Financial Flexibility in agricultural investment decisions: A discrete choice experiment

Friederike Anastassiadis, Ulf Liebe and Oliver Musshoff

Agricultural Economics Review, 2015, vol. 16, issue 01, 12

Abstract: Using a discrete choice experiment we examine the role of financial flexibility in agricultural investment decisions. The data is analyzed with a mixed logit model and reveals that financial flexibility is an important decision-making factor. Every third participant indicates that, compared to the criteria profitability and risk, financial flexibility is even determining his/her investment decision. Furthermore, it was possible to quantify an economic value for the financial flexibility that is significantly different from zero.

Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aergaa:253690

DOI: 10.22004/ag.econ.253690

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