Financial aspects of innovations potential at business level: Focus on manufacturers of prepared animal feed settled in Visegrad 4 member countries

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Financial aspects of innovations potential at business level: Focus on manufacturers of prepared animal feed settled in Visegrad 4 member countries

Popis výsledku v původním jazyce

Innovations are regarded across all industrial branches as an influential factor of competitiveness. A need for innovations is driven mainly by competition on free markets and subsequent needs to sustainably manage production value for customers and other stakeholders. Further specific consequences in that field can be discussed within food and feed processing industry branches. Government policies in EU member countries in this area of business activities focus on instruments, which can help to mitigate main constraints of innovative activities of food and feed producers to encourage their sustainable competiveness mainly on the single European market like different types of encouragements. Food and feed manufacturers from Visegrad 4 member countries had similar conditions, when they entered this market in year 2004. So, prevailingly the respective policy instruments are providing financial encouragements in order to promote investments of food and feed manufacturers to meet actual trends and production standards, covering also food and feed safety or hygienic rules. This article provides an insight into the development of long term financial structure among businesses active in industry Manufacture of prepared animal feed (EU NACE code 10.9) as a specific branch within the scope of the food, beverages and tobacco manufacturing industry. Authors explore development of the financial structures and production performance of companies settled in V4 member countries, using secondary corporate financial data in the period of years 2007 - 2015, covering economic crises period and consecutive economic upturn, in order to provide an identification of similarities and dissimilarities among active businesses entities in this area of entrepreneurial activities. Development of financial structure, production performance and investments of business entities in observed branches are then discussed as the partial factors of innovativeness, covering different economic size categories of businesses.

Název v anglickém jazyce

Financial aspects of innovations potential at business level: Focus on manufacturers of prepared animal feed settled in Visegrad 4 member countries

Popis výsledku anglicky

Innovations are regarded across all industrial branches as an influential factor of competitiveness. A need for innovations is driven mainly by competition on free markets and subsequent needs to sustainably manage production value for customers and other stakeholders. Further specific consequences in that field can be discussed within food and feed processing industry branches. Government policies in EU member countries in this area of business activities focus on instruments, which can help to mitigate main constraints of innovative activities of food and feed producers to encourage their sustainable competiveness mainly on the single European market like different types of encouragements. Food and feed manufacturers from Visegrad 4 member countries had similar conditions, when they entered this market in year 2004. So, prevailingly the respective policy instruments are providing financial encouragements in order to promote investments of food and feed manufacturers to meet actual trends and production standards, covering also food and feed safety or hygienic rules. This article provides an insight into the development of long term financial structure among businesses active in industry Manufacture of prepared animal feed (EU NACE code 10.9) as a specific branch within the scope of the food, beverages and tobacco manufacturing industry. Authors explore development of the financial structures and production performance of companies settled in V4 member countries, using secondary corporate financial data in the period of years 2007 - 2015, covering economic crises period and consecutive economic upturn, in order to provide an identification of similarities and dissimilarities among active businesses entities in this area of entrepreneurial activities. Development of financial structure, production performance and investments of business entities in observed branches are then discussed as the partial factors of innovativeness, covering different economic size categories of businesses.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020 (IBIMA 2019)

ISBN

978-0-9998551-2-6

ISSN

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e-ISSN

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Počet stran výsledku

12

Strana od-do

8270-8281

Název nakladatele

International Business Information Management Association (IBIMA)

Místo vydání

Norristown

Místo konání akce

Granada

Datum konání akce

10. 4. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000510675604005