This article deals with the importance of environmental factors for business strategy. It discusses the potential benefits to companies which show concern for the environment beyond their legal obligations.The main contribution of this article is in presentation of the results of a questionnaire survey concerning customer views on products certified as 'environmentally friendly'. The knowledge of the respondents concerning individual instruments was not great. Most of the respondents were unwilling to pay more than 20% more for environmentally friendly products in comparison with conventional products. Only 38% of the respondents bought environmentally friendly products repeatedly.
The paper deals with the relationship between an environmentally friendly approach on the part of companies and financial performance. The paper emphasises that corporate social responsibility is an important issue in the strategic management of companies. The paper examines companies in the textile industry with an environmentally friendly certification in the Czech Republic, and then compares their indicator of profitability with companies in the textile industry without this chosen certification. The Wilcoxon test and t-test are used for the comparison. No statistically significant differences are confirmed. The limitations of the research are also discussed in the article.
Krause J., Machek O. (2018): A comparative analysis of organic and conventional farmers in the Czech Republic. Agric. Econ. -Czech, 64: 1-8.
Abstract:Organic farming has become a topic that receives an increasing academic as well as popular attention. Th is study examines the fi nancial diff erences between the organic and conventional farmers, as well as their income volatility. Based on the Student's t-test, the regression analysis and the matched-pair investigation on a sample of Czech 291 organic and 4045 conventional farmers over the period 2009-2013, the study indicates that the organic agricultural companies outperform the conventional companies in the terms of profi tability. However, their asset turnover is considerably lower. No evidence of diff erent income volatility has been found.
This article deals with organic farming in the Czech Republic and discusses ecological agriculture of the country in both perspectives, consumer and a production point of view. This article presents the results of a primary data collected after questionnaire survey. This survey revealed the popularity of organic products among consumers. Furthermore, the popularity of individual products, a higher willingness to pay, and other aspects like the application of organic products on the market was determined. For evaluation of the selected dependency, the chi-square (χ 2) test of goodness of fit was used. To assess the economic point of view (production view), data from the FADN (Farm Accountancy Data Network) database were used. The conventional and organic systems are compared in the article. A comparison of the costs and benefits of selected products in both farming systems is also provided.
The article deals with an evaluation of the impact on companies of activities that take a friendly approach to the environment, using a sample of companies in the Czech Republic. The importance of business activities in this area is discussed. The potential benefits and problems connected with these activities are mentioned. The aim of the present paper is to verify the positive impact of activities aimed at using environmentally friendly technologies on the indicators of productivity and profitability. A sample of businesses that have been supported in their activities by state aid was used. This sample covered 222 companies. The representativeness of the analyzed sample was verified. For evaluation of the impact, a t-test (paired two-sample for means), F-test for variance analysis, ANOVA and regression analysis were used. For a qualitative point of view, three examples of analyzed projects are given. The main conclusion is that it failed to demonstrate a statistically significant improvement in the chosen indicators. We were unable to verify any statistically important impact on the indicators of profitability and productivity. Further analysis showed a statistically important difference in the profitability indicator one year after subvention use, depending on the value of the subvention. The results of regression analysis also confirmed the negative dependence of the profitability indicator on subvention use. Examples given in the article show that not all projects had a positive impact on economic indicators.
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