Financial Structure, Production and Productivity Growth in U.S. Food Manufacturing Industry

Ferdaus Hossain and Ruchi Jain

No 20756, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper examines the effects of financial decsion on production, input demands, profitability, and productivityis in U.S. food manufacturing industry. Empirical results shows that output supply, variable input demands, profitability and productivity are affected by agency costs of debt and signaling benefits of dividend payments. Positive contribution of signalling benefits of dividend payments was more than offset by the negative effects of agency cost of debt in TFP growth.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 31
Date: 2001
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20756

DOI: 10.22004/ag.econ.20756

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