Toward a better understanding of farm business viability: Essays on production benchmark performance and capital structure choice

Steele West

Research output: ThesisDoctoral Thesis

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Abstract

This dissertation explores farm business viability by examining the nexus between the capital structure choices and productive performance. Through application to a survey of Western Australian broadacre mixed-enterprise farms, the research investigates farm business capital structure choice and adjustment speed; the use of TFP efficiency as a more complete benchmark of productive performance as opposed to orientation-restricted technical efficiency measures; and the impact of including debt repayment obligations as a by-product of input use on partial inefficiency estimates. The overall implication of this study is that adoption of more complete performance benchmarks can improve policy insights and outcomes.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Thesis sponsors
Award date20 Apr 2020
DOIs
Publication statusUnpublished - 2020

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