IDEAS home Printed from https://ideas.repec.org/a/ags/stagec/161086.html
   My bibliography  Save this article

Which legal form of agricultural firm based on return on equity should be preferred? A panel data analysis of Slovak agricultural firms

Author

Listed:
  • Lancaric, Drahoslav
  • Tóth, Marián
  • Savov, Radovan

Abstract

This paper examines the impact of the legal form of agricultural firms on the benefit to their owners for a panel of Slovak agricultural firms. We use return on equity (ROE) as a measure of the benefit to owners. Using the repeated measures ANOVA technique, we find that the legal form of a firm is a relevant determinant of the benefit to owners. We conclude that from the point of view of ROE the legal form ‘company’ is preferable over ‘cooperative’.

Suggested Citation

  • Lancaric, Drahoslav & Tóth, Marián & Savov, Radovan, 2013. "Which legal form of agricultural firm based on return on equity should be preferred? A panel data analysis of Slovak agricultural firms," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 115(3), pages 1-2, December.
  • Handle: RePEc:ags:stagec:161086
    DOI: 10.22004/ag.econ.161086
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/161086/files/1323-lancaric_v3.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.161086?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Macours, Karen & Swinnen, Johan F. M., 2000. "Causes of Output Decline in Economic Transition: The Case of Central and Eastern European Agriculture," Journal of Comparative Economics, Elsevier, vol. 28(1), pages 172-206, March.
    2. Lerman, Zvi, 2001. "Agriculture in transition economies: from common heritage to divergence," Agricultural Economics, Blackwell, vol. 26(2), pages 95-114, November.
    3. Gorton, Matthew & Davidova, Sophia, 2004. "Farm productivity and efficiency in the CEE applicant countries: a synthesis of results," Agricultural Economics, Blackwell, vol. 30(1), pages 1-16, January.
    4. Latruffe, Laure & Fogarasi, József & Desjeux, Yann, 2012. "Efficiency, productivity and technology comparison for farms in Central and Western Europe: The case of field crop and dairy farming in Hungary and France," Economic Systems, Elsevier, vol. 36(2), pages 264-278.
    5. Allen, Douglas W & Lueck, Dean, 1998. "The Nature of the Farm," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 343-386, October.
    6. Pavel Ciaian & Jan Pokrivcak & Dusan Drabik, 2009. "Transaction costs, product specialisation and farm structure in Central and Eastern Europe," Post-Communist Economies, Taylor & Francis Journals, vol. 21(2), pages 191-201.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Toth, Marian & Lancaric, Drahoslav & Savov, Radovan, 2014. "Which legal form is a key to success in Slovak agriculture?," 142nd Seminar, May 29-30, 2014, Budapest, Hungary 169091, European Association of Agricultural Economists.
    2. Ciaian, Pavel & Kancs, d'Artis & Pokrivcak, Jan, 2011. "Comparative Advantages, Transaction Costs and Factor Content in Agricultural Trade: Empirical Evidence from the CEE - Vantaggi comparati, costi di transazione e contenuto dei fattori nel commercio agr," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 64(1), pages 67-101.
    3. Radovan Savov & Juraj Cheben & Drahoslav Lancaric & Roman Serencéš, 2017. "MBNQA Approach in Quality Management Supporting Sustainable Business Performance in Agribusiness," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(44), pages 1-11, February.
    4. Rizov, Marian, 2008. "Institutions, reform policies, and productivity growth in agriculture: Evidence from former communist countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 55(4), pages 307-323.
    5. Rizov, Marian, 2004. "Shift To Individual Farming And The Productivity Growth Of Transition Agriculture," 2004 Annual meeting, August 1-4, Denver, CO 20116, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Pavel Ciaian & d'Artis Kancs & Jan Pokrivcak, 2008. "Comparative Advantages, Transaction Costs and Factor Content of Agricultural Trade: Empirical Evidence from the CEE," EERI Research Paper Series EERI_RP_2008_03, Economics and Econometrics Research Institute (EERI), Brussels.
    7. Veronika Fenyves & Tibor Tarnóczi & Zoltán Bács & Dóra Kerezsi & Péter Bajnai & Mihály Szoboszlai, 2022. "Financial efficiency analysis of Hungarian agriculture, fisheries and forestry sector," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(11), pages 413-426.
    8. Fogarasi, Jozsef & Latruffe, Laure, 2009. "Farm performance and support in Central and Western Europe: A comparison of Hungary and France," 2009 Conference, August 16-22, 2009, Beijing, China 51431, International Association of Agricultural Economists.
    9. García, Pablo Marcelo, 2005. "Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 5, pages 83-100, Octubre.
    10. D'Artis Kancs & Pavel Ciaian, 2010. "Factor content of bilateral trade: the role of firm heterogeneity and transaction costs," Agricultural Economics, International Association of Agricultural Economists, vol. 41(3‐4), pages 305-317, May.
    11. Ferto, Imre & Fogarasi, Jozsef, 2005. "The Choice of Farm Organisation. A Hungarian Case," 94th Seminar, April 9-10, 2005, Ashford, UK 24420, European Association of Agricultural Economists.
    12. Latruffe, Laure & Fogarasi, József & Desjeux, Yann, 2012. "Efficiency, productivity and technology comparison for farms in Central and Western Europe: The case of field crop and dairy farming in Hungary and France," Economic Systems, Elsevier, vol. 36(2), pages 264-278.
    13. Rizov, Marian, 2005. "Human capital and the agrarian structure in transition: Micro evidence from Romania," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 26(1), pages 119-149.
    14. Johan F.M. Swinnen & Liesbet Vranken, 2007. "Patterns of Land Market Developments in Transition," LICOS Discussion Papers 17907, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    15. Bignebat, Céline & Latruffe, Laure, 2009. "Twenty years of land reforms in Central and Eastern Europe: state of play and outlook," Working Papers 211013, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    16. Singh, Mahesh Kumar & Kapuszta, Agnes & Fekete-Farkas, Maria, 2008. "Analyzing Agriculture Productivity Indicators And Impact Of Climate Change On Ceecs Agriculture," Bulletin of the Szent Istvan University 43317, Szent Istvan University, Faculty of Economics and Social Sciences.
    17. Vranken, Liesbet & Macours, Karen & Noev, Nivelin & Swinnen, Johan, 2011. "Property rights imperfections and asset allocation: Co-ownership in Bulgaria," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 159-175, June.
    18. Johan F.M. Swinnen, 2009. "Reforms, globalization, and endogenous agricultural structures," Agricultural Economics, International Association of Agricultural Economists, vol. 40(s1), pages 719-732, November.
    19. Baležentis, Tomas & De Witte, Kristof, 2015. "One- and multi-directional conditional efficiency measurement – Efficiency in Lithuanian family farms," European Journal of Operational Research, Elsevier, vol. 245(2), pages 612-622.
    20. Erik Mathijs & Liesbet Vranken, 2001. "Human Capital, Gender and Organisation in Transition Agriculture: Measuring and Explaining the Technical Efficiency of Bulgarian and Hungarian Farms," Post-Communist Economies, Taylor & Francis Journals, vol. 13(2), pages 171-187.

    More about this item

    Keywords

    Agribusiness; Production Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:stagec:161086. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/akiiihu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.