Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review
After a series of shocking domestic food safety scandals in the past few years, environmental concerns have risen in the eyes of the public. The aim of this paper is to analyse the relationships among firm performance, customer capital, R&D innovation, structural capital, firm asset, environment...
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| Format: | Article |
| Language: | English |
| Published: |
Czech Academy of Agricultural Sciences
2019-02-01
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| Series: | Agricultural Economics (AGRICECON) |
| Subjects: | |
| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-201902-0006_firms-profitability-from-firm-specific-factor-environmental-turbulence-and-macroeconomic-evidence-from-taiw.php |
| _version_ | 1797899926533832704 |
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| author | Joe-Ming Lee Shiu-Wan Hung Chiao-Ming Li |
| author_facet | Joe-Ming Lee Shiu-Wan Hung Chiao-Ming Li |
| author_sort | Joe-Ming Lee |
| collection | DOAJ |
| description | After a series of shocking domestic food safety scandals in the past few years, environmental concerns have risen in the eyes of the public. The aim of this paper is to analyse the relationships among firm performance, customer capital, R&D innovation, structural capital, firm asset, environmental turbulence, and the macroeconomy by using the panel data model on Taiwanese food industry firms during 2010-2016 and by examining the results of the multiple regime panel smooth transition regression (MR-PSTR) model. The findings show that environmental turbulence and the misery index have a negative relationship on firms' performance, while there is a positive relationship between customer capital and firm performance. However, under high environmental turbulence, customer capital and firm performance are negatively related, meaning that a firm's marketing promotion will be ineffective. This study recommends that the food industry establish a high degree of trust from society and consumers. It is also important for the food industry to establishes a positive attitude towards quality requirements. |
| first_indexed | 2024-04-10T08:37:45Z |
| format | Article |
| id | doaj.art-162da1b68dee4f97937f95d6d14d58fa |
| institution | Directory Open Access Journal |
| issn | 0139-570X 1805-9295 |
| language | English |
| last_indexed | 2024-04-10T08:37:45Z |
| publishDate | 2019-02-01 |
| publisher | Czech Academy of Agricultural Sciences |
| record_format | Article |
| series | Agricultural Economics (AGRICECON) |
| spelling | doaj.art-162da1b68dee4f97937f95d6d14d58fa2023-02-23T03:25:20ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952019-02-016529310110.17221/134/2018-AGRICECONage-201902-0006Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A reviewJoe-Ming Lee0Shiu-Wan Hung1Chiao-Ming Li2Department of Applied Economics, Fo Guang University, Jiaosi Shiang, TaiwanDepartment of Business Administration, National Central University, Jung-li City, Taoyuan, TaiwanDepartment of Business Administration, National Central University, Jung-li City, Taoyuan, TaiwanAfter a series of shocking domestic food safety scandals in the past few years, environmental concerns have risen in the eyes of the public. The aim of this paper is to analyse the relationships among firm performance, customer capital, R&D innovation, structural capital, firm asset, environmental turbulence, and the macroeconomy by using the panel data model on Taiwanese food industry firms during 2010-2016 and by examining the results of the multiple regime panel smooth transition regression (MR-PSTR) model. The findings show that environmental turbulence and the misery index have a negative relationship on firms' performance, while there is a positive relationship between customer capital and firm performance. However, under high environmental turbulence, customer capital and firm performance are negatively related, meaning that a firm's marketing promotion will be ineffective. This study recommends that the food industry establish a high degree of trust from society and consumers. It is also important for the food industry to establishes a positive attitude towards quality requirements.https://agricecon.agriculturejournals.cz/artkey/age-201902-0006_firms-profitability-from-firm-specific-factor-environmental-turbulence-and-macroeconomic-evidence-from-taiw.phpenvironmental turbulencemisery indexmultiple regime panel smooth transition regression (mr-pstr) modelstructural capital |
| spellingShingle | Joe-Ming Lee Shiu-Wan Hung Chiao-Ming Li Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review Agricultural Economics (AGRICECON) environmental turbulence misery index multiple regime panel smooth transition regression (mr-pstr) model structural capital |
| title | Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review |
| title_full | Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review |
| title_fullStr | Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review |
| title_full_unstemmed | Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review |
| title_short | Firms' profitability from firm-specific factor, environmental turbulence, and macroeconomic: evidence from Taiwan's food industry - A review |
| title_sort | firms profitability from firm specific factor environmental turbulence and macroeconomic evidence from taiwan s food industry a review |
| topic | environmental turbulence misery index multiple regime panel smooth transition regression (mr-pstr) model structural capital |
| url | https://agricecon.agriculturejournals.cz/artkey/age-201902-0006_firms-profitability-from-firm-specific-factor-environmental-turbulence-and-macroeconomic-evidence-from-taiw.php |
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