Publication detail

Agriculture sector performance evaluation in terms of financial indicators: A comparison of Czech republic, Slovakia and western balkan states

HORNUNGOVÁ, J. MILICHOVSKÝ, F.

Original Title

Agriculture sector performance evaluation in terms of financial indicators: A comparison of Czech republic, Slovakia and western balkan states

English Title

Agriculture sector performance evaluation in terms of financial indicators: A comparison of Czech republic, Slovakia and western balkan states

Type

journal article in Scopus

Language

en

Original Abstract

Agriculture and food industry have become part of strategic areas for each country and each region of Europe. Important condition on companies in group A (according NACE classification) is fulfilling requirements of management in performance of financial area. Traditional financial indicators (calculated from accounting data) are still used to evaluate performance level, what have been considered to be the most appropriate approach over a long period of time in spite of different accounting and financial indicators. Themain objective is to find crucial factors in thefield of financial performance for agriculture companies in chosen region. Data from 10438 agricultural companies have been get from Amadeus database and analysed. For purpose of the paper there were used factor analysis, Pearson chi-square test for independence, and correspondence analysis. By application of factor analysis has reduced the basic set, originally formed by seven key financial indicators, into seven indexes according analysed countries. All observed factors were put into Pearson’s chi-square test to indicate the dependency between indexes and (1) company size and (2) NACE classification. Finally, there was applied correspondence analysis, by which were found out clusters of countries, industries and size.

English abstract

Agriculture and food industry have become part of strategic areas for each country and each region of Europe. Important condition on companies in group A (according NACE classification) is fulfilling requirements of management in performance of financial area. Traditional financial indicators (calculated from accounting data) are still used to evaluate performance level, what have been considered to be the most appropriate approach over a long period of time in spite of different accounting and financial indicators. Themain objective is to find crucial factors in thefield of financial performance for agriculture companies in chosen region. Data from 10438 agricultural companies have been get from Amadeus database and analysed. For purpose of the paper there were used factor analysis, Pearson chi-square test for independence, and correspondence analysis. By application of factor analysis has reduced the basic set, originally formed by seven key financial indicators, into seven indexes according analysed countries. All observed factors were put into Pearson’s chi-square test to indicate the dependency between indexes and (1) company size and (2) NACE classification. Finally, there was applied correspondence analysis, by which were found out clusters of countries, industries and size.

Keywords

financial performance indicators, agricultural companies, factor analysis, correspondence analysis

Released

02.05.2018

Publisher

Mendel University Press

Location

Brno

Pages from

497

Pages to

507

Pages count

11

URL

BibTex


@article{BUT147202,
  author="Jana {Hornungová} and František {Milichovský}",
  title="Agriculture sector performance evaluation in terms of financial indicators: A comparison of Czech republic, Slovakia and western balkan states",
  annote="Agriculture and food industry have become part of strategic areas for each country and each region of Europe. Important condition on companies in group A (according NACE classification) is fulfilling requirements of management in performance of financial area. Traditional financial indicators (calculated from accounting data) are still used to evaluate performance level, what have been considered to be the most appropriate approach over a long period of time in spite of different accounting and financial indicators. Themain objective is to find crucial factors in thefield of financial performance for agriculture companies in chosen region. Data from 10438 agricultural companies have been get from Amadeus database and analysed. For purpose of the paper there were used factor analysis, Pearson chi-square test for independence, and correspondence analysis. By application of factor analysis has reduced the basic set, originally formed by seven key financial indicators, into seven indexes according analysed countries. All observed factors were put into Pearson’s chi-square test to indicate the dependency between indexes and (1) company size and (2) NACE classification. Finally, there was applied correspondence analysis, by which were found out clusters of countries, industries and size.",
  address="Mendel University Press",
  chapter="147202",
  doi="10.11118/actaun201866020497",
  howpublished="online",
  institution="Mendel University Press",
  number="2",
  volume="66",
  year="2018",
  month="may",
  pages="497--507",
  publisher="Mendel University Press",
  type="journal article in Scopus"
}