Template-Type: ReDIF-Article 1.0 Author-Name: Antonio Martos-Pedrero Author-Workplace-Name: Human and Social Sciences School, University of Almeria, Almeria, Spain Author-Name: David Jiménez-Castillo Author-Workplace-Name: Department of Economics and Business, Research Center CIMEDES, University of Almeria, Almeria, Spain Author-Name: Francisco Joaquín Cortés-García Author-Workplace-Name: Faculty of Business and Management, Universidad Autónoma de Chile, Santiago, Chile Title: Examining drivers and outcomes of corporate social responsibility in agri-food firms Abstract: This study attempts to contribute to the debate on the impact of corporate social responsibility (CSR) on the financial performance (FP), image and reputation (IR) of agri-food firms, examining whether the legal form of organization (LFO) (cooperatives vs. capital firms) moderates these relationships. To this aim, we also consider the potential effects of two scarcely investigated factors that can determine firms' CSR orientation, that is, the capacity to absorb CSR-related knowledge and the perception that managers have of ethics and social responsibility. Using data from a sample of 107 trading firms in the agri-food sector in Almeria (Spain), we show that both factors play a decisive role in the firms' CSR orientation, which has been measured as a multidimensional construct. Also, the orientation towards socially and environmentally responsible practices positively affect IR of agri-food firms and their FP. The relationship with the FP is stronger in the case of cooperatives compared to capital firms. Key implications for researchers and practitioners are discussed. Keywords: absorptive capacity, legal form of organization, perception of ethics and social responsibility, reputation, sustainability Journal: Agricultural Economics Pages: 79-86 Volume: 68 Issue: 3 Year: 2022 DOI: 10.17221/398/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/398/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202203-0001.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:3:id:398-2021-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Dejan Živkov Author-Workplace-Name: Novi Sad School of Business, University of Novi Sad, Novi Sad, Serbia Author-Name: Boris Kuzman Author-Workplace-Name: Institute of Agricultural Economics, Belgrade, Serbia Author-Name: Jonel Subić Author-Workplace-Name: Institute of Agricultural Economics, Belgrade, Serbia Title: Measuring the risk-adjusted performance of selected soft agricultural commodities Abstract: In this paper, we used several elaborate return-to-risk methods to investigate the risk-adjusted performances of five soft commodities. Regarding only the level of risk, we found that cocoa had the highest risk of losses, followed by orange juice. Cotton and coffee had the lowest risk of losses. However, according to the return-to-risk output, cotton was the worst asset in which to invest because it had negative average returns. In contradistinction, sugar had a relatively high risk of losses but also the highest average returns, which put it in the first place according to the Sharpe, Sortino and modified Sharpe ratios. Although orange juice had the second-worst downside risk performance, it came in second place according to the return-to-risk ratio because it had relatively high average returns. Keywords: conditional volatility model, downside risk, return-to-risk methods Journal: Agricultural Economics Pages: 87-96 Volume: 68 Issue: 3 Year: 2022 DOI: 10.17221/298/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/298/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202203-0002.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:3:id:298-2021-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Chunhsin Chou Author-Workplace-Name: School of International Law, China University of Political Science and Law, Beijing, P.R. China Author-Name: Joeming Lee Author-Workplace-Name: Department of Applied Economics, College of Management, Fo Guang University, Jiaosi Shiang, Taiwan Author-Name: Yingmaw Teng Author-Workplace-Name: Department of International Business, College of Management, I-Shou University, Kaohsiung City, Taiwan Author-Name: Hsiuling Lee Author-Workplace-Name: Department of Accounting, College of Management, I-Shou University, Kaohsiung City, Taiwan Title: The relationships between productivity, operational risk, and firm performance Abstract: The aim of this study was to revisit the relationship between productivity and performance by using the panel data model on Taiwanese food listed firms during 2008-2020. The result found that there is a U-shaped relationship between productivity and performance. On the contrary, research and development (R&D) innovation and performance have an inverse U-shaped relationship, reminding that when the food listed firms have a specific R&D innovation base, they should invest more powerful resources, professional productivity, and innovate the food listed firms. Keywords: asymmetric effects, food industry, R& D innovation, stock returns, U-shaped relationship Journal: Agricultural Economics Pages: 97-106 Volume: 68 Issue: 3 Year: 2022 DOI: 10.17221/222/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/222/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202203-0003.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:3:id:222-2021-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Agnieszka Tłuczak Author-Workplace-Name: Department of Economic Theory, Faculty of Economics, Opole University, Opole, Poland Title: Convergence of prices on the pig market in selected European Union countries. Case study Abstract: Due to its specificity, animal production depends to a lesser extent than plant production on agrometeorological conditions. Interdependence between the prices of animal products and climatic conditions manifests itself primarily through the fodder markets, which determine the profitability of animal breeding and keeping. The process of economic integration should contribute to a decline in price differentiation between European Union (EU) countries. In the case of the pig market, however, it is necessary to bear in mind the pig cycle, which particularly affects the supply of livestock and their prices. The Common Agricultural Policy (CAP) currently implemented is not adapted to the turbulent global challenges and, underlining the lack of tools adequate to the increasingly frequent and stronger price fluctuations in agricultural markets, consider it necessary to quickly implement a new strategic reformatting of the EU agricultural policy. This study aims to examine the stochastic convergence between prices on the pig market in the EU countries. The research was conducted using, among others, the augmented Dickey-Fuller (ADF) test and the Johansen test. The monthly data from January 2008 (2008M1) to December 2019 (2019M12) were used in this study (Eurostat, Statistical Yearbook of Agriculture). The conducted research indicates the existence of convergence paths between some countries and the group of EU-15 countries. Keywords: agricultural, economic integration, piglet prices Journal: Agricultural Economics Pages: 107-115 Volume: 68 Issue: 3 Year: 2022 DOI: 10.17221/342/2021-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/342/2021-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202203-0004.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:3:id:342-2021-AGRICECON