Financing availability and investment decisions of slovenian farms during the transition to a market economy
Document title: Financing availability and investment decisions of slovenian farms during the transition to a market economy
Journal: Journal of applied economics
Database: CLASE
System number: 000423818
ISSN: 1667-6726
Authors: 1
1
Institutions: 1University of Primorska, Faculty of Management, Koper. Eslovenia
2Institut National de la Recherche Agronomique, Rennes, Ille-et-Vilaine. Francia
Year:
Season: Nov
Volumen: 14
Number: 2
Pages: 297-317
Country: Argentina
Language: Inglés
Document type: Artículo
Approach: Analítico
English abstract 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
Disciplines: Economía
Keyword: Inversiones,
Economía agrícola,
Condiciones económicas,
Granjas,
Finanzas privadas,
Sistema financiero,
Subsidios,
Decisiones de inversión,
Eslovenia
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