The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions

J.M.E. Pennings, O. Isengildina, S.H. Irwin, D.L. Good

Research output: Contribution to conferenceConference paperAcademicpeer-review

Abstract

Abstract To date, there is only fragmented and anecdotal information about the impact of the recommendations of market advisory services (MAS) on producers¿ decision-making. A conceptual framework is developed in which, among others, producers¿ risk attitudes and risk perceptions; producers¿ perceptions about MAS performance and delivery; and match between the MAS and the producer¿s marketing philosophy are hypothesized to influence the impact of MAS on producers¿ marketing decisions. Data from 656 U.S. producers were used and the impact of MAS on producers¿ marketing decisions was tested using an ordered probit model. The empirical results reveal that not only the perceived MAS performance, but also the way in which MAS recommendations are delivered, and the match between MAS and producer¿s marketing philosophy are important factors explaining the impact of MAS recommendations.
Original languageEnglish
Publication statusPublished - 2004
EventAmerican Agricultural Economics Association Annual Meeting - 2004 -
Duration: 1 Aug 20044 Aug 2004

Conference

ConferenceAmerican Agricultural Economics Association Annual Meeting - 2004
Period1/08/044/08/04

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Marketing
Services marketing
Service performance
Marketing philosophy
Risk perception
Ordered probit model
Risk attitude
Decision making
Empirical results
Service delivery
Conceptual framework
Factors

Cite this

Pennings, J. M. E., Isengildina, O., Irwin, S. H., & Good, D. L. (2004). The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions. Paper presented at American Agricultural Economics Association Annual Meeting - 2004, .
Pennings, J.M.E. ; Isengildina, O. ; Irwin, S.H. ; Good, D.L. / The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions. Paper presented at American Agricultural Economics Association Annual Meeting - 2004, .
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abstract = "Abstract To date, there is only fragmented and anecdotal information about the impact of the recommendations of market advisory services (MAS) on producers¿ decision-making. A conceptual framework is developed in which, among others, producers¿ risk attitudes and risk perceptions; producers¿ perceptions about MAS performance and delivery; and match between the MAS and the producer¿s marketing philosophy are hypothesized to influence the impact of MAS on producers¿ marketing decisions. Data from 656 U.S. producers were used and the impact of MAS on producers¿ marketing decisions was tested using an ordered probit model. The empirical results reveal that not only the perceived MAS performance, but also the way in which MAS recommendations are delivered, and the match between MAS and producer¿s marketing philosophy are important factors explaining the impact of MAS recommendations.",
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Pennings, JME, Isengildina, O, Irwin, SH & Good, DL 2004, 'The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions' Paper presented at American Agricultural Economics Association Annual Meeting - 2004, 1/08/04 - 4/08/04, .

The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions. / Pennings, J.M.E.; Isengildina, O.; Irwin, S.H.; Good, D.L.

2004. Paper presented at American Agricultural Economics Association Annual Meeting - 2004, .

Research output: Contribution to conferenceConference paperAcademicpeer-review

TY - CONF

T1 - The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions

AU - Pennings, J.M.E.

AU - Isengildina, O.

AU - Irwin, S.H.

AU - Good, D.L.

N1 - August 1-4

PY - 2004

Y1 - 2004

N2 - Abstract To date, there is only fragmented and anecdotal information about the impact of the recommendations of market advisory services (MAS) on producers¿ decision-making. A conceptual framework is developed in which, among others, producers¿ risk attitudes and risk perceptions; producers¿ perceptions about MAS performance and delivery; and match between the MAS and the producer¿s marketing philosophy are hypothesized to influence the impact of MAS on producers¿ marketing decisions. Data from 656 U.S. producers were used and the impact of MAS on producers¿ marketing decisions was tested using an ordered probit model. The empirical results reveal that not only the perceived MAS performance, but also the way in which MAS recommendations are delivered, and the match between MAS and producer¿s marketing philosophy are important factors explaining the impact of MAS recommendations.

AB - Abstract To date, there is only fragmented and anecdotal information about the impact of the recommendations of market advisory services (MAS) on producers¿ decision-making. A conceptual framework is developed in which, among others, producers¿ risk attitudes and risk perceptions; producers¿ perceptions about MAS performance and delivery; and match between the MAS and the producer¿s marketing philosophy are hypothesized to influence the impact of MAS on producers¿ marketing decisions. Data from 656 U.S. producers were used and the impact of MAS on producers¿ marketing decisions was tested using an ordered probit model. The empirical results reveal that not only the perceived MAS performance, but also the way in which MAS recommendations are delivered, and the match between MAS and producer¿s marketing philosophy are important factors explaining the impact of MAS recommendations.

M3 - Conference paper

ER -

Pennings JME, Isengildina O, Irwin SH, Good DL. The Impact of Marketing Advisory Service Recommendations on Producers' Marketing Decisions. 2004. Paper presented at American Agricultural Economics Association Annual Meeting - 2004, .