Financing availability and investment decisions of slovenian farms during the transition to a market economy
Título del documento: Financing availability and investment decisions of slovenian farms during the transition to a market economy
Revista: Journal of applied economics
Base de datos: CLASE
Número de sistema: 000423818
ISSN: 1667-6726
Autores: 1
1
Instituciones: 1University of Primorska, Faculty of Management, Koper. Eslovenia
2Institut National de la Recherche Agronomique, Rennes, Ille-et-Vilaine. Francia
Año:
Periodo: Nov
Volumen: 14
Número: 2
Paginación: 297-317
País: Argentina
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico
Resumen en inglés This paper investigates the financial determinants of investment decisions made by Slovenian family farms during the transition to a market economy in the period 1994-2003. Results from standard and augmented accelerator models indicate that farms’ investment decisions were based on market opportunities during this period, ruling out the presence of soft budget constraints, but that these decisions were constrained by the availability of finance. Further analyses reveal a non-significant impact of investment subsidies received by farms, but a positive impact of operational subsidies for small farms only, on the alleviation of financial constraints
Disciplinas: Economía
Palabras clave: Inversiones,
Economía agrícola,
Condiciones económicas,
Granjas,
Finanzas privadas,
Sistema financiero,
Subsidios,
Decisiones de inversión,
Eslovenia
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