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The multicriterial evaluation of agricultural enterprises

Author

Listed:
  • P. Froněk

    (Research Institute of Agricultural Economics, Prague, Czech Republic)

  • L. Jelínek

    (Research Institute of Agricultural Economics, Prague, Czech Republic)

  • T. Medonos

    (Research Institute of Agricultural Economics, Prague, Czech Republic)

Abstract

A number of approaches and methods has been applied to evaluate an enterprise's success (rating) in a way to look on the firmâs performance in more or less comprehensive view. The paper presents methodological tools for evaluation of the financial and non-financial characteristics, specifically the application of discriminant and cluster analysis in the case of agricultural enterprises. The methodology for total evaluation will further require the improvement in the assessment of financial and non-financial variables along with justification of their weights. The key thing is to ensure that the designed criteria for total assessment have the capabilities to assess the potential risks linked to business. That would enable to evaluate the business not only from the past and present point of view but also from the future perspective.

Suggested Citation

  • P. Froněk & L. Jelínek & T. Medonos, 2007. "The multicriterial evaluation of agricultural enterprises," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 53(3), pages 123-131.
    • Handle: RePEc:caa:jnlage:v:53:y:2007:i:3:id:455-agricecon
    DOI: 10.17221/455-AGRICECON
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    Citations

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    Cited by:

    1. M. Štolbová & T. Hlavsa, 2008. "The impact of LFA payments on FADN farms in the Czech Republic," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(10), pages 489-497.
    2. D. Kopta, 2009. "Possibilities of financial health indicators used for prediction of future development of agricultural enterprises," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 55(3), pages 111-125.
    3. Lukáš ČECHURA, 2010. "Estimation of technical efficiency in Czech agriculture with respect to firm heterogeneity," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 56(4), pages 183-191.
    4. L. Čechura, 2009. "The impact of credit rationing on farmer's economic equilibrium," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 55(11), pages 541-549.
    5. S. Aly & I. Vrana, 2008. "Evaluating the knowledge, relevance and experience of expert decision makers utilizing the Fuzzy-AHP," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(11), pages 529-535.

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