This article considers whether differences in the structure of agriculture credit markets in France and the United Kingdom alters the investment sensitivity to financial variables particularly cash flow. Using two panel datasets of French and British farms, three approaches are used to test the...

This article considers whether differences in the structure of agriculture credit markets in France and the United Kingdom alters the investment sensitivity to financial variables particularly cash flow. Using two panel datasets of French and British farms, three approaches are used to test the...

This article considers whether differences in the structure of agriculture credit markets in France and the United Kingdom alters the investment sensitivity to financial variables particularly cash flow. Using two panel datasets of French and British farms, three approaches are used to test the...

This article looks for the determinants of the investment decisions for French farmers in presence of imperfections of the capital market. The access constraints to the credit market which seems to play a growing role in France are taken into account by integrating transaction costs associated...

An investment model of the farm firm is constructed which allows for adjustment costs in investment and transactions costs associated with new borrowing. The presence of transaction costs means that the financial and investment decisions of the farm are simultaneous, and hence that financial...