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Registros recuperados: 10
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Bioenergy – A New Chance for Czech Agriculture and its Risks AgEcon
Doucha, Tomas; Jelinek, Ladislav; Medonos, Tomas.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/114433
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Future and Past Effects of the Common Agricultural Policy in Czech Republic AgEcon
Sahrbacher, Christoph; Jelinek, Ladislav; Kellermann, Konrad; Medonos, Tomas.
The paper discusses the impact of the implementation of the EU Common Agricultural Policy on Czech agriculture with a special emphasis given to the effects resulting from the application of current direct payments system. Two approaches were applied: in an ex post analysis we address how accession have so far influenced structural changes income situation and production structure. Secondly, in an ex-ante analysis we apply the agent-based model AgriPoliS to simulate the impacts of decoupling top-ups on structural change and farm income. In the ex post analysis it has been observed that production decisions are strongly influenced by top-ups. Furthermore, the model shows that accession slows down structural change while decoupling of top-ups in 2009 will not...
Tipo: Conference Paper or Presentation Palavras-chave: Structural change; Czech Republic; Decoupling; Agent-based modelling; Common Agricultural Policy.; Agricultural and Food Policy.
Ano: 2007 URL: http://purl.umn.edu/7828
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Impact of public subsidies on farms’ technical efficiency in New Member States before and after EU accession AgEcon
Latruffe, Laure; Bakucs, Lajos Zoltan; Bojnec, Stefan; Ferto, Imre; Fogarasi, Jozsef; Gavrilescu, Camelia; Jelinek, Ladislav; Luca, Lucian; Medonos, Tomas; Toma, Camelia.
This paper presents some results of a two-year (2006-2007) research project supported by the French Ministry of Research’s funding program ECONET. One of the project’s objectives was to investigate the determinants of farm technical efficiency in New Member States before and after accession to the European Union, and in particular the role of public subsidies on this performance variable. Four countries were considered: Hungary, the Czech Republic and Slovenia, who acceded to the EU in 2004, and Romania, whose accession was in 2007. The study found that subsidies had a negative impact on farm technical efficiency in Hungary over the period 2001-2005, in the Czech dairy corporate sector over the period 2000-2004, in Slovenia over the period 1994-2003, and...
Tipo: Conference Paper or Presentation Palavras-chave: Technical efficiency; Farms; Subsidies; Hungary; Czech Republic; Slovenia; Romania; Farm Management.
Ano: 2008 URL: http://purl.umn.edu/44142
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Investment Activity and Ownership Structure of Czech Corporate Farms AgEcon
Curtiss, Jarmila; Latruffe, Laure; Medonos, Tomas; Ratinger, Tomas.
This paper aims at assessing the relationship between ownership structure, performance and investment activity. In particular it studies how behavioural differences between farms related to ownership structure influence farms' investment activity and thus their further development potential resulting in farm structural changes. The paper analyses a sample of corporate farms over 7 years, 1997-2003, using structural model of three equations including investment accelerator model. This model considers the effect of ownership on (a) technical efficiency as proxy for the quality of operational management, (b) returns on capital as proxy for quality of financial management, (c) investment activity, and (d) investment sensitivity to internal funds as proxy for...
Tipo: Conference Paper or Presentation Palavras-chave: Corporate ownership; Employee ownership; External ownership; Agency problem; Investment behaviour; Financial constraint; Agricultural Finance; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/7826
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Less Discussed Dynamics in the Czech Farm Structure Development AgEcon
Curtiss, Jarmila; Ratinger, Tomas; Medonos, Tomas.
The paper provides an empirical study of the dynamics of ownership changes in Czech agricultural companies, which are assigned by unique heterogeneity in ownership forms. Since employee ownership has retained a relatively important place in these structures, neoclassical, as well as institutional theories of labour managed firms are considered. Building upon efficiency arguments, both approaches suggest the dissolution of labour managed firms. The empirical analysis utilized detailed survey data from 2004 and accountancy data from 1997 to 2003. We used cluster analysis to classify companies into homogeneous groups with respect to their ownership structure and stage of restructuring, and analysed these characteristics in relation to performance indicators....
Tipo: Conference Paper or Presentation Palavras-chave: Cluster analysis; Czech agriculture; Ownership; Large-scale farms; Performance; Principal; Component analysis; Farm Management; D2; L1; L2.
