Debt Financing and Efficiency in Agricultural Firms
| dc.creator | Alarcón, Silverio | |
| dc.date | 2017-04-01T13:55:59Z | |
| dc.date.accessioned | 2026-07-09T02:55:51Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.9436 | |
| dc.identifier | https://ageconsearch.umn.edu/record/9436/files/sp07al01.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/9436 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/523117 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/9436 | |
| dc.title | Debt Financing and Efficiency in Agricultural Firms | |
| dc.type | Text |