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Financing availability and investment decisions of Slovenian farms during the transition to a market economyBojnec, Štefan ; Latruffe, LaureThis 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 farmsʼ 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.Source: Journal of applied economics. - ISSN 1514-0326 (Vol. 14, no. 2, nov. 2011, str. 297-317)Type of material - article, component partPublish date - 2011Language - englishCOBISS.SI-ID - 4221399
Author
Bojnec, Štefan |
Latruffe, Laure
Topics
farms |
investments |
accelerator model |
financial constraints |
soft budget constraint |
subsidies |
Slovenia |
kmetije |
investicije |
pospeševanje |
financiranje |
proračun |
subvencije |
Slovenija
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Database name | Field | Year |
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Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
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Bojnec, Štefan | 05677 |
Latruffe, Laure | ![]() |
Source: Personal bibliographies
and: SICRIS
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