Ano: 2006 URL: http://purl.umn.edu/25337
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OWNERSHIP AND INVESTMENT BEHAVIOR IN TRANSITION: CASE OF CZECH COLLECTIVE AND CORPORATE FARMS AgEcon
Curtiss, Jarmila; Ratinger, Tomas; Medonos, Tomas.
Cooperative and corporate farms have retained an important role for agricultural production in many transition countries of Central and Eastern Europe. Despite this importance, their ownership structure and particularly the ownership's effect on their investment activity vital for efficient restructuring and the sector's future development are still not well understood. This paper aims to analyze the ownership-investment relationship using data on Czech farms from 1997 to 2008. We allow for ownership-specific variability in farm investment behavior analyzed by means of error-correction accelerator model. Empirical results suggest significant differences in the level of investment activity, responsiveness to market signals, investment lumpiness of...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/114282
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Ownership and Investment Behaviour in Transition Countries: A Case Study of Collective and Corporate Farms in the Czech Republic AgEcon
Curtiss, Jarmila; Ratinger, Tomas; Medonos, Tomas.
Cooperative and corporate farms have retained an important role for agricultural production in many transition countries of Central and Eastern Europe. Despite this importance, these farms' ownership structure, and particularly the ownership's effect on their investment activity, which is vital for efficient restructuring and the sector's future development, are still not well understood. This paper explores the ownership-investment relationship using data on Czech farms from 1997 to 2008. We allow for ownership-specific variability in farm investment behaviour analyzed by utilizing an errorcorrection accelerator model. Empirical results suggest significant differences in the level of investment activity, responsiveness to market signals, investment...
Tipo: Working Paper Palavras-chave: Ownership; Investment behaviour; Collective and Corporate Farms; Czech Republic; Community/Rural/Urban Development.
Ano: 2012 URL: http://purl.umn.edu/122841
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Ownership Form Effect on Large-Scale Farms' Performance: Case of Czech Agriculture AgEcon
Curtiss, Jarmila; Medonos, Tomas; Ratinger, Tomas.
Replaced with revised version of paper 03/01/06.
Tipo: Conference Paper or Presentation Palavras-chave: Cluster analysis; Czech agriculture; Ownership; Endogeneity; Large-scale farms; Performance; Principal component analysis.; Farm Management.
Ano: 2005 URL: http://purl.umn.edu/24435
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Structural Change in Transition: A Role for Organizational Legitimacy? Evidence from Czech Agriculture AgEcon
Curtiss, Jarmila; Brümmer, Bernhard; Medonos, Tomas; Weaver, Robert D..
Market liberalization in Central and Eastern Europe was targeted at establishing incentives that would improve economic performance. While substantial reorganization of enterprises is observed, firms can also be observed which devote resources towards establishing organizational legitimacy. Motivations for such behavior are considered and empirical evidence of its relationship with technical efficiency using a distance function approach is analyzed for the case of Czech agriculture. Contrary to the expectation that such behavior would be inefficient, we find that firms reap private economic gains from legitimacy efforts through improved access to agricultural land, investment subsidies and firm internal social capital. However, its effect on technical...
Tipo: Conference Paper or Presentation Palavras-chave: Organizational legitimacy; Efficiency; Structural change; Transition; Agriculture; Industrial Organization; D21; D23; D24.
Ano: 2005 URL: http://purl.umn.edu/24557
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What determines the Czech land market prices? Some regional findings AgEcon
Medonos, Tomas; Vilhelm, Vaclav; Hruska, Martin; Jelinek, Ladislav.
The paper deals with the analysis of market land prices that were collected from land purchased contracts in the Czech Republic. Regression model was used to identify determinants explaining variability of market prices between 2008 and 2009. It was found out that type of plantation, region, type of buyers, plot size, distance to regional city or number of parcels play significant role. These factors explain more than a half of variance in land price. Quality of land that was expressed through administrative price has significant effect on market price. Yet, such effect became less import in regions nearby cities (e.g. Prague and Olomouc), where the market land price is significantly influenced by the distance to the district city. Land reform, however has...
Tipo: Article Palavras-chave: Land; Market price; Administrative price; Regression model; Region.; Land Economics/Use; GA; IN.
Ano: 2011 URL: http://purl.umn.edu/120242
Registros recuperados: 10
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