Data/hora: 11/06/2024 03:40:15

Provedor de dados: 	31	
País: 	United States	
Título: 	Farm Capital Structure Choice under Credit Constraint: Theory and Application	
Autores: 	Wu,   Feng; Guan,   Zhengfei.	
Data: 	2008-05-08	
Ano: 	2008	
Palavras-chave: 	Capital Structure; Cost of Debt; Credit Constraint; Quantile Regression; Agricultural Finance.	
Resumo: 	This study proposed a theoretical framework for analyzing farm capital structure choice. The theoretical model recognizes that the costs of debt are endogenously determined which in turn reflect the degree of credit constraint faced by individual borrowers. Based on the proposed model, we derived the impacts of different determinants on capital structure choice analytically. The theoretical inferences are further tested with empirical data. Methodologically, we proposed a fixed-effect quantile regression procedure to estimate the impacts of determinants at different ranges of leverage. The effects of determinants are discussed in the empirical application.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	30152

http://purl.umn.edu/6130	
Relação: 	American Agricultural Economics Association&gt;2008 Annual Meeting, July 27-29, 2008, Orlando, Florida

Selected Paper

470697	
Formato: 	27