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Economic and financial determinants of firm bankruptcy: evidence from the French food industry / Lilia Aleksanyan ; Jean-Pierre Huiban in Revue d'Etudes en Agriculture et Environnement, Vol.97, N°2 (01/09/2016)

Public ISBD [article]  inRevue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 89-108 p Titre : Economic and financial determinants of firm bankruptcy: evidence from the French food industry Type de document : Article Auteurs : Lilia Aleksanyan, Auteur ; Jean-Pierre Huiban, Auteur Année de publication : 2016 Article en page(s) : 89-108 p Langues : Anglais (eng) Français (fre) Catégories : [Thesagri] crédit [Thesagri] économie [Thesagri] économie agro-alimentaire [Thesagri] industrie agroalimentaire [Thesagri] productivité [Thesagri] système financier Note de contenu : Despite the strong resilience of the French food industry during the recent economic crisis, the bankruptcy rate for this sector has dramatically increased since 2010. This paper focuses on the economic and financial determinants of firm exit due to bankruptcy in the French food industry and compares them with those for other manufacturing industries. Based on a large sample of firm-level data for the period 2001–2012, we show that the bankruptcy risk pattern differs between food industry firms and other manufacturing firms. Firm productivity is an important determinant of a firm’s probability of going bankrupt; productivity begins deteriorating 3 years before a failure. Controlling for firm productivity, we also show that credit cost has a positive and significant impact on the probability of bankruptcy. However, we observe smaller effect of credit cost on firms’ bankruptcy risk. In contrast, productivity appears to have an important beneficial effect on bankruptcy risk reduction. [article] Economic and financial determinants of firm bankruptcy: evidence from the French food industry [Article] / Lilia Aleksanyan, Auteur ; Jean-Pierre Huiban, Auteur . - 2016 . - 89-108 p. Langues : Anglais (eng) Français (fre) in Revue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 89-108 p Catégories : [Thesagri] crédit [Thesagri] économie [Thesagri] économie agro-alimentaire [Thesagri] industrie agroalimentaire [Thesagri] productivité [Thesagri] système financier Note de contenu : Despite the strong resilience of the French food industry during the recent economic crisis, the bankruptcy rate for this sector has dramatically increased since 2010. This paper focuses on the economic and financial determinants of firm exit due to bankruptcy in the French food industry and compares them with those for other manufacturing industries. Based on a large sample of firm-level data for the period 2001–2012, we show that the bankruptcy risk pattern differs between food industry firms and other manufacturing firms. Firm productivity is an important determinant of a firm’s probability of going bankrupt; productivity begins deteriorating 3 years before a failure. Controlling for firm productivity, we also show that credit cost has a positive and significant impact on the probability of bankruptcy. However, we observe smaller effect of credit cost on firms’ bankruptcy risk. In contrast, productivity appears to have an important beneficial effect on bankruptcy risk reduction.

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REV-00011945	Vol.97, N°2 - 01/09/2016	Revue	Archives sur place	Documentaires	Disponible

Multinationals and domestic firms in France: who gains from knowledge spillovers? / Pierre Blanchard ; Claude Mathieu in Revue d'Etudes en Agriculture et Environnement, Vol.97, N°2 (01/09/2016)

