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Modeling Financial Asset Demands Of Small Agribusiness Firms: A Portfolio Theory Approach

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  • Holmes, Marionette
  • Park, Timothy A.

Abstract

This study derives a demand model for small firm finances using a portfolio allocation theory. The assumption of the manager versus the firm as the primary financial decision-maker of small firm is tested. We employ empirical techniques that allow for indirect utility estimation in a discrete-continuous choice model.

Suggested Citation

  • Holmes, Marionette & Park, Timothy A., 2001. "Modeling Financial Asset Demands Of Small Agribusiness Firms: A Portfolio Theory Approach," 2001 Annual meeting, August 5-8, Chicago, IL 20461, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20461
    DOI: 10.22004/ag.econ.20461
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