Micro-data efficiency evaluation of agricultural companies: The case of Germany and neighbouring countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43926117" target="_blank" >RIV/62156489:43110/24:43926117 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.17221/190/2024-AGRICECON" target="_blank" >https://doi.org/10.17221/190/2024-AGRICECON</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.17221/190/2024-AGRICECON" target="_blank" >10.17221/190/2024-AGRICECON</a>

Result language

angličtina

Original language name

Micro-data efficiency evaluation of agricultural companies: The case of Germany and neighbouring countries

Original language description

This study uses micro-financial data to examine the efficiency of agricultural enterprises in Germany and its neighbouring countries. The aim of the study is to introduce a model for the agricultural sector and conduct an efficiency analysis using these data, interpreting the results with specific knowledge in the management of an agriculture company. Both technical and allocative efficiencies were determined, and the companies were ranked. Possible correlations between company size, measured by turnover, and the determined efficiency were analysed. At present, there is a lack of studies in the agricultural sector with high aggregated financial data, which are the basis and necessity for well-founded decision support to increase efficiency. The data envelopment analysis method was used, as a non-parametric procedure from operations research and economics field. Both the constant returns to scale (CCR) and variable returns to scale (BCC) models were used to calculate the efficiency values. The results showed that large and very large companies achieved the highest levels of efficiency. Interestingly, very large companies lost efficiency compared to large companies, suggesting that the optimal efficiency level lies with the latter. Furthermore, the Netherlands was the absolute efficiency leader, while the other countries achieved similar lower efficiencies. This study contributes to the literature by providing a comprehensive efficiency analysis in the agricultural sector based on financial data, thus offering a basis for future studies and political decisions.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

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

Name of the periodical

Agricultural Economics-Zemedelska ekonomika

ISSN

0139-570X

e-ISSN

1805-9295

Volume of the periodical

70

Issue of the periodical within the volume

11

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

565-576

UT code for WoS article

001367691500004

EID of the result in the Scopus database

2-s2.0-85212470650