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Vertical diversification in the pork industry a portfolio theory approach

Vertical diversification in the pork industry a portfolio theory approach Markowitzs meanvariance approach is used to identify the returns to vertical investment in the pork industry. In addition to previous efforts, this paper considers not only returns to stock ownership, but uses operating return on investment in pork slaughter and hog production to evaluate the impacts of vertical investment within the industry segment. Results suggest there are indeed diversification incentives for vertical investment in the pork industry. However, results do differ for vertical direct investment versus investment through stock ownership. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Agricultural Finance Review Emerald Publishing

Vertical diversification in the pork industry a portfolio theory approach

Agricultural Finance Review , Volume 62 (2): 15 – Nov 1, 2002

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0002-1466
DOI
10.1108/00214950280001136
Publisher site
See Article on Publisher Site

Abstract

Markowitzs meanvariance approach is used to identify the returns to vertical investment in the pork industry. In addition to previous efforts, this paper considers not only returns to stock ownership, but uses operating return on investment in pork slaughter and hog production to evaluate the impacts of vertical investment within the industry segment. Results suggest there are indeed diversification incentives for vertical investment in the pork industry. However, results do differ for vertical direct investment versus investment through stock ownership.

Journal

Agricultural Finance ReviewEmerald Publishing

Published: Nov 1, 2002

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