{"title":"农业投资决策中的财务灵活性:一个离散选择实验","authors":"Friederike Anastassiadis, U. Liebe, O. Musshoff","doi":"10.22004/AG.ECON.253690","DOIUrl":null,"url":null,"abstract":"Using a discrete choice experiment we examine the role of financial flexibility in agricultural investment decisions. The data is analyzed with a mixed logit model and reveals that financial flexibility is an important decision-making factor. Every third participant indicates that, compared to the criteria profitability and risk, financial flexibility is even determining his/her investment decision. Furthermore, it was possible to quantify an economic value for the financial flexibility that is significantly different from zero.","PeriodicalId":7541,"journal":{"name":"Agricultural Economics Review","volume":"15 1","pages":"47-58"},"PeriodicalIF":0.0000,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":"{\"title\":\"Financial Flexibility in agricultural investment decisions: A discrete choice experiment\",\"authors\":\"Friederike Anastassiadis, U. Liebe, O. Musshoff\",\"doi\":\"10.22004/AG.ECON.253690\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Using a discrete choice experiment we examine the role of financial flexibility in agricultural investment decisions. The data is analyzed with a mixed logit model and reveals that financial flexibility is an important decision-making factor. Every third participant indicates that, compared to the criteria profitability and risk, financial flexibility is even determining his/her investment decision. Furthermore, it was possible to quantify an economic value for the financial flexibility that is significantly different from zero.\",\"PeriodicalId\":7541,\"journal\":{\"name\":\"Agricultural Economics Review\",\"volume\":\"15 1\",\"pages\":\"47-58\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"7\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Agricultural Economics Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.22004/AG.ECON.253690\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Agricultural Economics Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22004/AG.ECON.253690","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Financial Flexibility in agricultural investment decisions: A discrete choice experiment
Using a discrete choice experiment we examine the role of financial flexibility in agricultural investment decisions. The data is analyzed with a mixed logit model and reveals that financial flexibility is an important decision-making factor. Every third participant indicates that, compared to the criteria profitability and risk, financial flexibility is even determining his/her investment decision. Furthermore, it was possible to quantify an economic value for the financial flexibility that is significantly different from zero.
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