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Comparative efficiency of family and corporate farms: does family labour matter

Kostov, Philip, Davidova, Sophia M., Bailey, Alastair (2017) Comparative efficiency of family and corporate farms: does family labour matter. In: XV Congress od European Association of Agricultural Economists 'TOWARDS SUSTAINABLE AGRI-FOOD SYSTEMS: BALANCING BETWEEN MARKETS AND SOCIETY', 28 Aug - 01 Sept 2017, Parma Italy. (Unpublished) (KAR id:64284)

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This paper examines the comparative efficiency of family vs corporate farms. It decomposes efficiency into two distinct sources - management capabilities and organisational differences. We find evidence for organisational efficiency gains from family farming, relative to corporate farming and these appear to increase with family involvement. With regard to the management capabilities however, family farms do not compare so favourably. Furthermore family involvement does not seem to have any systematic effect on the management capabilities derived efficiency. The findings indicate that further investigation of the way family farms employ and build management capabilities is needed to substantiate any ‘superiority’ claims.

Item Type: Conference or workshop item (Paper)
Uncontrolled keywords: family farms; quantile regression; technical efficiency; efficiency density; managerial capabilities
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Sophia Davidova
Date Deposited: 06 Nov 2017 14:00 UTC
Last Modified: 06 Feb 2020 04:17 UTC
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Davidova, Sophia M.:
Bailey, Alastair:
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