Fertő, Imre; Bojnec, Štefan; Fogarasi, József; … - In: Baltic Journal of Economics 21 (2021) 1, pp. 60-84
This article investigates dairy farm investment behaviour and the presence of soft budget constraints in the dairy … accountancy panel data for the years 2007-2015. The empirical results confirm that gross dairy farm investment is positively … associated with gross dairy farm investment for the previous year for financially unconstrained dairy farms, and negatively for …