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On the profitability of Polish large agricultural holdings

Author

Listed:
  • Justyna Góral

    (Department of Public Administration, Collegium of Socio-Economics, SGH Warsaw School of Economics, Warsaw, Poland)

  • Micha³ Soliwoda

    (Department of Finance and Risk Management, Institute of Agricultural and Food Economics – NRI, Œwiêtokrzyska Str. 20, 00-002, Warsaw, Poland)

Abstract

The aim of this study is to examine the impact of selected determinants on various categories of profitability in the Polish agriculture. To answer this question, we employed a unique panel of 78 entities. We found that subsidies had a negative effect on profitability of large farms. Moreover, they did not detect a significant impact of variables related to farm operator. Financial surplus to liabilities had a positive impact on both ROS and ROA. Moreover, the significance of using the risk management tools and shaping the ratio of rented land to total land are underlined as important managerial implications. Diagnostics of the model indicated the advantage of the models with fixed effects (FE) over the models with random effects (RE).

Suggested Citation

  • Justyna Góral & Micha³ Soliwoda, 2021. "On the profitability of Polish large agricultural holdings," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 71(1), pages 137-159, March.
    • Handle: RePEc:aka:aoecon:v:71:y:2021:i:1:p:137-159
    DOI: 10.1556/032.2021.00007
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    Cited by:

    1. Emilia Herman & Kinga-Emese Zsido, 2023. "The Financial Sustainability of Retail Food SMEs Based on Financial Equilibrium and Financial Performance," Mathematics, MDPI, vol. 11(15), pages 1-26, August.

    More about this item

    Keywords

    profitability; ROS; ROA; ROE; agriculture;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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