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英文文献：Impact of Financial Variables on Production in Kansas Farms Efficiencies-金融变量对堪萨斯州农场生产效率的影响
英文文献作者：Andreu, Monica Lopez,Featherstone, Allen M.,Langemeier, Michael R.,Grunewald, Orlen C.
英文文献摘要：
This article establishes the cost-efficiency frontier and its variation over time for a sample of 610 farms in Kansas for ten consecutive years, from 1995 to 2004. The primary objective consists of examining how financially constrained firms affect cost efficiency and its components, allocative, technical and scale efficiency. Using a sample from the Kansas Farm Management Association and data envelopment analysis (DEA) technique, each farm is measured against the rest of the sample to calculate the cost efficiency frontier and other measures of efficiency per year. Two DEA financially constrained models, constrained by solvency and level of debt of the firms respectively, are compared to the basic one in which firms are non-constrained. We test whether the debt and solvency constraints are binding, and how much and in which direction they affect the level of cost efficiency, technical efficiency, allocative efficiency, and scale efficiency. Results for the farms and period studied show that financial constraints do not impede farms from achieving their level of cost efficiency. However, in the presence of financial constraints, farms' level of technical efficiency decreases whereas their level of allocative efficiency increases.
本文以堪萨斯州610个农场为样本，从1995年至2004年连续10年，建立了成本效率边界及其随时间的变化。主要目标包括考察财务受限的公司如何影响成本效率及其组成部分，配置，技术和规模效率。使用来自堪萨斯州农场管理协会的样本和数据包络分析(DEA)技术，每个农场与样本的其余部分进行对比，以计算每年的成本效率边界和其他效率度量。将企业偿债能力约束和企业债务水平约束两种DEA财务约束模型与企业不受约束的基本模型进行了比较。我们检验了债务和偿付能力约束是否具有约束力，以及它们对成本效率、技术效率、配置效率和规模效率的影响程度和方向。对农场和研究期间的结果表明，财务约束不会妨碍农场实现他们的成本效率水平。然而，在存在财政约束的情况下，农场的技术效率水平下降，而配置效率水平上升。
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