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  • The assessment of Total Factor Productivity (TFP), i.e. inclusion of all factors of production seems to be an easy task. However, its calculation can meet with some difficulties. The calculation of inputs is complicated as different factors of production, which are processes to outputs, has to be transformed to a common factor. The aim of the paper was to analyse relations of efficiency of factors of production measured by factor productivity based on economic profit and returns (profitability) of enterprise measured by the most synthetic profitability indicator (Return on Assets, ROA). A partial aim was to consider risk analysed through ratio of cost to capital (Weighted Average Cost of Capital - WACC) performed in the sample on agricultural enterprises in 2004-2008. The database used for the research consisted of 622 agricultural enterprises. The methodology of calculation was based on an approach according to Neumaierová and Neumaier (2002) considering the economic profit. This methodology suits well to conditions of Czech financial statements (a balance sheets and a profit and loss statement). The TFP assessment was connected to the return on assets and the correlation analysis revealed dependences of calculated indicators. The paper is a part of the MSM 6007665806 research project.
  • The assessment of Total Factor Productivity (TFP), i.e. inclusion of all factors of production seems to be an easy task. However, its calculation can meet with some difficulties. The calculation of inputs is complicated as different factors of production, which are processes to outputs, has to be transformed to a common factor. The aim of the paper was to analyse relations of efficiency of factors of production measured by factor productivity based on economic profit and returns (profitability) of enterprise measured by the most synthetic profitability indicator (Return on Assets, ROA). A partial aim was to consider risk analysed through ratio of cost to capital (Weighted Average Cost of Capital - WACC) performed in the sample on agricultural enterprises in 2004-2008. The database used for the research consisted of 622 agricultural enterprises. The methodology of calculation was based on an approach according to Neumaierová and Neumaier (2002) considering the economic profit. This methodology suits well to conditions of Czech financial statements (a balance sheets and a profit and loss statement). The TFP assessment was connected to the return on assets and the correlation analysis revealed dependences of calculated indicators. The paper is a part of the MSM 6007665806 research project. (en)
Title
  • Multifactor productivity analysis in the sample of agricultural enterprises
  • Multifactor productivity analysis in the sample of agricultural enterprises (en)
skos:prefLabel
  • Multifactor productivity analysis in the sample of agricultural enterprises
  • Multifactor productivity analysis in the sample of agricultural enterprises (en)
skos:notation
  • RIV/60076658:12510/11:43882798!RIV12-MSM-12510___
http://linked.open...avai/predkladatel
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • Z(MSM6007665806)
http://linked.open...iv/cisloPeriodika
  • 7
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 214218
http://linked.open...ai/riv/idVysledku
  • RIV/60076658:12510/11:43882798
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • farms; correlation analysis; efficiency of production factor; Return on Assets (ROA); Weighted Average Cost of Capital (WACC); Total Factor Productivity (TFP) (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [8D42284D9422]
http://linked.open...i/riv/nazevZdroje
  • Acta Universitatis agriculturae et silviculturae Medeliae Brunensis
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • LIX
http://linked.open...iv/tvurceVysledku
  • Novotná, Martina
  • Svoboda, Jaroslav
http://linked.open...n/vavai/riv/zamer
issn
  • 1211-8516
number of pages
http://localhost/t...ganizacniJednotka
  • 12510
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