Optimal Capital Structure as Business Risk Changes

Allen Featherstone

No 271544, 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida from Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk

Abstract: Optimal capital structure is one of the more important decisions farmers make. This study quantitatively examines how optimal capital structure may change as land quality changes. Results suggest that farmers on poor quality land will raise more hogs and own less farmland if the increased riskiness of marginal land is not bid into the mean returns to assets.

Keywords: Industrial Organization; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 22
Date: 1990-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/271544/files/SrnRegPrj-034.pdf (application/pdf)
https://ageconsearch.umn.edu/record/271544/files/S ... 4.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:rrsr90:271544

DOI: 10.22004/ag.econ.271544

Access Statistics for this paper

More papers in 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida from Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk
Bibliographic data for series maintained by AgEcon Search ().