View More View Less
  • 1 Department of Public Administration, Collegium of Socio-Economics, SGH Warsaw School of Economics, Warsaw, Poland
  • | 2 Department of Finance and Risk Management, Institute of Agricultural and Food Economics – NRI, Świętokrzyska Str. 20, 00-002Warsaw, Poland
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

Abstract

The aim of this study is to examine the impact of selected determinants on various categories of profitability in the Polish agriculture. To answer this question, we employed a unique panel of 78 entities. We found that subsidies had a negative effect on profitability of large farms. Moreover, they did not detect a significant impact of variables related to farm operator. Financial surplus to liabilities had a positive impact on both ROS and ROA. Moreover, the significance of using the risk management tools and shaping the ratio of rented land to total land are underlined as important managerial implications. Diagnostics of the model indicated the advantage of the models with fixed effects (FE) over the models with random effects (RE).

  • Anarfi, D.Danquah, K. A. B. (2017): Determinants of Return on Equity in the Czech Agricultural and Forest Industry. Journal of Innovative Research in Business & Economics, 1(11): 4349.

    • Search Google Scholar
    • Export Citation
  • Asimakopoulos, I.Samitas, A.Papadogonas, T. (2009): Firm-specific and economy wide determinants of firm profitability: Greek evidence using panel data. Managerial Finance, 35(11): 930939.

    • Search Google Scholar
    • Export Citation
  • Balmann, A.Chaddad, F.Hermans, F. (2015): Agro-Holdings and Other Types of Mega-Farming Operations in Developed and Emerging economies. Pre-Conference Workshop of the 29th International Conference of Agricultural Economists.

    • Search Google Scholar
    • Export Citation
  • Baltagi, B. H. (2008): Econometric Analysis of Panel Data. Chichester: John Wiley & Sons.

  • Boyd, S.Boland, M.Dhuyvetter, K.Barton, D. (2007): Determinants of Return on Equity in US Local Farm Supply and Grain Marketing Cooperatives. Journal of Agricultural and Applied Economics, 39(01): 201210.

    • Search Google Scholar
    • Export Citation
  • Britz, W.Gocht, A.Domínguez, I. P.Jansson, T.Grosche, S. C. (2012): EU-Wide Regional and Farm Level Effects of Premiums Decoupling and Harmonisation Following the Health Check Reform. German Journal of Agricultural Economics, 61(1): 4456.

    • Search Google Scholar
    • Export Citation
  • Clark, T. S.Linzer, D. A. (2012): Should I Use Fixed or Random Effects. Working Paper, No. 1315, St. Luis: Washington University.

  • European Commission, Directorate-General for Agriculture and Rural Development (2010): Developments in the Income Situation of the EU Agricultural Sector. Brussels, December 2010.

    • Search Google Scholar
    • Export Citation
  • Franks, J. (2009): Size and Non-Size Effects on the Profitability of Farms in English Less Favoured Areas. Journal of Farm Management, 13(7): 933.

    • Search Google Scholar
    • Export Citation
  • Fryges, H.Wagner, J. (2010): Exports and Profitability: First Evidence for German Manufacturing Firms. World Economy, 33: 399423. https://doi.org/10.1111/j.1467-9701.2010.01261.x.

    • Search Google Scholar
    • Export Citation
  • Galioto, F., et al. (2017): Economic, Environmental, and Animal Welfare Performance on Livestock Farms: Conceptual Model and Application to Some Case Studies in Italy. Sustainability, 9(9): 1615. https://doi.org/10.3390/su9091615.

    • Search Google Scholar
    • Export Citation
  • Gloy, B. A.LaDue, E. (2003): Financial Management Practices and farm Profitability. Agricultural Finance Review, 63(2): 157174.

  • Goddard, J.Tavakoli, M.Wilson, J. O. S. (2005): Determinants of Profitability in European Manufacturing and Services: Evidence from a Dynamic Panel Model. Applied Financial Economics, 15(18): 12691282.

    • Search Google Scholar
    • Export Citation
  • Góral, J. (2015): Impact of Direct Payments on Economic Performance of Farms. In: Góral, J. (ed.), Subsidies Versus Economics, Finances and Income of Farms (1). IAFE-NRI, Warsaw.

    • Search Google Scholar
    • Export Citation
  • Góral, J. (2016): In: Oddziaływanie dotacji na efektywność techniczną gospodarstw wielkotowarowych (The Impact of Common Agricultural Policy on Technical Efficiency of Farms). IERiGŻ-PIB (IAFE-NRI Press), Warsaw.

