TESTING FOR THE PRESENCE OF FINANCIAL CONSTRAINTS IN AGRICULTURAL COOPERATIVES

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.


Subject(s):
Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20746
Total Pages:
24
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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