Papers & Books

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Pennings, J.M.E. and P. Garcia (2008), “The Informational Content of the Shape of Utility Functions: Financial Strategic Behavior,”Managerial & Decision Economics, forthcoming.

Pennings, J.M.E and D. Grossman (2008), “Responding to Crises and Disasters: The Role of Risk Attitudes & Risk Perceptions.”Disasters: The Journal of Disaster Studies, Policy and Management.

Van Ittersum, K., and J.M.E. Pennings (2008), “Does Priming Reference Points Alter Attribute-Value Functions, and As a Result Attribute Importance and Choice?”Advances in Consumer Research, Vol. 35, forthcoming

Pennings, J.M.E., O. Isengildina, S. Irwin, p. Garcia, and D.L. Good (2008) “Producers Complex Risk Management Choices.” Agribusiness: An International Journal, 24 (1): 31-54.

Mattos, F., P. Garcia and J.M.E. Pennings (2008), “Probability Weighting and Loss Aversion in Futures Hedging.”Journal of Financial Markets.

Isengildina, O, Pennings, J.M.E., S.H. Irwin and D.L. Good (2006), “U.S. Crop Farmers’ Use of Market Advisory Services,” Journal of International Food & Agribusiness Marketing 18 (3/4): 67-86.

Kuwornu, J.K.M., W.E. Kuiper, J.M.E. Pennings, and M.T.G. Meulenberg (2005), “Incentive Provision and Coordination Costs in Food-Marketing Channels: A Multi-Stage Channel-Agency Theory Perspective,” Journal of Food Distribution Research, 36 1 (March), 85-90.

Pennings, J.M.E., S. Irwin, D. Good, and O. Isengildina (2005), “Heterogeneity in the Likelihood of Market Advisory Service Use by U.S. Crop Producers,” Agribusiness: An International Journal, 21 1 (January), 109-128.

Kuwornu, J.K.M., W.E. Kuiper, J.M.E. Pennings and M.T.G. Meulenberg (2005), “Time-Varying Hedge Ratios: A Principal-Agent Approach,” Journal of Agricultural Economics, forthcoming.

Pennings, J.M.E., P. Garcia and E. Hendrix (2005), “Towards A Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface,” Journal of Bioeconomics, 7: 113-127.

Pennings, J.M.E. and P. Garcia (2004), "Hedging Behavior in Small and Medium-sized Enterprises: The Role of Unobserved Heterogeneity," Journal of Banking & Finance, 28 5(May), 951-978.

Pennings, J.M.E. and B. Wansink (2004), "Channel Contract Behavior: the Role of Risk Attitude, Risk Perceptions, and Channel Members' Market Structures," Journal of Business, 77 4(October), 697-723.

Pennings, J.M.E., O. Isengildina, S. Irwin, and D. Good (2004), “The Impact of Market Advisory Service Recommendations on Producers’ Marketing Decisions,” Journal of Agricultural & Resource Economics, 29 2(August), 308-327.

Mahul, O and J.M.E. Pennings (2004), “Introduction to the Special Issue on Risk Behaviour of Market Participants,” European Review of Agricultural Economics, 31 (3): 233-234.

Pennings, J.M.E (2004), "A Marketing-Finance Approach towards Channel Contract Relationships: A Model and Application," Journal of Business Research, 57(6): 601-609.

Pennings, J.M.E. and A. Smidts (2003), "The Shape of Utility Functions & Organizational Behavior," Management Science, 49(9) (September): 1251-1263.

Pennings, J.M.E., M.J.J.M. Candel and T.M. Egelkraut (2003), "A Behavioral Decision Making-Modeling Approach Towards Hedging Services," Journal of Behavioral Finance, 4(2): 71-84.

Pennings, J.M.E and T. M. Egelkraut (2003), "Research in Agricultural Futures Markets: Integrating the Finance and Marketing Approach," Agrarwirtschaft [Agricultural Economics], 52(6): 300-308.

Kuiper, W.E., J.M.E. Pennings and M.T.G. Meulenberg (2002), "Identification by Full Adjustment: Evidence from the Relationship Between Futures and Spot Prices," European Review of Agricultural Economics, 29(1): 67-84.

Pennings, J.M.E, B. Wansink, and M.T.G. Meulenberg (2002), "A Note on Modeling Consumer Reactions to a Crisis: The Case of the Madcow Disease," International Journal of Research in Marketing, 19(1): 91-100.

