Comparative analysis of debt financing models in Czech and Ukrainian agriculture

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43913074" target="_blank" >RIV/62156489:43110/17:43913074 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.11118/actaun201765051729" target="_blank" >https://doi.org/10.11118/actaun201765051729</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/actaun201765051729" target="_blank" >10.11118/actaun201765051729</a>

Result language

angličtina

Original language name

Comparative analysis of debt financing models in Czech and Ukrainian agriculture

Original language description

The paper defines the essence of financing models (financing patterns) from the viewpoint of different scientific approaches. Using the operational viewpoint it then analyses the use of different financing model by large and medium-sized agricultural enterprises of Ukraine and the Czech Republic. Based on this analysis, there are identified the basic financing models in Czech and Ukrainian agriculture. The changes that occurred in the role of the debt financing model for enterprises in the sector in both countries are determined. The role of debt financing model for agricultural enterprises in Ukraine, in contrast to the Czech Republic, signifcantly increased in recent years. The causes of this phenomenon are associated with the deterioration of the development of the financial system in the country, which also projects into worsening conditions for self-financing. It is the sign of a systemic crisis in agriculture. But in the Czech Republic the role of equity financing model of agricultural enterprises increased on the background of improving conditions for self-financing and, consequently, increasing their independence from creditors. The volume of liabilities is distributed between the agricultural enterprises very unevenly (especially in Ukraine), and it reflects not only the existing differentiation of size of these enterprises, but different access to external funds in general. The results of the paper deny the findings of some researchers that in countries with a less developed economy and financial system, the role of debt financing model is lower due to a lack access to the loans.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

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Volume of the periodical

65

Issue of the periodical within the volume

5

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

11

Pages from-to

1729-1739

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85040965003