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Efficiency Of Material Assets- The Role And Importance In Performance Increasing Of Agriculture

Author

Listed:
  • Sorina Simona Bumbescu

    (PhD, 1 Decembrie 1918 University of Alba Iulia)

  • Daniel Petru Varteiu

    (PhD, 1 Decembrie 1918 University of Alba Iulia)

Abstract

Romania is one of the European Union countries with important resources for agriculture, occupying the 6th place in the EU in terms of utilised agricultural area but the agrarian structure is not adapted to the EU developed countries. Unlike other fields of activity, in agriculture a number of specific factors arise, which determine certain particularities of the use of the material assets, of the means of production and of the labor force. In the technological process in agriculture there is a combination of three important factors: natural factors (the land), the human factors and material factors. In order to achieve a superior economic performance, it is necessary for the farms to effectively manage these factors. The general objective of the research consists in analyzing the efficiency of the material assets in agriculture based on the financial accounting information and identifying the factors that influence the performance in agriculture in order to use the resources effectively. In this article it is developed a synthetic theoretical framework regarding the essential features of the Romanian agriculture, the land and fixed assets efficiency, a large case study regarding the indicators of evaluation and measurement of the efficiency of the material assets in agriculture.

Suggested Citation

  • Sorina Simona Bumbescu & Daniel Petru Varteiu, 2019. "Efficiency Of Material Assets- The Role And Importance In Performance Increasing Of Agriculture," Management Strategies Journal, Constantin Brancoveanu University, vol. 45(3), pages 17-25.
    • Handle: RePEc:brc:journl:v:45:y:2019:i:3:p:17-25
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    References listed on IDEAS

    as
    1. Zou, Ling-li & Jia, Xian-wei, 2012. "Analysis of Factors Influencing the Turnover Efficiency of Quick Assets in Agricultural Companies," Asian Agricultural Research, USA-China Science and Culture Media Corporation, vol. 4(11), pages 1-5, November.
    2. Zabolotnyy, Serhiy & Felczak, Tomasz & Wasilewski, Mirosław, 2018. "Relations between input efficiency and financial situation of agricultural companies," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 276384, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agriculture; fixed assets; efficiency; production; profit;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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