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An Empirical Analysis of the Cost of Long-Term Debt Financing for Cooperative and Proprietary Agricultural Marketing Firms

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  • Vitaliano, Peter

Abstract

Regression analysis relating four measures of the cost of long-term debt financing to capital structure and other financial factors reveals this cost to be generally, but not in every circumstance, unrelated to a marketing cooperative's debt ratio and, in many instances, greater than this cost for a comparable proprietary firm.

Suggested Citation

  • Vitaliano, Peter, 1981. "An Empirical Analysis of the Cost of Long-Term Debt Financing for Cooperative and Proprietary Agricultural Marketing Firms," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279435, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279435
    DOI: 10.22004/ag.econ.279435
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    References listed on IDEAS

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    1. Haley, Charles W. & Schall, Lawrence D., 1978. "Problems with the Concept of the Cost of Capital," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 13(5), pages 847-870, December.
    2. Wilmer A. Dahl & W. D. Dobson, 1976. "An Analysis of Alternative Financing Strategies and Equity Retirement Plans for Farm Supply Cooperatives," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(2), pages 198-208.
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    Keywords

    Agricultural Finance;

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