摘要：The use of debt financing is commonly viewed as a normal part of a business management strategy for improving financial performance. However, the problems associated with managing existing farm debt in Russia may have created problems due to the major transitions which have been occurring in the economic framework of farm input and commodity markets and changing farm structure. This paper empirically investigates the relationship between existing debt, financial performance (e.g., profitability), and the process of restructuring the agricultural enterprises in Russia during 1994. The analysis uses accounting and farm survey data.
