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Financial Structure, Production and Productivity Growth in U.S. Food Manufacturing Industry

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  • Hossain, Ferdaus
  • Jain, Ruchi

Abstract

This paper examines the effects of financial decsion on production, input demands, profitability, and productivityis in U.S. food manufacturing industry. Empirical results shows that output supply, variable input demands, profitability and productivity are affected by agency costs of debt and signaling benefits of dividend payments. Positive contribution of signalling benefits of dividend payments was more than offset by the negative effects of agency cost of debt in TFP growth.

Suggested Citation

  • Hossain, Ferdaus & Jain, Ruchi, 2001. "Financial Structure, Production and Productivity Growth in U.S. Food Manufacturing Industry," 2001 Annual meeting, August 5-8, Chicago, IL 20756, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20756
    DOI: 10.22004/ag.econ.20756
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    Cited by:

    1. Hailu, Getu & Jeffrey, Scott R. & Goddard, Ellen W. & Ng, Desmond W., 2005. "Regulatory Environment, Cooperative Structure, and Agency Costs for Cooperative Agribusiness Firms in Canada: Comparative Case Studies," Journal of Food Distribution Research, Food Distribution Research Society, vol. 36(2), pages 1-11, July.
    2. Hailu, Getu & Jeffrey, Scott R. & Goddard, Ellen W. & Ng, Desmond W., 2004. "Incentive Incompatibility In Co-Operative Agribusiness Firms In Canada: Does Supply Management Matter?," Journal of Food Distribution Research, Food Distribution Research Society, vol. 35(01), pages 1-2, March.

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