Data/hora: 16/06/2024 09:20:04

Provedor de dados: | 31
País: | United States
Título: | Debt Financing and Efficiency in Agricultural Firms
Autores: | Alarcón,   Silverio.
Data: | 2007-07-02
Ano: | 2007
Palavras-chave: | Debt financing; Efficiency; Agricultural sector; Nonparametric methods; Agricultural Finance.
Resumo: | In this work the effects of large- and short-term debts on efficiency are  tested on a set of agricultural firms. Accounting data of crop, livestock, mixed and service firms are used. First, the efficiencies of the farms are obtained by using nonparametric methods (input-oriented DEA). Then, in a second stage, censored regressions are run with different kinds of explicative variables, including financial ratios. The results show a significative and positive relationship between short-term indebtedness and efficiency, which would be agree with some theories positing that firms with higher short-run obligations make additional efforts to satisfy their payments, and this leads to an improvement of efficiency.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

25948

http://purl.umn.edu/9436

Editor: | AgEcon Search

Relação:

European Association of Agricultural Economists&gt;103rd Seminar, April 23-25, 2007, Barcelona, Spain

103rd EAAE Seminar 'Adding Value to the Agro-Food Supply Chain in the Future Euromediterranean Space'

Formato:

15

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