Partial Vertical Integration, Risk Shifting, and Product Rejection in the High-Value Export Supply Chain : The Ghana Pineapple Sector
Partial Vertical Integration, Risk Shifting, and Product Rejection in the High-Value Export Supply Chain : The Ghana Pineapple Sector
复制标题
高价值出口供应链中的部分垂直整合、风险转移和产品拒绝:加纳菠萝行业
DOI:
10.1016/j.worlddev.2011.02.007
复制
发表时间:
2011
影响因子:
6.9
通讯作者:
and R.J.Sexton
中科院分区:
文献类型:
--
作者:
Suzuki;A.;L.S.Jarvis;and R.J.Sexton
High-value export supply chains hold potential to improve smallholders’ welfare, but their relative production inefficiency and moral hazard problems can cause exporters to prefer vertically integrated plantation production. However, pineapple exporters in Ghana produce both for their own account and purchase from smallholders. We hypothesize that vertical integration is only partial because exporters face large market risks that smallholders, surprisingly, are better able to absorb. We show empirically that exporters’ average rejection rate of export-quality fruit is high and varies in response to unanticipated fluctuations in European demand. These results support the hypothesis and are consistent with theories of partial vertical integration but not the standard principal-agent paradigm.