IDEAS home Printed from https://ideas.repec.org/a/boh/actaub/v16y2013i2p157-167.html

The Relationship between the Effectiveness of Production Factors and Business Performance in Agriculture

Author

Listed:
  • Martina Novotná

    (University of South Bohemia in České Budějovice)

  • Jaroslav Svoboda

    (University of South Bohemia in České Budějovice)

Abstract

The effectiveness of production factors can be evaluated against several relations, which must always be understood as relations between output and input. The aim of this paper is to assess the relationship between the effectiveness of production factors and business performance. One-factor productivity (more precisely labour productivity), total productivity (TFP) - on the basis of economic profit and Return on Assets (ROA) - the most synthetic indicator of profitability, were the applied indicators at approx. 820 agricultural enterprises. In the reference period (2004 - 2010) it was possible to describe the impact of the Czech Republic's accession to the European Union on the selected agricultural enterprises. The agricultural enterprises system was further classified according to several criteria to verify the assumption that enterprises with higher efficiency of production factors have a higher Return on Assets (ROA).

Suggested Citation

  • Martina Novotná & Jaroslav Svoboda, 2013. "The Relationship between the Effectiveness of Production Factors and Business Performance in Agriculture," Acta Universitatis Bohemiae Meridionalis, University of South Bohemia in Ceske Budejovice, Faculty of Economics, vol. 16(2), pages 157-167.
    • Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:157-167
    DOI: 10.32725/acta.2013.015
    as

    Download full text from publisher

    File URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.015.html
    Download Restriction: free of charge
    File URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.015.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.32725/acta.2013.015?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
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Guan Zhengfei & Alfons Oude Lansink, 2006. "The Source of Productivity Growth in Dutch Agriculture: A Perspective from Finance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(3), pages 644-656.
    2. Julian M. Alston, 2010. "The Benefits from Agricultural Research and Development, Innovation, and Productivity Growth," OECD Food, Agriculture and Fisheries Papers 31, OECD Publishing.
    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. Bianca AVRAM POP & Simona SABOU, 2018. "The Role Of Agriculture In Romanian Development," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 5-18, March.
    2. Guo, Shu & Zhang, ZhongXiang, 2023. "Green credit policy and total factor productivity: Evidence from Chinese listed companies," Energy Economics, Elsevier, vol. 128(C).
    3. Fujie, Takeshi & Senda, Tetsuji, 2019. "Effects of Aggregate Shocks on the Productivity of Farm Households in Prewar Japan," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 21.
    4. Zhu, Xueqin & Oude Lansink, Alfons G.J.M., 2009. "Determinants of productivity change of crop and dairy farms in Germany, the Netherlands and Sweden in 1995-2004," 2009 Conference, August 16-22, 2009, Beijing, China 51648, International Association of Agricultural Economists.
    5. Stefani, Gianluca & Gadanakis, Yiorgos & Lombardi, Ginevra Virginia & Tiberti, Marco, "undated". "The impact of financial leverage on farms capacity to react in market shocks," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261156, European Association of Agricultural Economists.
    6. Wilson, Paul, 2014. "Farmer characteristics associated with improved and high farm business performance," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 3(4), pages 1-9.
    7. Briones, Roehlano M. & Galang, Ivory Myka R., 2012. "Assessment of Prospective Impact of Fruits and Vegetables Research at the Industry Level in the Philippines: the Case of the ACIAR-PCAARRD Horticulture Project," Discussion Papers DP 2012-40, Philippine Institute for Development Studies.
    8. Jose‐Maria Garcia‐Alvarez‐Coque & Francisco Mas‐Verdu & Mercedes Sanchez García, 2015. "Determinants of Agri‐food Firms’ Participation in Public Funded Research and Development," Agribusiness, John Wiley & Sons, Ltd., vol. 31(3), pages 314-329, June.
    9. Aaron Michael Shew & Alvaro Durand‐Morat & Lawton Lanier Nalley & Karen Ann‐Kuenzel Moldenhauer, 2018. "Estimating the benefits of public plant breeding: beyond profits," Agricultural Economics, International Association of Agricultural Economists, vol. 49(6), pages 753-764, November.
    10. Loïc Levi & Laure Latruffe & Aude Ridier, 2019. "Farm performance and investment decisions: evidence from the French (Brittany) dairy sector," Working Papers SMART 19-01, INRAE UMR SMART.
    11. Muhammad Usman & Gulnaz Hameed & Abdul Saboor & Lal K. Almas & Muhammad Hanif, 2021. "R&D Innovation Adoption, Climatic Sensitivity, and Absorptive Ability Contribution for Agriculture TFP Growth in Pakistan," Agriculture, MDPI, vol. 11(12), pages 1-18, November.
    12. Shew, Aaron M. & Nalley, Lawton L. & Durand-Morat, Alvaro & Meredith, Kylie & Parajuli, Ranjan & Thoma, Greg & Henry, Christopher G., 2021. "Holistically valuing public investments in agricultural water conservation," Agricultural Water Management, Elsevier, vol. 252(C).
    13. Koiry, Subrata & Huang, Wei, 2023. "Do ecological protection approaches affect total factor productivity change of cropland production in Sweden?," Ecological Economics, Elsevier, vol. 209(C).
    14. Stéphane Lemarié & Valérie Orozco & Jean-Pierre Butault & Antonio Musolesi & Michel Simioni & Bertrand Schmitt, 2020. "Assessing the long-term impact of agricultural research on productivity: evidence from France," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 47(4), pages 1559-1586.
    15. Zhu, Xueqin & Milán Demeter, Róbert, 2012. "Technical efficiency and productivity differentials of dairy farms in three EU countries: the role of CAP subsidies," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(01), pages 1-27.
    16. Kenta Tanaka & Shunsuke Managi, 2013. "Measuring Productivity Gains from Deregulation of the Japanese Urban Gas Industry," The Energy Journal, , vol. 34(4), pages 181-198, October.
    17. Karolina Pawlak & Luboš Smutka & Pavel Kotyza, 2021. "Agricultural Potential of the EU Countries: How Far Are They from the USA?," Agriculture, MDPI, vol. 11(4), pages 1-21, March.
    18. Ștefan-Mihai PETREA & Dragos Sebastian Cristea & Maria Magdalena Turek Rahoveanu & Cristina Gabriela Zamfir & Adrian Turek Rahoveanu & Gheorghe Adrian Zugravu & Dumitru Nancu, 2020. "Perspectives of the Moldavian Agricultural Sector by Using a Custom-Developed Analytical Framework," Sustainability, MDPI, vol. 12(11), pages 1-40, June.
    19. Thornton, PK & Schuetz, T & Förch, W & Cramer, L & Abreu, D & Vermeulen, S & Campbell, BM, 2017. "Responding to global change: A theory of change approach to making agricultural research for development outcome-based," Agricultural Systems, Elsevier, vol. 152(C), pages 145-153.
    20. Hockmann, Heinrich & Garzon Delvaux, Pedro Andres & Voigt, Peter & Ciaian, Pavel & Gomez y Paloma, Sergio, 2018. "Corporate R&D and the performance of food-processing firms: Evidence from Europe, Japan and North America," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(3), pages 233-247.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    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:boh:actaub:v:16:y:2013:i:2:p:157-167. 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: Ivo Andrle (email available below). General contact details of provider: https://edirc.repec.org/data/efjcucz.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.