TESTING FOR THE PRESENCE OF FINANCIAL CONSTRAINTS IN AGRICULTURAL COOPERATIVES

Fabio Ribas Chaddad and Michael L. Cook

No 20746, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 24
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20746

DOI: 10.22004/ag.econ.20746

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