Determinants of agricultural companies’ financial performance: The experience of Poland, Slovakia and Ukraine

Lehenchuk, Serhii; Чижевська, Людмила Віталіївна; Meluchová, Jitka; Zdyrko, Nataliya; Voskalo, Volodymyr

doi:10.21511/imfi.20(1).2023.10

Cited by 6 publications

(1 citation statement)

References 40 publications

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“…In that context, respective financial performance indicators of food retailers can be considered as a harmonized proxy to observe mutual relationships among different stakeholders involved, including owners' structures and the inclusion of their short and long-term goals (e.g. Bredin et al, 2022;Lehenchuk et al, 2023;Nes et al, 2021). However, the introduced attributes are treated in practice under diverse conditions for its effective applicability, even when the EU single market is assumed.…”

Section: Introductionmentioning

confidence: 99%

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Dubanych,

Vavřina,

Polák

2023

Investment Management and Financial Innovations

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Food insecurity is not a new phenomenon even in leading European economies, but this complex problem area is facing new global challenges. This article traces the research gap in addressing food insecurity by focusing on the role of food retail chains in the former “Eastern Bloc” in light of unprecedented food price inflation and the resulting scale of demand for the services of food banks. Through empirical analysis of secondary financial corporate data, a low level of their profitability in the period of 2011–2019 was revealed, which preceded the synchronicity of two unexpected global economic downturns. Specifically, Return on Sales for food retailers located in the Czech Republic and Hungary was generally below 2%, offset by higher Total Asset Turnover figures, consistent with the need to extend the volume of goods for sale. Development in profitability in selected newer EU member states is just as significantly similar to the situation in Ukraine. The mutual interaction of factors of economic size and the country of residence of business was analyzed regarding a possible influence on their financial performance. This study concluded that the presence of unresolved market distortions can both lead to increased food insecurity and, paradoxically, contribute to increased food waste. AcknowledgmentThe authors are thankful to the Internal Grant Agency of Mendel University in Brno for financial support to carry out this research as the partial output of the project No. IGA-PEF-TP-23-015 “Zajišťování výživových potřeb obyvatelstva vzhledem k aktuálním výzvám v oblasti regenerativních přístupů při vykonávání hospodářských činností podniků agropotravinářského komplexu se zaměřením na roli tuzemských potravinových bank”.

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Section: Introductionmentioning

confidence: 99%

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Dubanych,

Vavřina,

Polák

2023

Investment Management and Financial Innovations

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Production risk in the crop farming of the Baltic States, Poland, and Germany

Zegunis,

Balezentis

2024

Journal of International Studies

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Increasing climate volatility has called for further analysis of the risk management measures in agriculture. This paper sheds more light on production risks in the crop farming of northeastern European agriculture. Specifically, the cases of the three Baltic States (Estonia, Latvia, and Lithuania) are juxtaposed to those of Poland and Germany. Thus, both economically developed and developing economies are considered in the analysis. The study covers major crops throughout 2004-2022, i.e., considers the post-accession period of the new EU member states. The research relies on the downward coefficients of variation as the hazard measures. The conditional means were obtained by applying the moving average approach. The results suggest that the highest yield risk is observed for wheat and rape, whereas barley stands at the other end of the spectrum. Regarding the country-wise comparison, risk measures were highest in Estonia and lowest for Poland and Germany.

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Company value analysis: Sales, assets, growth opportunities and leverage in LQ-45 companies (Indonesia Stock Exchange)

Gunarianto,

Puspitosarie,

Hadi Susilo

2023

Investment Management and Financial Innovations

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Company value plays a significant role in investment decisions, company performance assessment, and risk analysis. In addition, there is uncertainty or inconsistency in the relationship between factors such as sales, assets, and leverage that can affect company value. The study aims to analyze the effect of sales growth, asset growth, and leverage on company value in companies listed on the Indonesia Stock Exchange, especially in the LQ-45 index during the 2021–2022 period. The research method uses a quantitative approach with statistical tools and hypothesis testing. Regression analysis through path analysis models is used to test the proposed hypothesis. The results showed asset growth of 15.42%, debt-equity ratio of 1.7797, and high Price to Book Value (36.2721). Nonetheless, leverage does not act as a mediator in the relationship between asset growth and company value, defying the Modigliani-Miller theory. The finding highlights the complexity of such factors in the context of LQ-45 companies, emphasizing the need for prudent asset management and debt policy to enhance competitiveness. The findings have important implications for financial management and business strategy in a dynamic and competitive environment.

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Determinants of agricultural companies’ financial performance: The experience of Poland, Slovakia and Ukraine

Cited by 6 publications

References 40 publications

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Production risk in the crop farming of the Baltic States, Poland, and Germany

Company value analysis: Sales, assets, growth opportunities and leverage in LQ-45 companies (Indonesia Stock Exchange)

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