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

Chaddad, Fabio Ribas; Heckelei, Thomas

doi:10.22004/ag.econ.22205

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

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.

Subject(s):

Agribusiness

Issue Date:

2003

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.22205

Record Identifier:

https://ageconsearch.umn.edu/record/22205

PURL Identifier:

http://purl.umn.edu/22205