What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine
This article provides pioneering empirical evidence on the selection of acquisition targets by agroholdings in transition economies. We use panel data from Ukraine and Northwest Russia covering the years 2005-2016. Binomial logistic regression models were estimated to analyze the impacts of farm cap...
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2021
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Online Access: | http://hdl.handle.net/10419/274556 https://doi.org/10.22434/IFAMR2020.0081 https://www.wageningenacademic.com/doi/abs/10.22434/IFAMR2020.0081 |
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ftzbwkiel:oai:econstor.eu:10419/274556 2023-12-24T10:23:41+01:00 What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine Ostapchuk, Igor Gagalyuk, Taras Epshtein, David Dibirov, Abusupyan 2021 http://hdl.handle.net/10419/274556 https://doi.org/10.22434/IFAMR2020.0081 https://www.wageningenacademic.com/doi/abs/10.22434/IFAMR2020.0081 eng eng Wageningen: Wageningen Academic Publishers Journal: International Food and Agribusiness Management Review ISSN: 1559-2448 Volume: 24 Year: 2021 Issue: 4 Pages: 593-613 Wageningen: Wageningen Academic Publishers doi:10.22434/IFAMR2020.0081 http://hdl.handle.net/10419/274556 https://www.wageningenacademic.com/doi/abs/10.22434/IFAMR2020.0081 RePEc:zbw:espost:274556 http://www.econstor.eu/dspace/Nutzungsbedingungen https://creativecommons.org/licenses/by-nc-sa/4.0/ ddc:330 G34 L25 Q14 acquisition target selection agroholdings Northwest Russia pre-acquisition performance Ukraine doc-type:article 2021 ftzbwkiel https://doi.org/10.22434/IFAMR2020.0081 2023-11-27T00:43:43Z This article provides pioneering empirical evidence on the selection of acquisition targets by agroholdings in transition economies. We use panel data from Ukraine and Northwest Russia covering the years 2005-2016. Binomial logistic regression models were estimated to analyze the impacts of farm capital strength, financial performance and size on the farm’s likelihood of being acquired by an agroholding. Our results indicate that agroholding target selection considerations tend to change over time and have shifted from farm size to farm performance in both countries. However, agroholdings in both countries prefer to ‘grab lemons’, i.e. acquire poorly performing farms, but they differ with respect to target selection criteria. Agroholdings in Northwest Russia tend to focus on farm profitability, while their Ukrainian counterparts emphasize the capital structure of the target farms. Article in Journal/Newspaper Northwest Russia EconStor (German National Library of Economics, ZBW) International Food and Agribusiness Management Review 24 4 593 613 |
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EconStor (German National Library of Economics, ZBW) |
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English |
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ddc:330 G34 L25 Q14 acquisition target selection agroholdings Northwest Russia pre-acquisition performance Ukraine |
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ddc:330 G34 L25 Q14 acquisition target selection agroholdings Northwest Russia pre-acquisition performance Ukraine Ostapchuk, Igor Gagalyuk, Taras Epshtein, David Dibirov, Abusupyan What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine |
topic_facet |
ddc:330 G34 L25 Q14 acquisition target selection agroholdings Northwest Russia pre-acquisition performance Ukraine |
description |
This article provides pioneering empirical evidence on the selection of acquisition targets by agroholdings in transition economies. We use panel data from Ukraine and Northwest Russia covering the years 2005-2016. Binomial logistic regression models were estimated to analyze the impacts of farm capital strength, financial performance and size on the farm’s likelihood of being acquired by an agroholding. Our results indicate that agroholding target selection considerations tend to change over time and have shifted from farm size to farm performance in both countries. However, agroholdings in both countries prefer to ‘grab lemons’, i.e. acquire poorly performing farms, but they differ with respect to target selection criteria. Agroholdings in Northwest Russia tend to focus on farm profitability, while their Ukrainian counterparts emphasize the capital structure of the target farms. |
format |
Article in Journal/Newspaper |
author |
Ostapchuk, Igor Gagalyuk, Taras Epshtein, David Dibirov, Abusupyan |
author_facet |
Ostapchuk, Igor Gagalyuk, Taras Epshtein, David Dibirov, Abusupyan |
author_sort |
Ostapchuk, Igor |
title |
What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine |
title_short |
What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine |
title_full |
What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine |
title_fullStr |
What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine |
title_full_unstemmed |
What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine |
title_sort |
what drives the acquisition behavior of agroholdings? performance analysis of agricultural acquisition targets in northwest russia and ukraine |
publisher |
Wageningen: Wageningen Academic Publishers |
publishDate |
2021 |
url |
http://hdl.handle.net/10419/274556 https://doi.org/10.22434/IFAMR2020.0081 https://www.wageningenacademic.com/doi/abs/10.22434/IFAMR2020.0081 |
genre |
Northwest Russia |
genre_facet |
Northwest Russia |
op_relation |
Journal: International Food and Agribusiness Management Review ISSN: 1559-2448 Volume: 24 Year: 2021 Issue: 4 Pages: 593-613 Wageningen: Wageningen Academic Publishers doi:10.22434/IFAMR2020.0081 http://hdl.handle.net/10419/274556 https://www.wageningenacademic.com/doi/abs/10.22434/IFAMR2020.0081 RePEc:zbw:espost:274556 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen https://creativecommons.org/licenses/by-nc-sa/4.0/ |
op_doi |
https://doi.org/10.22434/IFAMR2020.0081 |
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International Food and Agribusiness Management Review |
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24 |
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4 |
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593 |
op_container_end_page |
613 |
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1786197826378661888 |