The Theoretical Effects of Farm Policies on Optimal Leverage and the Probability of Equity Losses
作者： Allen M. Featherstone , Charles B. Moss , Timothy G. Baker , Paul V. Preckel
DOI: 10.2307/1241495
关键词:
摘要: The degree to which the use of debt is increased in response risk-reducing and income-augmenting farm policies studied theoretically. A mean-variance model used determine optimal leverage adjustment, then effects on cumulative probability earning very low rates return equity are examined. evidence suggests that induce a large enough increase financial farmers having negative returns equity.
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