Determinants of Access to Credit for Corporate Farms in Russia
AbstractAccess to agricultural credit is analysed using logit regression for a sample of corporate farms included in the 2003 BASIS survey. As is normal in market economies, more profitable farms have a higher probability of borrowing from financial institutions. On the other hand, contrary to the pattern in market economies, asset endowments (land and capital stock) have a very weak effect on the ability to borrow, reflecting the low collaterisability of farm assets in Russia. Overdue debt does not significantly restrict the ability to borrow in our analysis, presumably because of the general acceptance of soft budget constraints in the system. Comparative Economic Studies (2005) 47, 181–187. doi:10.1057/palgrave.ces.8100083
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Volume (Year): 47 (2005)
Issue (Month): 1 (March)
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- Pavel Ciaian & d’Artis Kancs, 2011.
"The Impact Of Food Price Shock On Heterogeneous Credit Constrained Firms,"
Annals of Public and Cooperative Economics,
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- Ciaian, Pavel & Kancs, d'Artis, 2009. "The Impact of Food Price Shock on Heterogenous Credit Constrained Firms," 2009 Conference, August 16-22, 2009, Beijing, China 51428, International Association of Agricultural Economists.
- Heidelbach, Olaf, 2007. "Efficiency of selected risk management instruments: An empirical analysis of risk reduction in Kazakhstani crop production," Studies on the Agricultural and Food Sector in Central and Eastern Europe, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO), volume 40, number 92323.
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