My primary research focus is on improving financial decision making for agricultural businesses including farms and ranches. The optimal portfolio of assets (investment decisions), and the optimal portfolio of short-term credit, long-term credit and owner's equity to finance assets (capital structure decisions) are important business decisions. The outcome of investment and capital structure decisions is dependent on future events; thus, time and uncertainty must be considered. Much of this research is done in a risk/return framework where optimal decisions depend on an individual's risk/return preference.
My secondary focus is on improving the ability of financial intermediaries to provide credit TO agricultural businesses (agricultural credit). Specifically, this work centers on 1) designing and evaluating financial derivatives that can be used by agricultural lenders to manage interest rate risk, 2) improving credit assessment models, and 3) assessing the impact of deregulation and structural changes on agricultural lender's ability and willingness to provide credit to agricultural firms.
- Ph.D. in Agricultural Economics, Purdue University - (West Lafayette, Indiana, United States) 1983
- M.S. in Agricultural Economics, Brigham Young University - (Provo, Utah, United States) 1978
- B.S. in Agricultural Economics, Brigham Young University - (Provo, Utah, United States) 1977
- Lu, R., Bessler, D. A., & Leatham, D. J. (2018). The transmission of liquidity shocks via China's segmented money market: Evidence from recent market events. Journal of International Financial Markets, Institutions and Money. 57, 110-126.
- Sukcharoen, K., & Leatham, D. J. (2017). Hedging downside risk of oil refineries: A vine copula approach. Energy Economics. 66, 493-507.
- SUKCHAROEN, K., & LEATHAM, D. (2016). MEAN-VARIANCE VERSUS MEANEXPECTED SHORTFALL MODELS: AN APPLICATION TO WHEAT VARIETY SELECTION. Journal of Agricultural and Applied Economics. 48(2), 148-172.
- Sukcharoen, K., & Leatham, D. J. (2016). Dependence and extreme correlation among US industry sectors. Studies in Economics and Finance. 33(1), 26-49.
- Larsen, R., Leatham, D., & Sukcharoen, K. (2015). Geographical diversification in wheat farming: a copula-based CVaR framework. Agricultural Finance Review. 75(3), 368-384.
- Tabares Villarreal, Elizabeth (2017-12). Fruit and Vegetable Waste from School Lunches: A Systematic Review and Meta-Analysis. (Master's Thesis)
- Sukcharoen, Kunlapath (2017-08). Applications of Vine Copulas in Commodity Risk Management and Price Analysis. (Doctoral Dissertation)
- Lu, Ruoxi (2017-08). Three Essays on China's Interbank Money Market: Its Interactions with the Central Bank, the Exchange-based Money Market and the Offshore Renminbi Money Market. (Doctoral Dissertation)
- Robinson, Rachel Ann (2017-08). Examination of the Demand for Yogurt by Brand, 2009-2011. (Master's Thesis)
- Liu, Chia-Lan (2015-05). Price-Quantity Dynamics, Prequential Analysis, and Yield Insurance Premium Estimation of Dungeness Crab. (Doctoral Dissertation)