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Assessment of the Relationship Between Farm Size and Flexibility: The Case of Ukraine

Author

Listed:
  • Skydan Oleg

    (ScD, Rector, Polissia National University, Zhytomyr, Ukraine)

  • Nykolyuk Olga

    (ScD, Professor, Polissia National University, Zhytomyr, Ukraine, Tel. +38098 4563234)

  • Pyvovar Petro

    (PhD, Associate Professor, Polissia National University, Zhytomyr, Ukraine)

Abstract

High flexibility is a necessary criterion for an agricultural business to survive in an uncertain environment characterized by chaotic dynamics and an increasing pace of innovation as well as by various weather and market risks. The purpose of this research is to assess and benchmark the flexibility level of differently sized agricultural enterprises. Such research methods as standardization and integrated evaluation (to define the partial and integrated flexibility coefficients), correlation and regression analysis (to assess the interrelation between the farm size and flexibility) as well as techniques of mathematical statistics (to benchmark the flexibility level of agricultural companies varying in size) have been used in this study. It has revealed that the bigger the enterprise is, the more strategic flexibility it has. However, its structural flexibility and the value of the integrated flexibility coefficient are independent of the company size. Smaller agricultural enterprises are less strategically flexible compared to their larger counterparts due to limited resources.

Suggested Citation

  • Skydan Oleg & Nykolyuk Olga & Pyvovar Petro, 2021. "Assessment of the Relationship Between Farm Size and Flexibility: The Case of Ukraine," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 43(1), pages 21-37, March.
    • Handle: RePEc:vrs:mtrbid:v:43:y:2021:i:1:p:21-37:n:5
    DOI: 10.15544/mts.2021.03
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    References listed on IDEAS

    as
    1. Anas A. Nurullin* & Asiya K. Subaeva & Aydar A. Nurullin & Natalya R. Aleksandrova, 2018. "Management of Reproduction of the Fixed Capital of the Agricultural Enterprises by Method of Economic and Mathematical Modeling," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 265-271:5.
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    More about this item

    Keywords

    agricultural enterprise; flexibility assessment methodology; flexibility; operational flexibility; structural flexibility; strategic flexibility;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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