Public ISBD [article]  inRevue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 109-125 p Titre : Multinationals and domestic firms in France: who gains from knowledge spillovers? Type de document : Article Auteurs : Pierre Blanchard, Auteur ; Claude Mathieu, Auteur Année de publication : 2016 Article en page(s) : 109-125 p Langues : Anglais (eng) Français (fre) Catégories : [Thesagri] économie [Thesagri] entreprise [Thesagri] marché : économie [Thesagri] productivité Note de contenu : This paper aims to evaluate the direction, nature, and magnitude of spillovers between foreign-owned firms and French firms from firm-level panel data. We estimate production functions at the firm level using the recent structural techniques suggested in Ackerberg et al. (2006). From our results, three main conclusions can be drawn. First, spillovers are at work in all research-intensive sectors, although they have very weak effects in the less knowledge-based sectors. Second, foreign-owned firms belonging to high- and medium-technology manufacturing industries that are set up in France benefit from horizontal spillovers, suggesting a technology sourcing activity of foreign multinationals. Third, inward foreign investment increases the total factor productivity of French firms supplying inputs to multinationals (backward spillovers) only in high- and medium-technology manufacturing industries and after 4 years. [article] Multinationals and domestic firms in France: who gains from knowledge spillovers? [Article] / Pierre Blanchard, Auteur ; Claude Mathieu, Auteur . - 2016 . - 109-125 p. Langues : Anglais (eng) Français (fre) in Revue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 109-125 p Catégories : [Thesagri] économie [Thesagri] entreprise [Thesagri] marché : économie [Thesagri] productivité Note de contenu : This paper aims to evaluate the direction, nature, and magnitude of spillovers between foreign-owned firms and French firms from firm-level panel data. We estimate production functions at the firm level using the recent structural techniques suggested in Ackerberg et al. (2006). From our results, three main conclusions can be drawn. First, spillovers are at work in all research-intensive sectors, although they have very weak effects in the less knowledge-based sectors. Second, foreign-owned firms belonging to high- and medium-technology manufacturing industries that are set up in France benefit from horizontal spillovers, suggesting a technology sourcing activity of foreign multinationals. Third, inward foreign investment increases the total factor productivity of French firms supplying inputs to multinationals (backward spillovers) only in high- and medium-technology manufacturing industries and after 4 years.

Exemplaires (1)

Code-barres	Cote	Support	Localisation	Section	Disponibilité
REV-00011945	Vol.97, N°2 - 01/09/2016	Revue	Archives sur place	Documentaires	Disponible

The agro-food industry, public health, and environmental protection: investigating the Porter hypothesis in food regulation / Eric Giraud-Héraud ; Jean-Pierre Ponssard ; Bernard Sinclair Desgagné ; Louis-Georges Soler in Revue d'Etudes en Agriculture et Environnement, Vol.97, N°2 (01/09/2016)

Public ISBD [article]  inRevue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 127-140 p Titre : The agro-food industry, public health, and environmental protection: investigating the Porter hypothesis in food regulation Type de document : Article Auteurs : Eric Giraud-Héraud, Auteur ; Jean-Pierre Ponssard, Auteur ; Bernard Sinclair Desgagné, Auteur ; Louis-Georges Soler, Auteur Année de publication : 2016 Article en page(s) : 127-140 p Langues : Anglais (eng) Français (fre) Catégories : [Thesagri] agriculture durable [Thesagri] consommation des ménages [Thesagri] économie de marché [Thesagri] industrie agroalimentaire [Thesagri] innovation technologique [Thesagri] réglementation des produits agricoles Note de contenu : Sustainable food concerns have pushed public authorities to act by means of regulations, standards and other devices, and businesses to innovate in their products and production processes. We argue that the Porter hypothesis—which asserts that properly designed and implemented environmental regulation might be good for society as well as the targeted firms—might well be verified in this context. After reviewing and illustrating the working principles and main criticisms of this hypothesis, we provide a more in-depth discussion of nutritional issues. While the literature generally points to organizational imperfections and market failures to validate the Porter hypothesis, we submit and model another rationale for the agro-food industry, a rationale that is based on consumer behavior. [article] The agro-food industry, public health, and environmental protection: investigating the Porter hypothesis in food regulation [Article] / Eric Giraud-Héraud, Auteur ; Jean-Pierre Ponssard, Auteur ; Bernard Sinclair Desgagné, Auteur ; Louis-Georges Soler, Auteur . - 2016 . - 127-140 p. Langues : Anglais (eng) Français (fre) in Revue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 127-140 p Catégories : [Thesagri] agriculture durable [Thesagri] consommation des ménages [Thesagri] économie de marché [Thesagri] industrie agroalimentaire [Thesagri] innovation technologique [Thesagri] réglementation des produits agricoles Note de contenu : Sustainable food concerns have pushed public authorities to act by means of regulations, standards and other devices, and businesses to innovate in their products and production processes. We argue that the Porter hypothesis—which asserts that properly designed and implemented environmental regulation might be good for society as well as the targeted firms—might well be verified in this context. After reviewing and illustrating the working principles and main criticisms of this hypothesis, we provide a more in-depth discussion of nutritional issues. While the literature generally points to organizational imperfections and market failures to validate the Porter hypothesis, we submit and model another rationale for the agro-food industry, a rationale that is based on consumer behavior.