    • Search Google Scholar
    • Export Citation
  • GUS (2012): Charakterystyka gospodarstw rolnych (Characteristics of Agricultural Holdings). Powszechny Spis Rolny 2010, Warsawa.

  • Kagan, A.Kulawik, J. (2013): Wyniki 2011. Wnioski Z Rankingu. Ranking 300 (Results 2011. Conclusions from the Ranking. Ranking 300). Warsaw: IAFE-NRI. Available at: http://ierigz.waw.pl/prace-badawcze/ranking-300/wyniki-2011.

  • Kagan, A.Ziętara, W. (2017): Economic Efficiency of Farming – Lessee or Owner (An Attempt at Assessment). Problems of Agricultural Economics, 352(3): 7491.

    • Search Google Scholar
    • Export Citation
  • Katchova, A. L. (2010): An Analysis of the Financial Performance of Beginning Farmers. Selected Paper prepared for presentation at the Agricultural & Applied Economics Association 2010 AAEA, CAES&WAEA Joint Annual Meeting, Denver, Colorado, July 25–27, Lexington, KY.

    • Search Google Scholar
    • Export Citation
  • Kirwan, B. E. (2014): The Crowd-Out Effect of Crop Insurance on Farm Survival and Profitability. 2014 Annual Meeting, July 27–29, 2014. Minneapolis, Minnesota, Agricultural and Applied Economics Association.

    • Search Google Scholar
    • Export Citation
  • Kropp, J. D.Katchova, A. L. (2011): The Effects of Direct Payments on Liquidity and Repayment Capacity of Beginning Farmers. Agricultural Finance Review, 71(3): 347365.

    • Search Google Scholar
    • Export Citation
  • Kropp, J. D.Whitaker, J. B. (2011): The Impact of Decoupled Payments on the Cost Operating Capital. Agricultural Finance Review, 71(1): 2540.

    • Search Google Scholar
    • Export Citation
  • Kulawik, J. (ed.) (2012): Dopłaty Bezpośrednie I Dopłaty Budżetowe a Finance Oraz Funkcjonowanie goSspodarstw I Przedsiębiorstw Rolniczych (2) (Direct Payments and Budget Subsidies versus Finance and Functioning of Holdings and Agricultural Enterprises (2)). Warsaw: IAFE-NRI.

    • Search Google Scholar
    • Export Citation
  • Kulawik, J. (ed.) (2014): Dotacje Bezpośrednie I Dotacje Budżetowe a Finanse Oraz Funkcjononowanie Gospodarstw I Przedsiębiorstw Rolniczych (4) (Direct Payments and Budget Subsidies versus Finance and Functioning of Holdings and Agricultural Enterprises (4). Warsaw: IAFE-NRI.

    • Search Google Scholar
    • Export Citation
  • Lososová, J.Zdeněk, R. (2014): Key Factors Affecting the Profitability of Farms in the Czech Republic. AGRIS on-line Papers in Economics and Informatics, 6(1): 2136.

    • Search Google Scholar
    • Export Citation
  • MacDonald, J.M. (2008): The Economic Organization of U.S. Broiler Production. Economic Information Bulletin, No. 38. Economic Research Service, U.S. Dept. of Agriculture, June. ERS USDA.

    • Search Google Scholar
    • Export Citation
  • Machek, O.Špička, J. (2014): Productivity and Profitability of the Czech Agricultural Sector after the Economic Crisis. WSEAS Transactions on Business and Economics, 11: 700706.

    • Search Google Scholar
    • Export Citation
  • Nehring, R.Gillespie, A. L.Hallahan, C. J.Harris, M.Erickson, K. (2015): What’s Driving US Broiler Farm Profitability? International Food and Agribusiness Management Review, 18(A): 5978.

    • Search Google Scholar
    • Export Citation
  • Némethová, J.Dubcová, A.Kramáreková, J. (2014): Impacts of the European Union's Common Agricultural Policy on Agriculture in Slovakia. Moravian Geographical Reports, 22(4): 5164.

