CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS
In this paper we estimate the impact of different factors on creditability of agricultural farms. According to the literature the collateral (tangible assets), the farm size, productivity, and subsidies should have significant effects on farm loans. We use data from the Hungarian Farm Accountancy Da...
| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
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University of Oradea
2012-12-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2012/n2/080.pdf |
| _version_ | 1811260169955311616 |
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| author | Toth Jozsef Toth Kristof |
| author_facet | Toth Jozsef Toth Kristof |
| author_sort | Toth Jozsef |
| collection | DOAJ |
| description | In this paper we estimate the impact of different factors on creditability of agricultural farms. According to the literature the collateral (tangible assets), the farm size, productivity, and subsidies should have significant effects on farm loans. We use data from the Hungarian Farm Accountancy Data Network to test our two hypotheses and theoretical assumptions for the period 2001-2010. Because of using panel data, we do our estimations using fixed effects econometrics model to test our assumptions. The results indicate that the chosen factors have significant influence on total liabilities and short- and long-term loans as well. With specially interest of subsidies the growing level of supports decrease the need of other financial tools. At output factors (inclusive farm size) have significant and positive effect, same as collateral (tangible assets). |
| first_indexed | 2024-04-12T18:43:34Z |
| format | Article |
| id | doaj.art-8664b6b19f8241f584d2d39dafcbbe01 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-04-12T18:43:34Z |
| publishDate | 2012-12-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-8664b6b19f8241f584d2d39dafcbbe012022-12-22T03:20:42ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502012-12-0112533537CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMSToth JozsefToth KristofIn this paper we estimate the impact of different factors on creditability of agricultural farms. According to the literature the collateral (tangible assets), the farm size, productivity, and subsidies should have significant effects on farm loans. We use data from the Hungarian Farm Accountancy Data Network to test our two hypotheses and theoretical assumptions for the period 2001-2010. Because of using panel data, we do our estimations using fixed effects econometrics model to test our assumptions. The results indicate that the chosen factors have significant influence on total liabilities and short- and long-term loans as well. With specially interest of subsidies the growing level of supports decrease the need of other financial tools. At output factors (inclusive farm size) have significant and positive effect, same as collateral (tangible assets).http://anale.steconomiceuoradea.ro/volume/2012/n2/080.pdfcredit, output, collateral, subsidies, farm size |
| spellingShingle | Toth Jozsef Toth Kristof CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS Annals of the University of Oradea: Economic Science credit, output, collateral, subsidies, farm size |
| title | CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS |
| title_full | CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS |
| title_fullStr | CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS |
| title_full_unstemmed | CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS |
| title_short | CREDIT LEVEL INFLUENCING FACTORS AT HUNGARIAN FARMS |
| title_sort | credit level influencing factors at hungarian farms |
| topic | credit, output, collateral, subsidies, farm size |
| url | http://anale.steconomiceuoradea.ro/volume/2012/n2/080.pdf |
| work_keys_str_mv | AT tothjozsef creditlevelinfluencingfactorsathungarianfarms AT tothkristof creditlevelinfluencingfactorsathungarianfarms |