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Memorias de investigación
Communications at congresses:
DEBT FINANCING AND EFFICIENCY IN AGRICULTURAL FIRMS
Year:2007
Research Areas
  • Applied economics
Information
Abstract
In this work the effects of large- and short-term debts on efficiency are tested on a set of agricultural firms. Accounting data of crop, livestock, mixed and service firms are used. First, the efficiencies of the farms are obtained by using nonparametric methods (input-oriented DEA). Then, in a second stage, censored regressions are run with different kinds of explicative variables, including financial ratios. The results show a significative and positive relationship between short-term indebtedness and efficiency, which would be agree with some theories positing that firms with higher short-run obligations make additional efforts to satisfy their payments, and this leads to an improvement of efficiency.
International
Si
Congress
I Mediterranean Conference of Agro-food social scientists
960
Place
Barcelona
Reviewers
No
ISBN/ISSN
Start Date
23/04/2007
End Date
25/04/2007
From page
To page
Participants
  • Autor: Silverio Alarcon Lorenzo (UPM)
Research Group, Departaments and Institutes related
  • Creador: Departamento: Economía y Ciencias Sociales Agrarias
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