Perceived risk and risk management strategies in pond aquaculture

Research output: Contribution to journalJournal articleResearchpeer-review

Standard

Perceived risk and risk management strategies in pond aquaculture. / Rahman, Md Takibur; Nielsen, Rasmus; Khan, Md Akhtaruzzaman ; Ahsan, Dewan.

In: Marine Resource Economics, Vol. 36, No. 1, 2021, p. 43–69.

Research output: Contribution to journalJournal articleResearchpeer-review

Harvard

Rahman, MT, Nielsen, R, Khan, MA & Ahsan, D 2021, 'Perceived risk and risk management strategies in pond aquaculture', Marine Resource Economics, vol. 36, no. 1, pp. 43–69. https://doi.org/10.1086/711066

APA

Rahman, M. T., Nielsen, R., Khan, M. A., & Ahsan, D. (2021). Perceived risk and risk management strategies in pond aquaculture. Marine Resource Economics, 36(1), 43–69. https://doi.org/10.1086/711066

Vancouver

Rahman MT, Nielsen R, Khan MA, Ahsan D. Perceived risk and risk management strategies in pond aquaculture. Marine Resource Economics. 2021;36(1):43–69. https://doi.org/10.1086/711066

Author

Rahman, Md Takibur ; Nielsen, Rasmus ; Khan, Md Akhtaruzzaman ; Ahsan, Dewan. / Perceived risk and risk management strategies in pond aquaculture. In: Marine Resource Economics. 2021 ; Vol. 36, No. 1. pp. 43–69.

Bibtex

@article{bf375f62f7394c4084ab5221a4225588,
title = "Perceived risk and risk management strategies in pond aquaculture",
abstract = "The growing aquaculture industry is facing several challenges including risks and uncertainties. Studies exploring farmers’ risk perceptions and risk management strategies are, however, limited within pond aquaculture, although they are well described within the field of agriculture. This study explores farmers’ risk perceptions and risk management strategies in pond aquaculture and the relationship of risk perceptions and risk management strategies with farm and farmers’ characteristics. The data are analyzed using principal component analysis and multivariate regression. The results show that price variability and financial risks are perceived as the most influential risk factors. Farm management and financing are perceived as the most effective risk management strategies. In most cases, farmers need to focus on more than one risk management strategy to address a particular type of risk. This study provides knowledge of farmers’ risk perceptions and strategies, which can be used to develop better and more focused management strategies.",
author = "Rahman, {Md Takibur} and Rasmus Nielsen and Khan, {Md Akhtaruzzaman} and Dewan Ahsan",
year = "2021",
doi = "10.1086/711066",
language = "English",
volume = "36",
pages = "43–69",
journal = "Marine Resource Economics",
issn = "0738-1360",
publisher = "University of Chicago Press",
number = "1",

}

RIS

TY - JOUR

T1 - Perceived risk and risk management strategies in pond aquaculture

AU - Rahman, Md Takibur

AU - Nielsen, Rasmus

AU - Khan, Md Akhtaruzzaman

AU - Ahsan, Dewan

PY - 2021

Y1 - 2021

N2 - The growing aquaculture industry is facing several challenges including risks and uncertainties. Studies exploring farmers’ risk perceptions and risk management strategies are, however, limited within pond aquaculture, although they are well described within the field of agriculture. This study explores farmers’ risk perceptions and risk management strategies in pond aquaculture and the relationship of risk perceptions and risk management strategies with farm and farmers’ characteristics. The data are analyzed using principal component analysis and multivariate regression. The results show that price variability and financial risks are perceived as the most influential risk factors. Farm management and financing are perceived as the most effective risk management strategies. In most cases, farmers need to focus on more than one risk management strategy to address a particular type of risk. This study provides knowledge of farmers’ risk perceptions and strategies, which can be used to develop better and more focused management strategies.

AB - The growing aquaculture industry is facing several challenges including risks and uncertainties. Studies exploring farmers’ risk perceptions and risk management strategies are, however, limited within pond aquaculture, although they are well described within the field of agriculture. This study explores farmers’ risk perceptions and risk management strategies in pond aquaculture and the relationship of risk perceptions and risk management strategies with farm and farmers’ characteristics. The data are analyzed using principal component analysis and multivariate regression. The results show that price variability and financial risks are perceived as the most influential risk factors. Farm management and financing are perceived as the most effective risk management strategies. In most cases, farmers need to focus on more than one risk management strategy to address a particular type of risk. This study provides knowledge of farmers’ risk perceptions and strategies, which can be used to develop better and more focused management strategies.

U2 - 10.1086/711066

DO - 10.1086/711066

M3 - Journal article

VL - 36

SP - 43

EP - 69

JO - Marine Resource Economics

JF - Marine Resource Economics

SN - 0738-1360

IS - 1

ER -

ID: 252678283