The optimal capital structure in agricultural cooperatives under the revolving fund cycles

Due to the financial features specific to agricultural cooperatives, the paper constructs a constrained-maximizing model under the assumption that the financial objective of an agricultural cooperative is to maximize the present value of the patron after-tax total income on an infinite time horizon...

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Bibliographic Details
Main Author: Yung-Chang WANG
Format: Article
Language:English
Published: Czech Academy of Agricultural Sciences 2016-01-01
Series:Agricultural Economics (AGRICECON)
Subjects:
Online Access:https://agricecon.agriculturejournals.cz/artkey/age-201601-0005_the-optimal-capital-structure-in-agricultural-cooperatives-under-the-revolving-fund-cycles.php