Template-Type: ReDIF-Article 1.0 Author-Name: Marta Arbelo-Pérez Author-Name: Yaiza Armas-Cruz Author-Workplace-Name: Department of Economics and Business Management, Instituto Universitario de la Empresa (IUDE), Universidad de La Laguna, San Cristóbal de La Laguna, Spain Author-Name: Antonio Arbelo Author-Workplace-Name: Department of Economics and Business Management, Instituto Universitario de la Empresa (IUDE), Universidad de La Laguna, San Cristóbal de La Laguna, Spain Title: Environmental strategy and firm performance: A new methodological proposal Abstract: Environmental strategies and their effects on firm performance are receiving increased attention in the literature, but the results are inconclusive. To fill this gap, we propose to evaluate the effect of environmental strategies on firm performance, thereby making two significant contributions. The first is the use of Bayesian techniques to estimate a stochastic frontier model with random coefficients to evaluate the relationship between environmental strategies and performance at the individual firm level, thus adequately incorporating heterogeneity; the second is the adoption of profit efficiency as a measure of firm performance. To test this idea, we studied the effect of a set of pollutants on profit efficiency in a sample of livestock firms in Spain. The results reveal that i) the success of environmental strategies depends on the properties and internal characteristics of each firm and the environment in which it operates and ii) the mean efficiency is 55.80%, which implies that these firms are losing on average 44.20% of their maximum potential profit. These results have significant strategic implications for firms' ability to achieve a competitive advantage. Keywords: Bayesian approach, environmental strategies, heterogeneity, livestock industry, profit efficiency, resource based view Journal: Agricultural Economics Pages: 283-292 Volume: 68 Issue: 8 Year: 2022 DOI: 10.17221/137/2022-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/137/2022-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202208-0001.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:8:id:137-2022-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Douglas MacKinnon Author-Workplace-Name: Department of Agriculture Economics and Rural Development, Faculty of Agriculture and Life Sciences, University of Maribor, Maribor, Slovenia Author-Name: Martin Pavlovič Author-Workplace-Name: Department of Agriculture Economics and Rural Development, Faculty of Agriculture and Life Sciences, University of Maribor, Maribor, Slovenia Author-Workplace-Name: Slovenian Institute of Hop Research and Brewing, Žalec, Slovenia Author-Workplace-Name: General Secretary, International Hop Growers' Convention, Celje, Slovenia Title: The delayed surplus response for hops related to market dynamics Abstract: The cyclical nature of hop market pricing has been recorded since the 16th century, but the effect had never previously been documented or quantified. Using Bayesian inference in an analysis of data regarding the US hop industry collected and published by the United States Department of Agriculture (USDA) it was possible to measure the change of inventory and acreage responsiveness to price during periods of free and markets regulated through the enforcement of intellectual property rights (IPR). The data demonstrated a delayed, reduced, or total lack of responsiveness in the change of direction of acreage and inventory in response to directional changes in season average price (SAP) during free market periods. This reaction was referred to as the delayed surplus response (DSR). The data also demonstrated the absence of the DSR during periods in which proprietary varieties reached greater than 50% of US acreage and production. Patented plant varieties offer a legal monopoly over that intellectual property (IP). The absence of the DSR during periods in which a majority of US acreage and production were proprietary indicated a strong degree of control over supply. By extension, the owners of proprietary varieties demonstrated the ability to influence price at desired levels. Keywords: Bayesian inference, brewing industry, disequilibrium, hop market, proprietary variety Journal: Agricultural Economics Pages: 293-298 Volume: 68 Issue: 8 Year: 2022 DOI: 10.17221/156/2022-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/156/2022-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202208-0002.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:8:id:156-2022-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Vladimir Ristanović Author-Workplace-Name: Institute of European Studies, Belgrade, Serbia Author-Name: Aleksandra Tošović-Stevanović Author-Workplace-Name: Institute of International Policy and Economy, Belgrade, Serbia Author-Name: Silvia Maican Author-Workplace-Name: Business Administration and Marketing Department, Faculty of Economics, '1 Decembrie 1918' University of Alba Iulia, Alba Iulia, Romania Author-Name: Andreea Muntean Author-Workplace-Name: Business Administration and Marketing Department, Faculty of Economics, '1 Decembrie 1918' University of Alba Iulia, Alba Iulia, Romania Title: Economic overview of the distribution channels used by Eastern European small farms for their agricultural products Abstract: The role of small farms in agricultural production is particularly important for less developed economies, with a high share of agriculture in GDP and a lower level of national income. These economies have a high share of small-scale farms in the total number of registered farms, measured by the size of an agricultural holding. The paper thoroughly analyses the distribution channels of the agricultural products of Moldova (MDA), Romania (ROM), and Serbia (SRB). The data sources for this analysis are taken from the survey conducted on 1 608 small-scale farms in the above-mentioned countries in 2019. The aim of the paper is to develop a model that could enable the structured analysis of distribution channels. Analytical Hierarchy Process (AHP) method was used for efficient assessment and as a criterion for choosing the most appropriate distribution channel. The results of the analysis show that small-scale farms mostly place their products in green markets and processing plants and that the quality and the price of agricultural products are the dominant criteria for the selection of a channel. The results of the applied model indicate that the model is stable and that small-scale farms can choose the optimal distribution channel by using this study. Keywords: agribusiness, AHP method, decision making, distribution chains, small-scale farms Journal: Agricultural Economics Pages: 299-306 Volume: 68 Issue: 8 Year: 2022 DOI: 10.17221/168/2022-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/168/2022-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202208-0003.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:8:id:168-2022-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Lukáš Martinec Author-Workplace-Name: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic Title: The influence of photovoltaic and nuclear energy sources on the use of land in the Czech Republic Abstract: The human population is highly dependent on electricity, and to maintain the current progress of its use and for future requirements, it is necessary to look for ways to ensure sufficient energy. The aim of the article is to compare nuclear energy as a representative of non-renewable energy sources with photovoltaic energy as a representative of renewable energy sources (RES). The comparison is made in terms of the effect on agricultural land occupation, given that soil as a basic production factor is completely unique and that nuclear energy sources are often used as a backup for RES. We used a quantitative research method based on deduction using available real data to compare agricultural land occupation by these two energy sources. The results indicate that the effect of photovoltaic power plants on agricultural land occupation is 100 times greater than that of nuclear power plants. In terms of the effect on agricultural land occupation, the combination of solar and nuclear power plants seems to be appropriate. This combination partially eliminates the negative agricultural land occupation consequence of using solar power plants. Keywords: agricultural land resources, electricity, nuclear power plant, photovoltaics, soil Journal: Agricultural Economics Pages: 307-316 Volume: 68 Issue: 8 Year: 2022 DOI: 10.17221/61/2022-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/61/2022-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-202208-0004.txt Handle: RePEc:caa:jnlage:v:68:y:2022:i:8:id:61-2022-AGRICECON