Template-Type: ReDIF-Article 1.0 Author-Name: editors Title: Index Contents AGRICECON volume 67 Journal: Agricultural Economics Pages: I-III Volume: 67 Issue: 12 Year: 2021 DOI: 10.17221/14000-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/14000-AGRICECON.html File-Format: text/html Handle: RePEc:caa:jnlage:v:67:y:2021:i:12:id:14000-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Marilen Gabriel Pirtea Author-Workplace-Name: Department of Finance, Faculty of Economics and Business Administration, West University of Timişoara, Timişoara, Romania Author-Name: Graţiela Georgiana Noja Author-Workplace-Name: Department of Marketing and International Economic Relations, Faculty of Economics and Business Administration, West University of Timişoara, Timişoara, Romania Author-Name: Mirela Cristea Author-Workplace-Name: Department of Finance, Banking and Economic Analysis, Center for Economic, Banking and Financial Research (CEBAFI), Faculty of Economics and Business Administration, University of Craiova, Craiova, Romania Author-Name: Mirela Panait Author-Workplace-Name: Department of Cybernetics, Economic Informatics, Finance and Accounting, Faculty of Economic Sciences, Petroleum-Gas University of Ploiesti, Ploiesti, Romania Author-Workplace-Name: Institute of National Economy, Romanian Academy, Bucharest, Romania Title: Interplay between environmental, social and governance coordinates and the financial performance of agricultural companies Abstract: On the complex framing of the agricultural fields, related to the corporate social responsibility (CSR), the general objective of this paper is to assess the impacts of environmental, social and governance (ESG) credentials of CSR and human capital features on the financial performance of agricultural companies. The data consists of a sample of 412 public companies from the Thomson Reuters Eikon database, with data for 2020, operating in 17 agricultural areas with headquarters allocated around the world. The methodological endeavor embeds two econometric procedures, multifactorial models of robust regression and structural equation modelling (SEM). The research results bring new evidence to underline the risks related to the sustainability of the financial performance of agricultural companies and the decisive role played by the ESG dimensions to counteract these risks, particularly by the environmental pillar, along with CSR specific strategies and human capital characteristics (management board and employees). We propose several strategies for companies operating in agricultural fields in order to enhance profitability by CSR measures. Keywords: agriculture, econometric modelling, environmental dimensions, profitability, social responsibility, strategy Journal: Agricultural Economics Pages: 479-490 Volume: 67 Issue: 12 Year: 2021 DOI: 10.17221/286/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/286/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202112-0002.txt Handle: RePEc:caa:jnlage:v:67:y:2021:i:12:id:286-2021-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Monika Krawiec Author-Name: Anna Górska Author-Workplace-Name: Institute of Economics and Finance, Warsaw University of Life Sciences, Warsaw, Poland Title: Are soft commodities markets affected by the Halloween effect? Abstract: Within the last three decades commodity markets, including soft commodities markets, have become more and more like financial markets. As a result, prices of commodities may exhibit similar patterns or anomalies as those observed in the behaviour of different financial assets. Their existence may cast doubts on the competitiveness and efficiency of commodity markets. It motivates us to conduct the research presented in this paper, aimed at examining the Halloween effect in the markets of basic soft commodities (cocoa, coffee, cotton, frozen concentrated orange juice, rubber and sugar) from 1999 to 2020. This long-time span ensures the credibility of results. Apart from performing the two-sample t-test and the rank-sum Wilcoxon test, we additionally investigate the autoregressive conditional heteroskedasticity (ARCH) effect. Its presence in our data allows us to estimate generalised autoregressive conditional heteroskedasticity [GARCH (1, 1)] models with dummies representing the Halloween effect. We also investigate the impact of the January effect on the Halloween effect. Results reveal the significant Halloween effect for cotton (driven by the January effect) and the significant reverse Halloween effect for sugar. It brings implications useful to the main actors in the market. They may apply trading strategies generating satisfactory profits or providing hedging against unfavourable changes in soft commodities prices. Keywords: calendar