Financial Constraints and Farm Investment: A Bayesian Examination

This study contributes to the q-based empirical investment literature by using a Bayesian approach to analyze the impact of internal financial variables on a q-based investment model, accounting specifically for variable selection and incorporating outliers explicitly within the advocated modeling f...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:	Journal of Business & Economic Statistics. - American Statistical Association, 1983. - 22(2004), 1, Seite 51-63
1. Verfasser:	Hart, Chad E. (VerfasserIn)
Weitere Verfasser:	Lence, Sergio H.
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2004
Zugriff auf das übergeordnete Werk:	Journal of Business & Economic Statistics
Schlagworte:	Liquidity Outlier q investment theory Variable selection Economics Mathematics Business Applied sciences


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100	1		\|a Hart, Chad E. \|e verfasserin \|4 aut
245	1	0	\|a Financial Constraints and Farm Investment: A Bayesian Examination
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520			\|a This study contributes to the q-based empirical investment literature by using a Bayesian approach to analyze the impact of internal financial variables on a q-based investment model, accounting specifically for variable selection and incorporating outliers explicitly within the advocated modeling framework. For the balanced panel analyzed, a farm's liquidity situation is found to affect its investment significantly. Incorporation of an outlier detection component changes the results drastically, in both the variables chosen and the parameter estimates. The results and the nature of most investment data suggest that not accounting for outliers may lead to inaccurate inference.
540			\|a Copyright 2004 American Statistical Association
650		4	\|a Liquidity
650		4	\|a Outlier
650		4	\|a q investment theory
650		4	\|a Variable selection
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial investments
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Descriptive statistics \|x Statistical distributions \|x Outliers
650		4	\|a Economics \|x Economic policy \|x Public finance \|x Public investments \|x Economic investment
650		4	\|a Business \|x Business administration \|x Business management \|x Capital management \|x Capital investments
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial investments \|x Investment value
650		4	\|a Economics \|x Economic disciplines \|x Agricultural economics \|x Farm economics
650		4	\|a Applied sciences \|x Research methods \|x Modeling
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Liquidity
650		4	\|a Mathematics \|x Mathematical values \|x Mathematical variables \|x Mathematical independent variables
650		4	\|a Business \|x Accountancy \|x Financial accounting \|x Assets \|x Current assets
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial investments
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Descriptive statistics \|x Statistical distributions \|x Outliers
650		4	\|a Economics \|x Economic policy \|x Public finance \|x Public investments \|x Economic investment
650		4	\|a Business \|x Business administration \|x Business management \|x Capital management \|x Capital investments
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial investments \|x Investment value
650		4	\|a Economics \|x Economic disciplines \|x Agricultural economics \|x Farm economics
650		4	\|a Applied sciences \|x Research methods \|x Modeling
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Liquidity
650		4	\|a Mathematics \|x Mathematical values \|x Mathematical variables \|x Mathematical independent variables
650		4	\|a Business \|x Accountancy \|x Financial accounting \|x Assets \|x Current assets
655		4	\|a research-article
700	1		\|a Lence, Sergio H. \|e verfasserin \|4 aut
773	0	8	\|i Enthalten in \|t Journal of Business & Economic Statistics \|d American Statistical Association, 1983 \|g 22(2004), 1, Seite 51-63 \|w (DE-627)327084073 \|w (DE-600)2043744-4 \|x 07350015 \|7 nnns
773	1	8	\|g volume:22 \|g year:2004 \|g number:1 \|g pages:51-63
856	4	0	\|u https://www.jstor.org/stable/27638781 \|3 Volltext
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