    • Search Google Scholar
    • Export Citation
  • Ostapchuk, I.Balmann, A.Curtiss, J. (2015): Productivity and Profitability Developments in Ukraine: Agroholdings versus Independent Enterprises. Presentation on Pre-conference Workshop of the 29th International Conference of Agricultural Economists, August 8, 2015. Available at: https://www.iamo.de/fileadmin/user_upload/Bilder_und_Dokumente/06-veranstaltungen/icae-mailand_20-15/icae-workshop_presentations/BalmannOstapchukCurtiss_2015__2_.pdf.

    • Search Google Scholar
    • Export Citation
  • Poláková, J.Koláčková, G.Tichá, I. (2015): Performance Implications of Business Model Change: A Case Study. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(6): 21012107.

    • Search Google Scholar
    • Export Citation
  • Rembisz, W. (2008): Mikro i makroekonomiczne podstawy równowagi wzrostu w sektorze rolno - spożywczym (Micro and Macroeconomic Foundations of the Balance of Growth in the Agri-Food Sector). Vizja Press & IT, Warsaw.

    • Search Google Scholar
    • Export Citation
  • Rizov, M.Pokrivcak, J.Ciaian, P. (2013): CAP Subsidies and the Productivity of EU Farms. Journal of Agricultural Economics, 64(3): 537557.

    • Search Google Scholar
    • Export Citation
  • Ryś-Jurek, R. (2013): Rentowność sprzedaży w sektorze gospodarstw rolnych w Polsce na tle krajów Unii Europejskiej (The Profitability of Farm Sales in Poland Compared to the Countries of the European Union). Wieś i Rolnictwo, 4(161): 161172.

    • Search Google Scholar
    • Export Citation
  • Sciascia, S.Mazzola, P.Kellermanns, F. W. (2014): Family Management and Profitability in Private Family-Owned Firms: Introducing Generational Stage and the Socioemotional Wealth Perspective. Journal of Family Business Strategy, 5(2): 31137.

    • Search Google Scholar
    • Export Citation
  • Seremak-Bulge, J. (2009): Koniunktura w rolnictwie (Agricultural Outlook). Rynek Rolny (Agricultural Market), IERiGŻ-PIB, Warsaw, 3–4: 4–6.

  • Seremak-Bulge, J. (2012): Koniunktura w rolnictwie (Agricultural Outlook). Rynek Rolny (Agricultural Market). https://www.ierigz.waw.pl/publikacje/rynek-rolny/3241,16,3,0,c2VyZW1haw==.html.

    • Search Google Scholar
    • Export Citation
  • Stierwald, A. (2009): Determinants of Firm Profitability – The Effect of Productivity and its Persistence. Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (Preliminary Version). Available at: https://editorialexp-ress.com/cgi-bin/confe-rence/downlo-ad.cgi?db_name=ESAM09&paper_id=152.

    • Search Google Scholar
    • Export Citation
  • Tóth, M. (2011): Impact of CAP Subsidies on Profit in Agricultural Enterprises in Slovakia. Zeszyty Naukowe SGGW – Polityki Europejskie, Finanse I Marketing, 5(14): 208215.

    • Search Google Scholar
    • Export Citation
  • Trnková, G.Malá, Z. (2012): Analysis of Distribution Impact of Subsidies within the Common Agricultural Policy on Field Production Businesses in the Czech Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, LX, 44(7): 415424.

    • Search Google Scholar
    • Export Citation
  • Viira, A. H.Pöder, A.Värnik, R. (2013): The Determinants of Farm Growth, Decline and Exit in Estonia. German Journal of Agricultural Economics, 62(1): 5264.

    • Search Google Scholar
    • Export Citation
  • Zakova Kroupova, Z. (2016): Profitability Development of Czech Dairy Farms. Agricultural Economics, 62(6): 269279.

  • Zawadzka, D.Szafraniec-Siluta, E. (2015): Rentowność aktywów przedsiębiorstw rolniczych w Polsce – ocena porównawcza (Agriculture Enterprises' Profitability of Assets in Poland – Comparative Assesment). Roczniki Naukowe Stowarzyszenia Ekonomistów Rolnictwa i Agrobiznesu, XVII(6): 339345.

    • Search Google Scholar
    • Export Citation
Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2021 Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Subscription fee 2022 Online subsscription: 600 EUR / 750 USD
Print + online subscription: 704 EUR / 880 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Apr 2021 41 6 5
May 2021 45 3 4
Jun 2021 36 0 0
Jul 2021 17 1 2
Aug 2021 23 1 1
Sep 2021 38 0 0
Oct 2021 4 1 1