $a Economics, Commerce-Business. $3 626649
690 $a 0503
690 $a 0505
710 2 0 $a Kansas State University. $3 1017593
773 0 $t Dissertation Abstracts International $g 67-12A.
790 1 0 $a Boland, Michael, $e advisor
790 $a 0100
791 $a Ph.D.
792 $a 2006
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3244658