Exemplaires (1)

Code-barres	Cote	Support	Localisation	Section	Disponibilité
REV-00011945	Vol.97, N°2 - 01/09/2016	Revue	Archives sur place	Documentaires	Disponible

Public quality standards and the food industry’s structure in a global economy / C. Gaigné ; Bruno Larue in Revue d'Etudes en Agriculture et Environnement, Vol.97, N°2 (01/09/2016)

Public ISBD [article]  inRevue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 141-148 p Titre : Public quality standards and the food industry’s structure in a global economy Type de document : Article Auteurs : C. Gaigné, Auteur ; Bruno Larue, Auteur Année de publication : 2016 Article en page(s) : 141-148 p Langues : Anglais (eng) Français (fre) Catégories : [Thesagri] commerce international [Thesagri] contrôle de qualité [Thesagri] industrie [Thesagri] marché : économie [Thesagri] productivité [Thesagri] réglementation Note de contenu : We study the impact of public quality standards on industry structure in a context of international trade. We consider vertical differentiation in an international trade model based on monopolistic competition in which firms differ in terms of their productivity and must incur two fixed export costs when exporting to any given destination: a generic one (i.e., setting up a distribution system) and a destination-specific one to meet the quality standard prevailing in the importing country. Variable costs are also increasing in quality. The absolute mass of firms in any given country is decreasing in the domestic standard, but the relative mass (market share) of foreign firms is increasing in the domestic standard. Increasing public quality standards benefit highly productive foreign firms which gain from the quality-induced exit of less productive domestic and foreign firms. The increase in industry productivity following stricter public standards does not result from induced innovation as in the Porter hypothesis but from the exit of less productive firms. [article] Public quality standards and the food industry’s structure in a global economy [Article] / C. Gaigné, Auteur ; Bruno Larue, Auteur . - 2016 . - 141-148 p. Langues : Anglais (eng) Français (fre) in Revue d'Etudes en Agriculture et Environnement > Vol.97, N°2 (01/09/2016) . - 141-148 p Catégories : [Thesagri] commerce international [Thesagri] contrôle de qualité [Thesagri] industrie [Thesagri] marché : économie [Thesagri] productivité [Thesagri] réglementation Note de contenu : We study the impact of public quality standards on industry structure in a context of international trade. We consider vertical differentiation in an international trade model based on monopolistic competition in which firms differ in terms of their productivity and must incur two fixed export costs when exporting to any given destination: a generic one (i.e., setting up a distribution system) and a destination-specific one to meet the quality standard prevailing in the importing country. Variable costs are also increasing in quality. The absolute mass of firms in any given country is decreasing in the domestic standard, but the relative mass (market share) of foreign firms is increasing in the domestic standard. Increasing public quality standards benefit highly productive foreign firms which gain from the quality-induced exit of less productive domestic and foreign firms. The increase in industry productivity following stricter public standards does not result from induced innovation as in the Porter hypothesis but from the exit of less productive firms.

Exemplaires (1)

Code-barres	Cote	Support	Localisation	Section	Disponibilité
REV-00011945	Vol.97, N°2 - 01/09/2016	Revue	Archives sur place	Documentaires	Disponible