Pennings, J.M.E (2002), "Pulling the Trigger or Not: Factors Affecting Behavior of Initiating a Position in Derivatives Markets," Journal of Economic Psychology, 23(April): 263-278.

Pennings, J.M.E., S. Irwin and D. Good (2002), "Surveying Farmers: A Case Study," Review of Agricultural Economics, 24(1), (Spring/Summer): 266-277.

Pennings, J.M.E. and R.M. Leuthold (2001), "A Behavioral Approach towards Futures Contract Usage," Australian Economic Papers, 40(December): 461-478.

Pennings, J.M.E. and R.M. Leuthold (2001), "Introducing New Futures Contracts: Reinforcement versus Cannibalism," Journal of International Money & Finance, 20(5): 659-675.

Pennings, J.M.E. and P. Garcia (2001), "Measuring Producers' Risk Preferences: A Global Risk Attitude Construct," American Journal of Agricultural Economics, 83(November): 993-1009.

Pennings, J.M.E. and R.M. Leuthold (2000), "The Role of Farmers' Behavioral Attitudes and Heterogeneity in Futures Contracts Usage," American Journal of Agricultural Economics, 82(4): 908-919.

Pennings, J.M.E. and A. Smidts (2000), "Assessing the Construct Validity of Risk Attitude," Management Science, 46(10): 1337-1348.

Pennings, J.M.E. and R.M. Leuthold (2000), "The Motivation for Hedging Revisited," Journal of Futures Markets, 20(9): 865-885.

Candel, M.J.J.M. and J.M.E. Pennings (1999), "Attitude-Based Binary Models for Binary Choices: A Test of Choices Involving an Innovation," Journal of Economic Psychology, 20(5): 547-569.

Pennings, J.M.E., M.G.M. Wetzels, and M.T.G. Meulenberg (1999), "The Marketing-Finance Interface Towards Financial Services: with Special Reference to New Services Provided by Futures Exchanges," European Journal of Marketing, 33(5/6): 531-547.

Pennings, J.M.E. (1998), "The Information Dissemination Process of Futures Exchange Innovations: A Note," Journal of Business Research, 43(3): 141-145.

Pennings, J.M.E., W.E Kuiper, F. ter Hofstede, and M.T.G. Meulenberg (1998), "The Price Path Due to Order Imbalances: Evidence from the Amsterdam Agricultural Futures Exchange," European Financial Management, 4 (1); 47-64.

Pennings, J.M.E. and M.T.G. Meulenberg (1997), "Hedging Efficiency: A Futures Exchange Management Approach," Journal of Futures Markets, 17(5): 599-615.

Pennings, J.M.E., W.J.M. Heijman, and M.T.G. Meulenberg (1997), "The Dimensions of Rights: A Classification of Environmental Rights and Production Rights," European Journal of Law and Economics, 4: 55-71.

Pennings, J.M.E. and M.T.G. Meulenberg (1997), "The Hedging Performance in New Agricultural Futures Markets: A Note," Agribusiness: An International Journal, 13(3): 295-300.

Pennings, J.M.E. and W.J.M. Heijman (1995), "Prospects for an Electricity Futures Market: A Comment," Resources Policy, 21(4): 283-284.

Selected Books

These books are available through FS-Innovators:

Pennings, J.M.E. (2003), “What Drives Actual Hedging Behaviour? Developing Risk Management Instruments,” in Nigel Scott (ed), Agribusiness and Commodity Risk: Strategies and Management, p.63-74. Risk Books, London, United Kingdom. ISBN 1 904339107

Pennings, J.M.E. (2002). Book review of "Stock-Market Psychology: How People Value and Trade Stocks." Edward Elgar Publishing, 2001, ISBN 1-84064-736-1. Journal of Economic Psychology 23, (4): 546

Pennings, J.M.E. (1998), “The Market for Hedging Services: A Marketing-Finance Approach”, Mansholt Studies 12, (ISSN 1383-6803 - ISBN 90-6754-524-4) 370 pp, Wageningen, The Netherlands.

Pennings, J.M.E. and M.T.G. Meulenberg (1997), “A Futures Market for Agricul­tural Produc­tion Rights: an Appli­ca­tion to the Dutch, English and Welsh Milkqu­ota Market,” in: Huirne, R.B.M., J.B. Hardaker, and A.A. Dijkhuizen (eds) Risk Management Strategies in Agricul­ture: State of the Art and Future Perspectives, Mansholt Studies, 7 p. 163-172, Wageningen, The Netherlands.