| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Debt Financing and Efficiency in Agricultural Firms
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| Autores: |
Alarcón, Silverio
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| Data: |
2007-07-02
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| Ano: |
2007
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| Palavras-chave: |
Debt financing
Efficiency
Agricultural sector
Nonparametric methods
Agricultural Finance
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| 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.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
25948
http://purl.umn.edu/9436
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| Editor: |
AgEcon Search
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| Relação: |
European Association of Agricultural Economists>103rd Seminar, April 23-25, 2007, Barcelona, Spain
103rd EAAE Seminar 'Adding Value to the Agro-Food Supply Chain in the Future Euromediterranean Space'
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| Formato: |
15
application/pdf
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