Agricultural Economics, 2017 (vol. 63), issue 2
Will the amendments to the IAS 16 and IAS 41 influence the value of biological assets?Original Paper
Hana BOHUSOVA, Patrik SVOBODA
Agric. Econ. - Czech, 2017, 63(2):53-64 | DOI: 10.17221/314/2015-AGRICECON 
The aim of the paper is the evaluation of the impact of the new amendments to the IAS 16 and IAS 41 - Agriculture: Bearer Plants on the financial reporting in agriculture. The paper is based on the comparison of the current treatments for biological assets in a form of bearer plants measurement using the IFRS13 methodology and the treatments of the amendments to the IAS 16 and IAS 41. Statistical data regarding the selected bearer plant were used for the quantification. The orchard of fruit trees was considered as a suitable representative of bearer plants. As it is clear from the results of the research, the measurement at fair value using the DCF...
Financial crisis and the relative productivity dynamics of the biotechnology industry: Evidence from the Asia-Pacific countriesOriginal Paper
Yung-Hsiang LU, Shun-Ching WANG, Chih-Hung YUAN
Agric. Econ. - Czech, 2017, 63(2):65-79 | DOI: 10.17221/223/2015-AGRICECON
The dynamics of the corporate-level performance growth can reflect the pattern of the firms' reaction at the financial crisis moment. We employed the generalized metafrontier Malmquist productivity index to measure the impact of the financial crisis on the productivity of the biotechnology industry by using 68 biotechnology firms in the Asia-Pacific countries during 2001-2009. The empirical results showed that the financial crisis did not significantly impact productivity changes in the biotechnology industry in the Asia-Pacific region. This was primarily due to the improvements in efficiencies of scale and factor inputs reducing the overall impact....
Legal form of agricultural entities as a factor in ensuring the sustainability of the economic performance of agricultureOriginal Paper
Peter ADAMISIN, Rastislav KOTULIC, Ivana KRAVCAKOVA VOZAROVA
Agric. Econ. - Czech, 2017, 63(2):80-92 | DOI: 10.17221/208/2015-AGRICECON
Development of the agricultural sector prior to 1989 in Slovakia, such as in most countries of the Central and Eastern Europe, was affected by the collectivization realized on the principle of the central planning. The main objective became the quantity, while quality and efficiency had only a secondary importance. Entering into a new market environment after 1990 meant for agricultural enterprises complicated structural, economic and social changes. The aim of the paper is to evaluate the economic performance of agricultural entities depending on their legal form in Slovakia. We assume that the legal form or the way of organizing and management of...
Economic size of farms and adjustments of the total factor productivity to the business cycle in Polish agricultureOriginal Paper
Bazyli CZYZEWSKI, Adam MAJCHRZAK
Agric. Econ. - Czech, 2017, 63(2):93-102 | DOI: 10.17221/240/2015-AGRICECON
The article presents an approach to changes in the total factor productivity (TFP) which differs from that generally found in the literature. Changes are calculated in the real terms using the detailed input-output matrices for representative farms in Poland, for different economic size classes, in the years 2007-2013. Input-output matrices were used for the decomposition of the Hicks-Moorsteen TFP index. The goal is to evaluate changes in the real TFP in the downturn and recovery phases of the business cycle in agriculture. It was found that the reaction of TFP to business cycle changes on "small", "medium" and even "large" family farms in Poland...