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MODELING FINANCIAL ASSET DEMANDS OF SMALL AGRIBUSINESS FIRMS: A PORTFOLIO THEORY APPROACH

This study derives a demand model for small firm finances using a portfolio allocation theory. The assumption of the manager versus the firm as the primary financial decision-maker of small firm is tested. We employ empirical techniques that allow for indirect utility estimation in a discrete-continuous choice model.
Year of publication:
2001
Authors: Holmes, Marionette ; Park, Timothy A.
Institutions: Agricultural and Applied Economics Association - AAEA
Subject: Multinomial sample selectivity model | portfolio holidngs | capital structure | Agribusiness
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series 2001 Annual meeting, August 5-8, Chicago, IL Number 20461
Source:
Persistent link: https://www.econbiz.de/10005503654
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