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	Provedor de dados AgEcon (1) Autor Barry, Peter J. (1) Katchova, Ani L. (1) Zhao, Jianmei (1) Palavra-chave Agribusiness (1) Farm businesses (1) G11 (1) G32 (1) Pecking order theory (1) Q14 (1) Risk and Uncertainty (1) Signaling theory (1) Trade-off theory (1) Mais... Tipo do documento Journal Article (1) Ano 2008 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Signaling Credit Risk in Agriculture: Implications for Capital Structure Analysis AgEcon Zhao, Jianmei; Barry, Peter J.; Katchova, Ani L.. Signaling is an important element in the lender-borrower relationship that influences the cost and availability of debt capital to agricultural borrowers. This paper analyzes the effects of signaling on farm capital structure in conjunction with the pecking order and trade-off theories. The aggregate estimation indicates that signaling does affect agricultural credit relationships through measures of past cash flow and profitability. High-quality borrowers achieve greater credit capacity by providing lenders with valid signals of their financial status, while adjusting toward target debt levels over time and following the pecking order relationship in the short run. Tipo: Journal Article Palavras-chave: Farm businesses; Pecking order theory; Signaling theory; Trade-off theory; Agribusiness; Risk and Uncertainty; G11; G32; Q14. Ano: 2008 URL: http://purl.umn.edu/47260 Registros recuperados: 1 Primeira ... 1 ... Última

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