ACCESS TO CAPITAL AND FIRM-LEVEL INVESTMENT BEHAVIOR IN FOOD INDUSTRIES: A COMPARISON OF COOPERATIVES AND PUBLICLY TRADED FIRMS

Fabio Ribas Chaddad and Thomas Heckelei

No 22205, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper compares investment behavior of agricultural cooperatives and publicly traded firms in the food industry. The importance of financial constraints is examined by exploring whether ownership structure affects investment sensitivity to cash flow using a panel data approach based on the Q-theory of investment.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 26
Date: 2003
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22205

DOI: 10.22004/ag.econ.22205

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