Financial Flexibility in agricultural investment decisions: A discrete choice experiment

Using a discrete choice experiment we examine the role of financial flexibility in agricultural investment decisions. The data is analyzed with a mixed logit model and reveals that financial flexibility is an important decision-making factor. Every third participant indicates that, compared to the criteria profitability and risk, financial flexibility is even determining his/her investment decision. Furthermore, it was possible to quantify an economic value for the financial flexibility that is significantly different from zero.


Issue Date:
2015
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/253690
Published in:
Agricultural Economics Review, Volume 16, Issue 1
Page range:
47-58
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-29

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)