Next Article in Journal
Milk Protein Polymorphism Characterization: a Modern Tool for Sustainable Conservation of Endangered Romanian Cattle Breeds in the Context of Traditional Breeding
Next Article in Special Issue
Enhancing Eco-Efficiency of Agro-Products’ Closed-Loop Supply Chain under the Belt and Road Initiatives: A System Dynamics Approach
Previous Article in Journal
Quinoa Expansion in Peru and Its Implications for Land Use Management
Previous Article in Special Issue
Constructing a Hierarchical Agribusiness Framework in Chinese Belt and Road Initiatives under Uncertainty
Article Menu
Issue 2 (February) cover image

Export Article

Open AccessArticle
Sustainability 2018, 10(2), 533;

A Hybrid Approach to Explore the Risk Dependency Structure among Agribusiness Firms

2,3,* and 4,5
Faculty of Management and Economics, Dalian University of Technology, Dalian 116024, China
School of Business, Dalian University of Technology, Panjin 124221, China
China Business Executives Academy, Dalian 116086, China
College of Mechanical Engineering, Chongqing University, Chongqing 400044, China
Centre for Business in Society, Coventry University, Coventry CV1 5FB, UK
Author to whom correspondence should be addressed.
Received: 12 January 2018 / Revised: 13 February 2018 / Accepted: 14 February 2018 / Published: 16 February 2018
Full-Text   |   PDF [1240 KB, uploaded 23 February 2018]   |  


Although the risk management of agricultural firms is important, studies on the extreme risk dependence among agribusiness firms are minimal due to the diversity and complexity of the risks faced by agricultural firms. In this study, we developed a hybrid approach to analyse and uncover the potential risk dependence among agricultural firms. We examined thirty-two agricultural companies to study their dependence structure for risk losses. Three primary findings emerged. First, risk dependence is strong with an average value of 0.96. Second, the dependence structure is hierarchical and includes two network communities. Third, some key agricultural firms were identified in the dependence structure. These key firms are critical for the transmission of negative impacts across agricultural firms. Correspondingly, we suggest measures and strategies (such as improving the level of technological innovation and joint risk resistance capability) to reduce the impact of risk dependence. View Full-Text
Keywords: risk losses; dependence structure; copula; minimum spanning trees; agribusiness risk losses; dependence structure; copula; minimum spanning trees; agribusiness

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

Share & Cite This Article

MDPI and ACS Style

Lei, Z.; Wu, K.-J.; Cui, L.; Lim, M.K. A Hybrid Approach to Explore the Risk Dependency Structure among Agribusiness Firms. Sustainability 2018, 10, 533.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics



[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top