Effects of Public Subsidies on Productivity of Firms in the Czech Food Industry

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F18%3A43913799" target="_blank" >RIV/62156489:43310/18:43913799 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/61384399:31130/18:00052299

Výsledek na webu

<a href="https://imes.vse.cz/wp-content/uploads/2018/07/Conference_Proceedings_IMES_2018.pdf" target="_blank" >https://imes.vse.cz/wp-content/uploads/2018/07/Conference_Proceedings_IMES_2018.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Effects of Public Subsidies on Productivity of Firms in the Czech Food Industry

Popis výsledku v původním jazyce

Purpose: The previous studies report ambiguous effects of public subsidies on firm productivity. The aim of the paper was to assess the effects of public subsidies on the productivity of firms that were supported by the Czech Operational Programme Enterprise and Innovation (OPEI) in the EU programming period 2007-2013. Design/methodology/approach: We used the data for 147 supported companies in the Czech food processing industry (72.4% of all beneficiaries within the industry) to calculate four indicators related to the firm productivity, i.e. value added, personnel costs, value added per personnel costs and production efficiency. We analysed the level and development of selected productivity indicators and then we applied the paired t-test to compare the productivity in the period before the intervention (2005-2007) with the post-programme period (2014-2015). Findings: The obtained results suggest that participation of the Czech food processing companies in the OPEI did not lead to the higher productivity of the supported enterprises, both in terms of labour productivity and production efficiency two years after the end of the intervention. Research/practical implications: The presented findings, therefore, suggest that there is no significant impact of the public support from the OPEI on the productivity of supported enterprises in the Czech food industry. However, it is worth mentioning, that the results must be taken as a preliminary since we have not accounted for the firm-level characteristics such as firm size. The changes in the productivity indicators might also take more time, and therefore it would be very relevant to investigate the effects also in the long run. Originality/value: The presented study empirically contributes to the knowledge on the relationship between the allocation of the public subsidies and firm productivity from the perspective of the Czech agribusiness sector.

Název v anglickém jazyce

Effects of Public Subsidies on Productivity of Firms in the Czech Food Industry

Popis výsledku anglicky

Purpose: The previous studies report ambiguous effects of public subsidies on firm productivity. The aim of the paper was to assess the effects of public subsidies on the productivity of firms that were supported by the Czech Operational Programme Enterprise and Innovation (OPEI) in the EU programming period 2007-2013. Design/methodology/approach: We used the data for 147 supported companies in the Czech food processing industry (72.4% of all beneficiaries within the industry) to calculate four indicators related to the firm productivity, i.e. value added, personnel costs, value added per personnel costs and production efficiency. We analysed the level and development of selected productivity indicators and then we applied the paired t-test to compare the productivity in the period before the intervention (2005-2007) with the post-programme period (2014-2015). Findings: The obtained results suggest that participation of the Czech food processing companies in the OPEI did not lead to the higher productivity of the supported enterprises, both in terms of labour productivity and production efficiency two years after the end of the intervention. Research/practical implications: The presented findings, therefore, suggest that there is no significant impact of the public support from the OPEI on the productivity of supported enterprises in the Czech food industry. However, it is worth mentioning, that the results must be taken as a preliminary since we have not accounted for the firm-level characteristics such as firm size. The changes in the productivity indicators might also take more time, and therefore it would be very relevant to investigate the effects also in the long run. Originality/value: The presented study empirically contributes to the knowledge on the relationship between the allocation of the public subsidies and firm productivity from the perspective of the Czech agribusiness sector.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 6th International Conference Innovation Management, Entrepreneurship and Sustainability (IMES 2018)

ISBN

978-80-245-2274-6

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

9

Strana od-do

239-247

Název nakladatele

Oeconomica

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

31. 5. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000461375200019