ISSN 2736-1721
Global Journal of Business Management ISSN 6731-4538 Vol. 5 (2), pp. 001-013, February, 2011. © International Scholars Journals
Full Length Research Paper
Financing instruments and strategies of agribusiness: Evidence from Taiwan
Lien-Wen Liang1, Kuang-Hsun Shih1* and Yu-Hsuan Chung2
1Department of Banking and Finance, Chinese Culture University, Taiwan.
2Department of Accounting, National Chengchi University, Taiwan.
Accepted 20 January, 2010
Abstract
Improvements and developments in agricultural industries, and the promotion of agriculture biotechnology for entrepreneurial operations and industrial management in agribusiness, are major strategic objectives of the Council of Agriculture in Taiwan. Interestingly, the understanding of capital finance mechanisms, through financing instruments and strategies analysis, are essential to successfully advance development of agribusiness. This research primarily investigates six aspects of financing instruments and strategies of agribusiness, and uses the opinions of interviews with experts of the Agricultural Biotechnology Park in Taiwan to design questionnaires. Then, this study received 15 valid questionnaires from the experts at the Agricultural Biotechnology Park to determine the main financing instruments and strategies, as well as the dependent relationships between capital effects factors. This study contributes to providing capital financing instruments and strategy factors of agribusiness for related official authorities in their future policy decisions.
Key words: Agribusiness, banking, financing strategies, DEMATEL.