Franc-Dąbrowska, Justyna and Mądra-Sawicka, Magdalena and Bereżnicka, Joanna (2018) Cost of Agricultural Business Equity Capital—A Theoretical and Empirical Study for Poland. Economies, 6 (3). p. 37. ISSN 2227-7099
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Abstract
This paper proposes a methodology for calculating the cost of equity for unlisted agricultural companies in Poland. An analysis of a fixed effects panel model was conducted on a sample of 79 agricultural enterprises from the Farm Accountancy Data Network (FADN) field of observation in 2012–2015. The empirical model includes a value of land, agricultural area, depreciation, sale earnings, and payables. The study confirmed that in the valuation of the cost of equity capital in agricultural enterprises, factors that are specific to this sector must be taken into account. As the basic source of production is agricultural land, it must be taken into consideration while estimating the cost of equity capital. This factor was included in the theoretical model.
Item Type: | Article |
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Subjects: | Open Library Press > Multidisciplinary |
Depositing User: | Unnamed user with email support@openlibrarypress.com |
Date Deposited: | 11 Jul 2023 04:32 |
Last Modified: | 14 Sep 2024 03:55 |
URI: | http://info.euro-archives.com/id/eprint/1806 |