Managerial Performance and Income Variability for a Sample of Illinois Cash Grain Producers

Sonka, Steven T.; Hornbaker, Robert H.; Hudson, Michael A.

doi:10.1093/aepp/11.1.39

Cited by 32 publications

(12 citation statements)

References 2 publications

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“…Since Patrick and Eisgruber (1968) showed that managerial skill leads to firm growth and superior performance, researchers have attempted to shed more light on exactly how managerial skill influences firm performance (Sonka et al 1989;Nuthall 2006;Nuthall 2009). Managerial skill is a function of the characteristics of the manager, including experience and education (Nuthall 2009), along with the knowledge of market dynamics facing the manager (Day 1994;Barney et al 2001).…”

Section: Previous Literaturementioning

confidence: 99%

The Effect of Market Orientation on Learning, Innovativeness, and Performance in Primary Agriculture

Micheels

Gow

2014

Canadian J Agri Economics

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Market awareness and innovativeness are important resources in any business environment. As customer needs and competitor responses change, performance may depend on the ability for firms to recognize and react to market shifts. Using survey data from beef farmers in Illinois, we examine the role market orientation, organizational learning, and innovativeness play on satisfaction with performance. We use a structural equation model to find that market-oriented and innovative firms are more satisfied with their performance while controlling for structural and demographic variables. Results also show that while market-oriented firms are more innovative, human capital resources moderate the ability to exploit innovations. We also find that an increase in experience correlates with less organizational learning. La connaissance du marché et l'esprit d'innovation constituent deuxéléments importants de tout environnement commercial. Compte tenu du fait que les besoins des consommateurs et les réactions des concurrentsévoluent, la performance des entreprises peutêtre sensibleà leur capacitéà identifier et a réagir aux facteurs influençant le marché.À l'aide des données d'une enquête réalisée auprès de producteurs de bovins de boucherie de l'Illinois, nous avons examiné le rôle du suivi du marché, de l'apprentissage organisationnel et de l'esprit d'innovation sur la satisfaction quant au rendement.À l'aide de la modélisation paréquations structurelles et en tenant compte des variables démographiques, nous avons déterminé que les entreprises qui font un suivi plus serré du marché et qui sont plus innova-trices sont plus satisfaites de leur rendement. Les résultats de notre analyse montrent que, malgré le fait que les entreprises qui font un suivi plus serré du marché soient aussi plus innovatrices, les dotations en capital humain réduisent la capacitéà exploiter les innovations. Nous avonségalement observé qu'une augmentation de l'expérience se traduit par une diminution de l'apprentissage organisationnel.

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Section: Previous Literaturementioning

confidence: 99%

The Effect of Market Orientation on Learning, Innovativeness, and Performance in Primary Agriculture

Micheels

Gow

2014

Canadian J Agri Economics

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“…The magnitude of this statistic is reasonably high because of the cross-sectional nature of the data. According to Sonka, Hornbaker, and Hudson (1989), obtaining the McFadden pseudo-R 2 in the range of 0.2 to 0.4 is typical in the case of qualitative choice models. The pseudo-R 2 , proposed by McKelvey and Zavoina (1975), which is considered to be the best measure to use for binary choice models [Windmeijer (1995)], is calculated to be 0.39.…”

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confidence: 99%

A Probit Analysis of the Incidence of the Cotton Leaf Curl Virus in Punjab, Pakistan

Ahmad¹,

Battese²

2022

pdr

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Factors affecting the incidence of the cotton leaf curl virus (CLCV) in Punjab, Pakistan are investigated using a probit model. The results indicate that the history of a cotton variety grown on the farm, better land preparation before sowing, and use of pesticides and phosphorus fertiliser significantly reduce the probability of incidence of the CLCV disease. The farmers having greater areas under cotton are less likely to be affected by the disease. Fields of the more experienced farmers, who have greater years of formal education, are also less likely to be affected, because these farmers are believed to be better managers. However, the probability of damage was positively related to age of the farmer, which implies that the aged farmers have less managerial capabilities. The intensity of the disease varied from district to district and also from variety to variety. Use of greater amounts of nitrogenous fertiliser, more severe insect attacks, and late sowing of the cotton crop significantly increase the incidence of the CLCV disease.

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“…9 9 McFadden's R 2 is calculated as: where log L 0 is the value of log‐likelihood function subject to the constraint that all regression coefficients except the constant term are zero, and log L ( β ) is the maximum value of the log‐likelihood function without constraints (Veall and Zimmerman, 1996). McFadden R 2 in the range of 0.2–0.4 are typical for logit models (Sonka et al. , 1989).…”

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confidence: 99%

Energy‐saving Technology Choices by Dutch Glasshouse Firms

Pietola

2006

J Agricultural Economics

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This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991-1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations. Copyright 2006 Blackwell Publishing Ltd.

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Managerial Performance and Income Variability for a Sample of Illinois Cash Grain Producers

Cited by 32 publications

References 2 publications

The Effect of Market Orientation on Learning, Innovativeness, and Performance in Primary Agriculture

The Effect of Market Orientation on Learning, Innovativeness, and Performance in Primary Agriculture

A Probit Analysis of the Incidence of the Cotton Leaf Curl Virus in Punjab, Pakistan

Energy‐saving Technology Choices by Dutch Glasshouse Firms

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