anomalies, generalised autoregressive conditional heteroskedasticity model, softs, t-test, Wilcoxon rank-sum test Journal: Agricultural Economics Pages: 491-499 Volume: 67 Issue: 12 Year: 2021 DOI: 10.17221/216/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/216/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202112-0003.txt Handle: RePEc:caa:jnlage:v:67:y:2021:i:12:id:216-2021-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Maria Mercè Clop-Gallart Author-Workplace-Name: Department of Business Administration, Faculty of Law, Economics and Tourism, University of Lleida, Lleida, Spain Author-Name: María Isabel Juárez Author-Workplace-Name: Department of Business Administration, Faculty of Law, Economics and Tourism, University of Lleida, Lleida, Spain Author-Name: Montserrat Viladrich-Grau Title: Has the euro been fattening the European pig meat trade? Abstract: The introduction of the euro is one of the great achievements of the European integration process. We ask whether the creation of the euro led to a significant increase in pig meat trade in the eurozone. The pig meat industry is the most important in the European meat sector, and the EU is the world's second-biggest producer of pork and the leading supplier of pig meat to the global market. No study has yet been conducted in this respect for this sector. Our results suggest that pig meat trade was encouraged between countries sharing the euro, although the impact of EU single market was still greater. Trade creation was also observed, increasing pig meat exports from eurozone to non-eurozone countries. Also, non-eurozone EU exporters suffer from a diversion effect that benefits eurozone exporters. Keywords: eurozone, gravity models, international trade, trade creation, trade diversion Journal: Agricultural Economics Pages: 500-510 Volume: 67 Issue: 12 Year: 2021 DOI: 10.17221/109/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/109/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202112-0004.txt Handle: RePEc:caa:jnlage:v:67:y:2021:i:12:id:109-2021-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Ferhat Pehlivanoglu Author-Workplace-Name: Department of Economics, Faculty of Economics and Administrative Sciences, Kocaeli University, Kocaeli, Turkey Author-Name: Cemil Erarslan Author-Workplace-Name: Department of Economics, Faculty of Economics and Administrative Sciences, Yalova University, Yalova, Turkey Author-Name: Sedanur Demir Author-Workplace-Name: Department of Economics, Faculty of Economics and Administrative Sciences, Kocaeli University, Kocaeli, Turkey Title: Factors affecting competition in olive oil exports: Panel data analysis of selected countries. Case study Abstract: Recently, the growing interest in healthy and organic nutrition has led to an increase in both the consumption and production of olive oil. The fact that olive and olive oil production is mostly concentrated in the countries with a coastline on the Mediterranean has rendered their olive oil exports important in meeting the increasing demand for olive oil. For the exporting countries, this has raised the issues of having a large share in the international olive oil market and increasing their competitiveness. The importance of increasing competitiveness, especially for countries that generate income from agricultural production, is the driving force for conducting this study. The aim of the study was to determine the factors affecting the comparative advantages of the leading olive oil-exporting countries. In this context, the olive oil production, consumption and unit export prices of Turkey, Spain, Italy, Portugal, Greece and Tunisia for the 2000-2019 period were tested with a panel data analysis method to ascertain whether these variables have any significant effect on the revealed comparative advantage (RCA) index. According to the findings, olive oil production affects the RCA index positively, whereas olive oil consumption affects it negatively in a statistically significant way. Keywords: agricultural economics, international food sector, random effects model, revealed comparative advantage (RCA) index Journal: Agricultural Economics Pages: 511-518 Volume: 67 Issue: 12 Year: 2021 DOI: 10.17221/494/2020-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/494/2020-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202112-0005.txt Handle: RePEc:caa:jnlage:v:67:y:2021:i:12:id:494-2020-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: editors Title: Index Authors AGRICECON volume 67 Journal: Agricultural Economics Pages: IV-V Volume: 67 Issue: 12 Year: 2021 DOI: 10.17221/14001-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/14001-AGRICECON.html File-Format: text/html Handle: RePEc:caa:jnlage:v:67:y:2021:i:12:id:14001-AGRICECON