Quantitative Research on Profitability Measures in the Polish Meat and Poultry Industries

Agronomy

Anna Zielińska-Chmielewska¹  Jerzy Kaźmierczyk²  Ireneusz Jaźwiński³ 

[1] Department of Business Activity and Economic Policy, Institute of Economics, Poznan University of Economics and Business, Al. Niepodległości 10, 61-875 Poznań, Poland;Department of Education and Personnel Development, Institute of Socio-Economics, Poznan University of Economics and Business, Al. Niepodległości 10, 61-875 Poznań, Poland;Institute of Spatial Economy and Socio-Economic Geography, Faculty of Economics, Finance and Management, University of Szczecin, ul. Mickiewicza 64, 71-101 Szczecin, Poland;

关键词: financial efficiency;    profitability;    panel data modeling;    meat and poultry industries;    Poland;   

DOI  :  10.3390/agronomy12010092

来源: DOAJ

【 摘 要 】

Business entities strive for continuous adaptation to changing situations and needs. The decisions of business entities entangled in multifaceted processes of economic, social, and environmental progress must be taken on the basis of reliable knowledge, developed know-how, scrupulous recognition of the initial state, and foresight of the multiple consequences of business actions over a long horizon. In such a situation, the measurement of financial efficiency in terms of the profitability of enterprises in meat and poultry industries is extremely desired and provides valuable information on the necessary modifications to reduce the potential risks of business operation. The Polish meat and poultry industries should take into account current and future market requirements, competition, and consumer response. The dynamic progress of technology is forced to take appropriate steps to improve and modernize products, services, and methods of solving profit losses. The aim of the paper is to calculate and evaluate the statistical relationships between profitability ratios in Polish meat and poultry enterprises divided into four groups: slaughterhouses, meat enterprises (small, medium, and large), poultry meat enterprises, and meat trade enterprises. In the theoretical part of the study, methods of descriptive, comparative, deductive, and synthetic analyses were used. In the practical part of the study, panel data from the entire meat and poultry industries in the period from 2010 to 2019 were used. For the measurement of financial efficiency, methods, such as financial indicator analysis, panel database modeling, and nonparametric ANOVA, were applied. The ANOVA method was used to test only the statistically significant relationships between profitability ratios across all groups of examined enterprises in the meat and poultry industries. To summarize, the optimal level of profitability was achieved by all groups of examined enterprises, except small meat enterprises. The highest financial efficiency in the area of profitability was reached by poultry enterprises. Moreover, financial support for small companies in the meat industry can bring tangible benefits such as maintaining a diversified product range locally and transforming small meat companies into buying centers for the local community. Both are effective solutions, especially in view of the post-pandemic situation.

【 授权许可】

Unknown