Larsen, Ryan; Leatham, David; Sukcharoen, Kunlapath - In: Agricultural Finance Review 75 (2015) 3, pp. 368-384
Purpose – Portfolio theory suggests that geographical diversification of production units could potentially help manage …’s acreage allocation problem to examine the potential benefits of risk reduction from a geographical diversification strategy in … benchmark. Findings – The mean-CVaR optimization results suggest that geographical diversification is a viable risk management …