Modeling Financial Asset Demands Of Small Agribusiness Firms: A Portfolio Theory Approach
AbstractThis 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.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20461.
Date of creation: 2001
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Multinomial sample selectivity model; portfolio holidngs; capital structure; Agribusiness;
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