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Provedor de dados:  AgEcon
País:  United States
Título:  Performance of Different Institutional Units in the Czech Republic and the Role of External Financing
Autores:  Davidova, Sophia
Latruffe, Laure
Ratinger, Tomas
Data:  2005-08-16
Ano:  2005
Palavras-chave:  Corporate farms
Czech Republic
Individual farms
Technical efficiency
Resumo:  The paper analyses the relationship between the financial structure of the different institutional units in the Czech Republic and their performance, by testing several theoretical hypotheses. It employs Data Envelopment Analysis to estimate separately corporate and individual farms' technical efficiency, and investigates the effect of indebtedness on efficiency in a second stage, accounting for potential endogeneity. No substantial differences were detected between individual and corporate farms. For both groups higher long-term indebtedness negatively affects farm performance (agency theory and adjustment hypothesis), while the latter is used for appraising loan applications (credit evaluation). Case studies to banks and farms confirmed these findings.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  17162
Editor:  AgEcon Search
Relação:  European Association of Agricultural Economists>94th Seminar, April 9-10, 2005, Ashford, UK
Seminar Paper
Formato:  15


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