Farm household risk balancing: empirical evidence from Switzerland
利用瑞士农场会计数据网络的面板数据，估计固定效应似不相关回归模型，发现农户不仅通过调整农场财务风险来应对商业风险变化（原始风险平衡），还通过改变非农收入占比和相对消费来实现家庭层面的风险平衡，且小农场更依赖家庭风险平衡策略，大农场则相反。
Empirical evidence on household risk balancing behaviour is presented by estimating a fixed effects seemingly unrelated regression model using Swiss Farm Accountancy Data Network data. We find that in response to changes in expected business risks, Swiss farm households not only make strategic farm financial risk decisions (original risk balancing), but also make strategic off-farm decisions (household risk balancing) by altering their share of off-farm income and relative consumption. Small farms appear to make more use of household risk balancing strategies whereas large farms conversely make more use of the original risk balancing strategy.