IDEAS home Printed from https://ideas.repec.org/p/ags/iafepa/235487.html
   My bibliography  Save this paper

Significance of public funds in investment activity of farms in Poland (on the example of Podkarpacie)

Author

Listed:
  • Kusz, Dariusz

Abstract

The paper aims at assessment of the public funds support to investment activities of agricultural holdings and determination of how possible it was to fund the implemented investments without the state aid. The research was held in 2012 among 129 farms, which in 2004-2011 benefited from public financial aid in their investment activity. The selected farms were researched with the use of interview questionnaire concerning organisation of farms, obtained economic results and assessment of executed investments. To determine the possibilities of financing investments at researched farms without the public financial aid the linear programming method was used to develop models of farms, where public financial aid was replaced with commercial loan or own cash, if possible. It was decided that state aid in financing investments should be directed at farms likely to develop, which are not able to finance investments without state aid. Farms, which are too small to guarantee independent development in the future, and too large, which can gather up funds for investments without state aid, should be excluded from the support.

Suggested Citation

  • Kusz, Dariusz, 2015. "Significance of public funds in investment activity of farms in Poland (on the example of Podkarpacie)," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 235487, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    • Handle: RePEc:ags:iafepa:235487
    DOI: 10.22004/ag.econ.235487
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/235487/files/Kusz.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.235487?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Hubbard, R Glenn & Kashyap, Anil K, 1992. "Internal Net Worth and the Investment Process: An Application to U.S. Agriculture," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 506-534, June.
    2. Mundlak, Yair, 1985. "The Aggregate Agricultural Supply," Working Papers 232646, Hebrew University of Jerusalem, Center for Agricultural Economic Research.
    3. Kataria, Karin & Curtiss, Jarmila & Balmann, Alfons, 2012. "Drivers of Agricultural Physical Capital Development: Theoretical Framework and Hypotheses," Factor Markets Working Papers 122, Centre for European Policy Studies.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kusz, Dariusz & Zając, Stanisław & Dziekan, Ryszard, 2020. "Regional Diversification of Investment Outlays and Labor Profitability in Agriculture in Poland," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2020(4).
    2. Dariusz Kusz & Bożena Kusz & Paweł Hydzik, 2022. "Changes in the Price of Food and Agricultural Raw Materials in Poland in the Context of the European Union Accession," Sustainability, MDPI, vol. 14(8), pages 1-21, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. William M. Gentry & R. Glenn Hubbard, 2000. "Entrepreneurship and Household Saving," NBER Working Papers 7894, National Bureau of Economic Research, Inc.
    2. Christopher F. Baum & Andreas Stephan & Oleksandr Talavera, 2009. "The Effects Of Uncertainty On The Leverage Of Nonfinancial Firms," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 216-225, April.
    3. Paul Eliccel, 2016. "Culture and Accumulation of Capital : An Empirical study in the Context Haitian Society [Culture et accumulation du capital : une étude empirique dans le contexte social haïtien]," Working Papers hal-01555285, HAL.
    4. Robert E. Carpenter & Steven M. Fazzari & Bruce C. Petersen, 1994. "Inventory (Dis)Investment, Internal Finance Fluctuations, and the Business Cycle," Macroeconomics 9401001, University Library of Munich, Germany.
    5. Shahe Emran, M. & Shilpi, Forhad, 1996. "Foreign exchange rationing and the aggregate import demand function," Economics Letters, Elsevier, vol. 51(3), pages 315-322, June.
    6. Callahan, Scott & Ifft, Jennifer & Michaud, Clayton P., 2022. "The impact of countercyclical farm programs on agricultural land values," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322579, Agricultural and Applied Economics Association.
    7. Jason Henderson & Nathan Kauffman, 2013. "Farm investment and leverage cycles: will this time be different?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 89-114.
    8. Brunila, Anne, 1994. "Investment and financing considerations: Evidence from Finnish panel data," Bank of Finland Research Discussion Papers 4/1994, Bank of Finland.
    9. Levi, Loïc & Latruffe, Laure & Ridier, Aude, 2019. "Farm performance and investment decisions: evidence from the French (Brittany) dairy sector," Working Papers 285033, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    10. OGURA Yoshiaki, 2015. "Investment Distortion by Collateral Requirements: Evidence from Japanese SMEs," Discussion papers 15050, Research Institute of Economy, Trade and Industry (RIETI).
    11. Jean-Bernard Chatelain, 2002. "Structural modelling of investment and financial constraints: Where do we stand?," Working Paper Research 28, National Bank of Belgium.
    12. R. Glenn Hubbard, 1991. "Introduction to "Financial Markets and Financial Crises"," NBER Chapters, in: Financial Markets and Financial Crises, pages 1-10, National Bureau of Economic Research, Inc.
    13. Mark Gertler & R. Glenn Hubbard & Anil Kashyap, 1991. "Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation," NBER Chapters, in: Financial Markets and Financial Crises, pages 11-32, National Bureau of Economic Research, Inc.
    14. Chaddad, Fabio Ribas, 2006. "Investment Constraints in Agricultural Cooperatives: Theory, Evidence and Solutions," 44th Congress, July 23-27, 2006, Fortaleza, Ceará, Brazil 143259, Sociedade Brasileira de Economia, Administracao e Sociologia Rural (SOBER).
    15. Simon Gilchrist & Charles Himmelberg, 1999. "Investment: Fundamentals and Finance," NBER Chapters, in: NBER Macroeconomics Annual 1998, volume 13, pages 223-274, National Bureau of Economic Research, Inc.
    16. repec:zbw:bofrdp:1994_004 is not listed on IDEAS
    17. Chirinko, Robert S. & Schaller, Huntley, 2004. "A revealed preference approach to understanding corporate governance problems: Evidence from Canada," Journal of Financial Economics, Elsevier, vol. 74(1), pages 181-206, October.
    18. Jean-Bernard Chatelain, 2003. "Structural modelling of financial constraints on investment: where do we stand?," Chapters, in: Paul Butzen & Catherine Fuss (ed.), Firms’ Investment and Finance Decisions, chapter 2, pages 40-58, Edward Elgar Publishing.
    19. Conor O'Toole & Carol Newman, 2012. "Investment Financing and Financial Development: Firm Level Evidence from Vietnam," The Institute for International Integration Studies Discussion Paper Series iiisdp409, IIIS.
    20. Xu, Cheng-Gang & Guo, Di & Huang, Haizhou & Jiang, Kun, 2020. "Disruptive Innovation and R&D Ownership Structures of the Firm," CEPR Discussion Papers 14861, C.E.P.R. Discussion Papers.
    21. Huntley Schaller, 2010. "Investment, Taxes and the Cost of Capital: An Euler Equation Specification Test," American Journal of Economics and Business Administration, Science Publications, vol. 2(3), pages 210-220, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iafepa:235487. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ierigpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.