Understanding producers’ motives to adopt sustainable practices: the role of expected rewards, risk perception, and risk tolerance

D.J.B. Hofenk, J.M.E. Pennings, A.A. Trujillo Barrera

Research output: Contribution to conferenceConference paperAcademic

Abstract

Abstract The purpose of this study is to examine producers’ motives underlying the adoption of sustainable practices. In particular, we focus on expected economic, social, and personal rewards, and examine the roles of producers’ risk perception and risk tolerance. Preliminary results from a survey of 164 hog producers show that the adoption of sustainable practices is affected by expected economic rewards, but not by social and personal rewards. Furthermore, perceived risk is a major barrier to the adoption of sustainable practices and risk tolerance strengthens the effect of expected economic rewards on the probability to adopt sustainable practices. Keywords: motives, adoption of sustainable practices, expected rewards, risk perception, risk tolerance
Original languageEnglish
Publication statusPublished - 2014
EventEAAE, Annual Conference, Ljubljana, Slovenia -
Duration: 26 Aug 201429 Aug 2014

Conference

ConferenceEAAE, Annual Conference, Ljubljana, Slovenia
Period26/08/1429/08/14

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