ASYMMETRIC INFORMATION, CAPITAL STRUCTURE AND AGRICULTURAL INVESTMENT

Carl-Johan Lagerkvist and Kent Olson

No 20652, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper explicitly models the interdependent finance and investment decision in order to increase the understanding on how fluctuations in agricultural investment are attributable to changes in financial decisions. Euler equations for investment and finance are estimated by the use of the GMM technique on an unbalanced panel data set for 342 farm operations in Southwestern Minnesota for the 1989-1998 period.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 25
Date: 2001
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20652

DOI: 10.22004/ag.econ.20652

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