HP code | Exogenous variable | Â | Endogenous variable | HP description |
---|---|---|---|---|
H1.1 | Governance | → (+) | Milk price | More formal types of governance are associated with better economic performance of farms, i.e., higher milk prices |
H1.2.1 | Firm size | → (+) | Governance | Larger firms are more likely to adopt more formal types of governance in their relation with processors |
H1.2.2 | Firm size | → (+) | Milk price | Larger farms are more likely to obtain higher prices for their milk |
H1.3.1 | Technology | → (+) | Governance | Breeders using modern technologies are more likely to adopt more formal types of governance in their relation with processors |
H1.3.2 | Technology | → (+) | Milk price | Breeders using modern technologies are more likely to obtain higher prices |
H1.3.3 | Technology | → (+) | Firm size | Breeders using modern technologies are more likely to run larger farms |
H1.4.1 | Association | → (+) | Governance | Breeders appreciating the support of trade association are more likely to adopt less formal types of governance in their relation with processors |
H1.4.2 | Association | → (+) | Milk price | Breeders appreciating the support of trade association are more likely to obtain higher prices |
H1.4.3 | Association | → (+) | Firm size | Breeders appreciating the support of trade association are more likely to run larger farms |
H1.5.1 | Credit | → (+) | Governance | Breeders appreciating the financial support of banks are more likely to adopt more formal types of governance in their relation with processors |
H1.5.2 | Credit | → (+) | Milk price | Breeders appreciating the financial support of banks are more likely to obtain higher prices |
H1.5.3 | Credit | → (+) | Firm size | Breeders appreciating the financial support of banks are more likely to run larger farms |