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Testing For The Presence Of Financial Constraints In Agricultural Cooperatives

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  • Chaddad, Fabio Ribas
  • Cook, Michael L.

Abstract

In this paper, we address the issue of financial constraints in agricultural cooperatives. We estimate an augmented Q investment model for a large sample of US agricultural cooperatives and test whether cooperative investment is sensitive to cash flow. Empirical results suggest that agricultural cooperatives are indeed financially constrained when making investment decisions.

Suggested Citation

  • Chaddad, Fabio Ribas & Cook, Michael L., 2001. "Testing For The Presence Of Financial Constraints In Agricultural Cooperatives," 2001 Annual meeting, August 5-8, Chicago, IL 20746, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20746
    DOI: 10.22004/ag.econ.20746
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