THE ROLE OF DEBT FINANCING AND LOANS FOR AGRICULTURAL ENTERPRISES IN UKRAINE

Author

O. Oliynyk (olenaooliynyk@gmail.com), Pavel Zufan (pavel.zufan@gmail.com) and V. Adamenko (v_adamenko@ukr.net)
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Scientific Journal of National University of Life and Environmental Sciences of Ukraine. Series: Economy, agrarian management, business, 2016, issue 244, pages 318-332

Abstract: According to the experts, one of the main factors which constrain the formation of an efficient, competitive, environmentally safe and socially towards sustainable agriculture in Ukraine, is the presence of significant restrictions on access to funding for agricultural producers. The purpose of this study is to analyze the role of debt financing in general and lending in particular in comparison with equity financing for various groups of agricultural enterprises in Ukraine. We used Amadeus database and processed almost 174,000 annual financial statements of Ukrainian agricultural enterprises that functioned during 2005–2014.

Keywords: debt financing; equity financing; loans; credit rationing; agricultural enterprises; regression model; Lorenz curve; return on assets; guarantee fund (search for similar items in EconPapers)
JEL-codes: G00 (search for similar items in EconPapers)
Date: 2016
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