TESTING FOR THE PRESENCE OF FINANCIAL CONSTRAINTS IN AGRICULTURAL COOPERATIVES

In this paper, we address the issue of financial constraints in agricultural cooperatives. We estimate an augmented Q investment model for a large sample of US agricultural cooperatives and test whether cooperative investment is sensitive to cash flow. Empirical results suggest that agricultural cooperatives are indeed financially constrained when making investment decisions.

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Year of publication:	2001
Authors:	Chaddad, Fabio Ribas ; Cook, Michael L.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Agribusiness

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Extent:	application/pdf
Series:	2001 Annual meeting, August 5-8, Chicago, IL.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2001 Annual meeting, August 5-8, Chicago, IL Number 20746
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005807693