Does Biological Assets´ Tangibility Matter from the Profitability and Cost of Debt Perspective for Agricultural Firms?
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A103023" target="_blank" >RIV/60460709:41110/25:103023 - isvavai.cz</a>
Nalezeny alternativní kódy
RIV/00216208:11230/25:10513973
Výsledek na webu
<a href="https://doi.org/10.7160/aol.2025.170207" target="_blank" >https://doi.org/10.7160/aol.2025.170207</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7160/aol.2025.170207" target="_blank" >10.7160/aol.2025.170207</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Does Biological Assets´ Tangibility Matter from the Profitability and Cost of Debt Perspective for Agricultural Firms?
Popis výsledku v původním jazyce
The research aim is to identify specific production factors (biological assets) and target potential profitability and cost of external debt dependency on these biological assets (as an anticipated essential driving forces) due to relative scarcity of this topic coverage. Underlying unbalanced data set consist of 229 agricultural firms managing their business operations from 2011 till 2019 in the Czech Republic. The paper is innovative based on its combination of several different factors including incorporation of biological assets' variables influencing firm's profitability and by assessing determinants concerning cost of external debt using a panel regression analysis with fixed effects. Biological assets tangibility is relatively low with declining trend. Contrary to it land tangibility experienced exactly opposite development caused by "skyrocket" land price appreciation. It has been proven that cost of debt is depending only on the short/long-term leverage levels, thus primarily the total indebtedness is essential and relevant driving force.
Název v anglickém jazyce
Does Biological Assets´ Tangibility Matter from the Profitability and Cost of Debt Perspective for Agricultural Firms?
Popis výsledku anglicky
The research aim is to identify specific production factors (biological assets) and target potential profitability and cost of external debt dependency on these biological assets (as an anticipated essential driving forces) due to relative scarcity of this topic coverage. Underlying unbalanced data set consist of 229 agricultural firms managing their business operations from 2011 till 2019 in the Czech Republic. The paper is innovative based on its combination of several different factors including incorporation of biological assets' variables influencing firm's profitability and by assessing determinants concerning cost of external debt using a panel regression analysis with fixed effects. Biological assets tangibility is relatively low with declining trend. Contrary to it land tangibility experienced exactly opposite development caused by "skyrocket" land price appreciation. It has been proven that cost of debt is depending only on the short/long-term leverage levels, thus primarily the total indebtedness is essential and relevant driving force.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2025
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
AGRIS on-line Papers in Economics and Informatics
ISSN
1804-1930
e-ISSN
1804-1930
Svazek periodika
17
Číslo periodika v rámci svazku
JUN 2025
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
12
Strana od-do
95-106
Kód UT WoS článku
001533993900007
EID výsledku v databázi Scopus
2-s2.0-105011179196