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Article
Publication date: 18 May 2020

Luitfred Kissoly, Anja Fasse and Ulrike Grote

Transformation of smallholder agriculture from subsistence to more commercially-oriented production is one of the strategies advocated for improving rural households' food…

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Abstract

Purpose

Transformation of smallholder agriculture from subsistence to more commercially-oriented production is one of the strategies advocated for improving rural households' food security and general welfare. The purpose of this paper is to assess potential differential effects of smallholder commercialization intensity on the different dimensions of food security.

Design/methodology/approach

Using household data from rural Tanzania, the study employed Tobit regression and Generalized Propensity Score (GPS) approaches to analyze smallholder commercialization intensity and associated food security effects.

Findings

Results show that smallholder commercialization has heterogeneous effects on the different dimensions of food security. Specifically, lower levels of commercialization are associated with lower food availability, access, utilization and stability. At higher intensities of commercialization, smallholders have higher food availability and access but modest improvements in food utilization and stability. Findings suggests that heterogeneous effects of commercialization on food security and the multi-dimensional nature of food security are important aspects to consider in the design of strategies to improve smallholder agriculture for enhanced food security and welfare.

Research limitations/implications

It is important to point out that while food security is still a complex phenomenon, one that cannot be analyzed easily, so is commercialization. This study has used only one of the many definitions of commercialization.

Originality/value

Most existing literature on smallholder commercialization groups farmers into commercial and subsistence-oriented households. However, smallholders commercialize at various levels of intensity. This paper, conversely, analyzes the potential effects of different levels of commercialization on the various aspects of food security. Further, unlike extensive literature that focus on a narrow definition of food security, this paper expands the evidence of the implications of smallholder commercialization on the different dimensions of food security namely, food availability, access, utilization and stability.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 10 no. 5
Type: Research Article
ISSN: 2044-0839

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Article
Publication date: 27 June 2018

Ludivine Chalencon and Ulrike Mayrhofer

The purpose of this paper is to compare the value creation of cross-border mergers and acquisitions (M&As) in mature and emerging markets.

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Abstract

Purpose

The purpose of this paper is to compare the value creation of cross-border mergers and acquisitions (M&As) in mature and emerging markets.

Design/methodology/approach

The empirical study is based on a sample of 285 cross-border M&As announced between 2010 and 2012 and completed by companies of the French SBF 120 index in 54 countries.

Findings

The statistical analysis shows how financial markets react before and after the announcement of M&As. The obtained findings highlight significant differences: the reaction of financial markets before the announcement is moderately positive for M&As in mature economies, but negative for those in emerging economies; their reaction after the announcement is clearly positive for M&As in mature markets and moderately positive for those in emerging markets.

Research limitations/implications

Future studies on M&A value creation should differentiate mature and emerging economies and adopt a more in-depth classification of target countries.

Practical implications

This research emphasizes the necessity to consider country-specific factors for M&A value creation.

Originality/value

The empirical study is based on a sample of French acquirers, who account for 3 percent of the volume and value of M&As in the world and whose operations are rarely studied in the literature. The authors compare the reaction of financial markets before and after the announcement of M&As conducted in mature and emerging economies.

Details

Journal of Organizational Change Management, vol. 31 no. 4
Type: Research Article
ISSN: 0953-4814

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