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| Gallerani, Vittorio; Gomez y Paloma, Sergio; Raggi, Meri; Viaggi, Davide. |
| The objective of this paper is identify the determinants of reaction to decoupling, focusing, in particular, on farm strategies and investment behaviour both on-farm and off-farm investment. The paper analyses a sample of 248 farm-households located in 8 EU countries, using decision tree algorithms. The factors emerging as determinants of an increase of on-farm investment as a reaction to decoupling are the existence of a successor, age, farm size, part time vs. full time head of farm. Allowing for the use of country variables, these tend to account already for the factors listed above and become the main predictors, followed by labour endowment, specialisation and expectations. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: PAC reform; Investment behaviour; Households; Decoupling; Agricultural and Food Policy; Consumer/Household Economics; Q18; Q12.. |
| Ano: 2008 |
URL: http://purl.umn.edu/44841 |
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| Curtiss, Jarmila; Ratinger, Tomas; Medonos, Tomas. |
| Cooperative and corporate farms have retained an important role for agricultural production in many transition countries of Central and Eastern Europe. Despite this importance, these farms' ownership structure, and particularly the ownership's effect on their investment activity, which is vital for efficient restructuring and the sector's future development, are still not well understood. This paper explores the ownership-investment relationship using data on Czech farms from 1997 to 2008. We allow for ownership-specific variability in farm investment behaviour analyzed by utilizing an errorcorrection accelerator model. Empirical results suggest significant differences in the level of investment activity, responsiveness to market signals, investment... |
| Tipo: Working Paper |
Palavras-chave: Ownership; Investment behaviour; Collective and Corporate Farms; Czech Republic; Community/Rural/Urban Development. |
| Ano: 2012 |
URL: http://purl.umn.edu/122841 |
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| Curtiss, Jarmila; Latruffe, Laure; Medonos, Tomas; Ratinger, Tomas. |
| This paper aims at assessing the relationship between ownership structure, performance and investment activity. In particular it studies how behavioural differences between farms related to ownership structure influence farms' investment activity and thus their further development potential resulting in farm structural changes. The paper analyses a sample of corporate farms over 7 years, 1997-2003, using structural model of three equations including investment accelerator model. This model considers the effect of ownership on (a) technical efficiency as proxy for the quality of operational management, (b) returns on capital as proxy for quality of financial management, (c) investment activity, and (d) investment sensitivity to internal funds as proxy for... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Corporate ownership; Employee ownership; External ownership; Agency problem; Investment behaviour; Financial constraint; Agricultural Finance; Farm Management. |
| Ano: 2007 |
URL: http://purl.umn.edu/7826 |
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