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Anti-Crisis Financial and Personnel Management as Key Factors to Provide Effective Development of Eastern European Enterprises in the Agricultural Sector

Author

Listed:
  • Maxim V. Khatser
  • Yuliia A. Perehuda
  • Tatiana M. Korpaniuk
  • Khrystyna S. Stoliaruk
  • Irina M. Yepifanova
  • Oleksandr O. Shpynkovskyi

Abstract

Purpose: The main aim of this research is the development of ways to enhance the efficiency and performance of anti-crisis financial and personnel management at Eastern European agricultural enterprises based on the assessment of the role of such management types and the determination of a set of problems from their implementation. Design/Methodology/Approach: The study has used quantitative analysis, the method of forecasting time series based on the implementation of the regression function, as well as panel data to both estimate anti-crisis financial and personnel management in the agricultural sector of Eastern European countries and find problems in its application. Findings: The study has proved the increase of the role of the agricultural sector in economies of Eastern European countries as well as a significant negative impact of unprofitable agricultural enterprises on it. Besides, the implementation of anti-crisis financial and personnel management in such enterprises and its key problems have been assessed. Practical Implications: The study is important in terms of decreasing a share of unprofitable agricultural enterprises and accelerating the development of the agricultural sector in Eastern European Post-Soviet economies. Originality/Value: The study has developed a set of ways to increase the efficiency and performance of the implementation and application of anti-crisis financial and personnel management in the agricultural sector of Eastern European countries.

Suggested Citation

  • Maxim V. Khatser & Yuliia A. Perehuda & Tatiana M. Korpaniuk & Khrystyna S. Stoliaruk & Irina M. Yepifanova & Oleksandr O. Shpynkovskyi, 2020. "Anti-Crisis Financial and Personnel Management as Key Factors to Provide Effective Development of Eastern European Enterprises in the Agricultural Sector," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 166-177.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:special1:p:166-177
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    References listed on IDEAS

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    1. Petrick, Martin & Weingarten, Peter (ed.), 2004. "The role of agriculture in Central and Eastern European rural development: engine of change or social buffer?," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 25, number 93023.
    2. Maryna V. Shashyna & Oleg V. Zakharchenko & Oleksandr V. Darushyn & Zoriana M. Buryk & Maria I. Shpinkovska, 2018. "Agroindustrial Complex in the Eastern European Countries in the Context of Sustainable Development," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 549-562:5.
    3. LERMAN, Zvi, 2009. "Land reform, farm structure, and agricultural performance in CIS countries," China Economic Review, Elsevier, vol. 20(2), pages 316-326, June.
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    More about this item

    Keywords

    Agricultural enterprises; agricultural sector of economy; anti-crisis personnel management; anti-crisis financial management; Eastern European countries.;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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