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An Approach To Understanding And Assessing The Governance Efficiency Of Agricultural Enterprises

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  • Hrabrin BACHEV

    (Institute of Agricultural Economics)

Abstract

This article incorporates the New Institutional Economy and proposes an approach for understanding and assessing the governance efficiency of farms. It corroborates that a farm is efficient if it manages all its transactions and activities in the most economical (equal or more efficient) way compared to any other organization. Moreover, farms must have a good potential to adapt to permanently changing market, institutional, technological and natural environments in order to have high (overall) governance efficiency. Nature of the problems in effective organization for the main farm transactions for securing needed factors of production and output realization is used as an indicator for farm’s comparative efficiency. The analysis of survey data found that the overall level of governance efficiency of Bulgarian farms is acceptable the efficiency of 60% of them is low. There are huge differences in the level of efficiency of farms of different legal form, size, specialization and location as well as in the share of farms with different levels of efficiency in each group.

Suggested Citation

  • Hrabrin BACHEV, 2022. "An Approach To Understanding And Assessing The Governance Efficiency Of Agricultural Enterprises," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 21-38.
    • Handle: RePEc:dat:earchi:y:2022:i:2:p:21-38
    as

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    File URL: http://hdl.handle.net/10610/4657
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Bachev, Hrabrin, 2023. "Аграрното Управление - Опит За Разбиране И Икономическо Анализиране [Agrarian governance - attempt to understand and economic analysis]," MPRA Paper 118350, University Library of Munich, Germany.
    2. Bachev, Hrabrin, 2023. "Разбиране, Оценка И Фактори На Конкурентоспособността На Фермерските Управленчески Структури - Български Пример [Understanding, Assessment, and Factors of Competitiveness of Farming Governing Struc," MPRA Paper 116074, University Library of Munich, Germany.
    3. Bachev, Hrabrin & Koteva, Nina & Ivanov, Bodjidar & Mitova, Dilyana & Boevski, Ivan & Marinov, Petar & Sarov, Angel & Kostenarov, Krassimir & Dimova, Nadejda & Soyanova, Natalia & Terziev, Dimitar, 2022. "Въпроси На Конкурентоспособността На Земеделските Стопанства На България [Issues of the competitiveness of the agricultural holdings of Bulgaria]," MPRA Paper 116065, University Library of Munich, Germany.
    4. Bachev, Hrabrin, 2023. "About governance, production, and territorial dimensions of farm competitiveness – the case of Bulgaria," MPRA Paper 118035, University Library of Munich, Germany.
    5. Bachev, Hrabrin, 2022. "A framework for assessing the governance efficiency of agricultural farms," MPRA Paper 113696, University Library of Munich, Germany.
    6. Hrabrin Bachev, 2023. "Competitiveness of Farming Structures in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 108-131.

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    More about this item

    Keywords

    governance; efficiency; farm; transaction costs;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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