• Login
    View Item 
    •   T-Stór
    • Rural Economy & Development Programme
    • Agricultural Economics
    • View Item
    •   T-Stór
    • Rural Economy & Development Programme
    • Agricultural Economics
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of T-StórCommunitiesPublication DateAuthorsTitlesSubjectsFunderThis CollectionPublication DateAuthorsTitlesSubjectsFunderProfilesView

    My Account

    LoginRegister

    Information

    Deposit AgreementLicense

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    The role of investment, fundamental Q and financing frictions in agricultural investment decisions: an analysis pre and post financial crisis

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    Name:
    role of investment.pdf
    Size:
    444.4Kb
    Format:
    PDF
    Download
    Author
    O'Toole, Conor M.
    Newman, Carol
    Hennessy, Thia
    Keyword
    Credit Constraints
    Firm Level Investment,
    Tobin's Q
    Debt
    Date
    2011
    
    Metadata
    Show full item record
    Statistics
    Display Item Statistics
    URI
    http://hdl.handle.net/11019/689
    Citation
    O'Toole, C. M., Newman, C. and Hennessy, T. The role of investment, fundamental Q and financing frictions in agricultural investment decisions: an analysis pre and post financial crisis. REDP Working Paper Series
    Abstract
    This paper uses a fundamental Q model of investment to consider the role played by nancing frictions in agricultural investment decisions, controlling econometrically for censoring, heterogeneity and errors-in-variables. Our ndings suggest that farmer's in- vestment decisions are not driven by market fundamentals. We nd some evidence that debt overhang restricts investment but investment is not dependent on liquidity or internal funds. The role of nancing frictions in determining investment decisions changes in the post- nancial crisis period when debt overhang becomes a signi cant impediment to farm investment. The evidence suggests that farmers increasingly rely on internal liquidity to drive investment. Finally, we nd no evidence that farmers use o -farm capital to fund on-farm investment.
    Funder
    Teagasc Walsh Fellowship Programme
    Collections
    Agricultural Economics
    Agricultural Economics
    Agricultural Economics

    entitlement

     
    DSpace software copyright © 2002-2017  DuraSpace
    Quick Guide | Contact Us | Send Feedback
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.