This study aims to investigate and explore the relationship between vertical integration and the firm＇s innovativeness in food supply chain. For doing so, a two-stage least-squares model was used. It encompassed inst...This study aims to investigate and explore the relationship between vertical integration and the firm＇s innovativeness in food supply chain. For doing so, a two-stage least-squares model was used. It encompassed instrumental variables that attempt to describe the effective determinants of firm＇s vertical integration willingness. Results based on data concerning a set of 130 food-manufacturing firms, highlighted that vertical integration of a firm is strongly affected by internal incentives such as innovation rate and firm size. Moreover, it is simultaneously influenced by the economies of scale and some structure incentives. To conclude, results indicate globally that important and statistically significant differences exist across the studied firms and the small effective ones which acquire a high level of vertical integration.展开更多
One of the phenomena that marked 20th century is rapid technology progress. This process did not avoid food production and processing. Thanks to rapid development of technology, there has been a development of convent...One of the phenomena that marked 20th century is rapid technology progress. This process did not avoid food production and processing. Thanks to rapid development of technology, there has been a development of conventional food production, as well as appearance of genetically modified food. As a consequence of this trend, as well as the concern among some part of human population for their health, we had the return to natural food production in the form of the development of organic food production. One of the characteristics of organic food market in the European Union is the constant growth of demand for this product group, and insufficient quantities of organic products available in this market. These information led to the conclusion that organic food represents an opportunity for less developed countries, i.e., that countries like Serbia can manufacture and sale these products on the market with the highest purchasing power in the world--the European Union market. In this paper, the characteristics of demand for organic foods in the European Union were presented, then it was explained in detail why are these products export chance of Serbia, as well as reasons why is the export of organic food from Serbia to the EU very low at the time being. At the end, some recommendations that could help Serbia to increase export of organic product to EU countries were proposed.展开更多
文摘This study aims to investigate and explore the relationship between vertical integration and the firm＇s innovativeness in food supply chain. For doing so, a two-stage least-squares model was used. It encompassed instrumental variables that attempt to describe the effective determinants of firm＇s vertical integration willingness. Results based on data concerning a set of 130 food-manufacturing firms, highlighted that vertical integration of a firm is strongly affected by internal incentives such as innovation rate and firm size. Moreover, it is simultaneously influenced by the economies of scale and some structure incentives. To conclude, results indicate globally that important and statistically significant differences exist across the studied firms and the small effective ones which acquire a high level of vertical integration.
文摘One of the phenomena that marked 20th century is rapid technology progress. This process did not avoid food production and processing. Thanks to rapid development of technology, there has been a development of conventional food production, as well as appearance of genetically modified food. As a consequence of this trend, as well as the concern among some part of human population for their health, we had the return to natural food production in the form of the development of organic food production. One of the characteristics of organic food market in the European Union is the constant growth of demand for this product group, and insufficient quantities of organic products available in this market. These information led to the conclusion that organic food represents an opportunity for less developed countries, i.e., that countries like Serbia can manufacture and sale these products on the market with the highest purchasing power in the world--the European Union market. In this paper, the characteristics of demand for organic foods in the European Union were presented, then it was explained in detail why are these products export chance of Serbia, as well as reasons why is the export of organic food from Serbia to the EU very low at the time being. At the end, some recommendations that could help Serbia to increase export of organic product to EU countries were proposed.
