Evaluation of Effects of Investment Support in the Czech Dairy Industry

The article deals with investment subsidies which were drawn by enterprises of the dairy industry in 2007–2013. It is a subsidy within the Rural Development Programme 2007–2013 and the National subsidies. This article aims to assess whether these subsidies have contributed to higher economic efficie...

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Main Authors: Zdeňka Náglová, Jindřich Špička, Martin Gürtler
Format: Article
Language:English
Published: Mendel University Press 2016-01-01
Series:Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
Subjects:
Online Access:https://acta.mendelu.cz/64/4/1345/
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author Zdeňka Náglová
Jindřich Špička
Martin Gürtler
author_facet Zdeňka Náglová
Jindřich Špička
Martin Gürtler
author_sort Zdeňka Náglová
collection DOAJ
description The article deals with investment subsidies which were drawn by enterprises of the dairy industry in 2007–2013. It is a subsidy within the Rural Development Programme 2007–2013 and the National subsidies. This article aims to assess whether these subsidies have contributed to higher economic efficiency of enterprises. The impact of investment grants to economic indicators (sales, debt ratio, labour productivity and production consumption) is evaluated. 35 dairy enterprises that drew investment grants, were analyzed in total. According to the results, grants from national sources have a greater impact on the economy of businesses. National subsidies improve labour productivity, sales and production consumption. Impacts of subsidies drawn from the Rural Development Programme are less noticeable. These subsidies affect only the production consumption by its decreasing. The market situation in 2008 and 2009 also influenced the rated indicators.
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spelling doaj.art-7ae3a52e531c4bd59f488d2f5cf798672022-12-21T23:51:26ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102016-01-016441345135110.11118/actaun201664041345Evaluation of Effects of Investment Support in the Czech Dairy IndustryZdeňka Náglová0Jindřich Špička1Martin Gürtler2Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 21, Prague 6, Czech RepublicDepartment of Strategy, Faculty of Business Administration, University of Economics, Prague, nám. W. Churchilla 4, 130 67, Prague 3, Czech RepublicDepartment of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 21, Prague 6, Czech RepublicThe article deals with investment subsidies which were drawn by enterprises of the dairy industry in 2007–2013. It is a subsidy within the Rural Development Programme 2007–2013 and the National subsidies. This article aims to assess whether these subsidies have contributed to higher economic efficiency of enterprises. The impact of investment grants to economic indicators (sales, debt ratio, labour productivity and production consumption) is evaluated. 35 dairy enterprises that drew investment grants, were analyzed in total. According to the results, grants from national sources have a greater impact on the economy of businesses. National subsidies improve labour productivity, sales and production consumption. Impacts of subsidies drawn from the Rural Development Programme are less noticeable. These subsidies affect only the production consumption by its decreasing. The market situation in 2008 and 2009 also influenced the rated indicators.https://acta.mendelu.cz/64/4/1345/dairy industryinvestment grantsRural Development ProgrammeNational subsidieseconomy of businessefficiency
spellingShingle Zdeňka Náglová
Jindřich Špička
Martin Gürtler
Evaluation of Effects of Investment Support in the Czech Dairy Industry
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
dairy industry
investment grants
Rural Development Programme
National subsidies
economy of business
efficiency
title Evaluation of Effects of Investment Support in the Czech Dairy Industry
title_full Evaluation of Effects of Investment Support in the Czech Dairy Industry
title_fullStr Evaluation of Effects of Investment Support in the Czech Dairy Industry
title_full_unstemmed Evaluation of Effects of Investment Support in the Czech Dairy Industry
title_short Evaluation of Effects of Investment Support in the Czech Dairy Industry
title_sort evaluation of effects of investment support in the czech dairy industry
topic dairy industry
investment grants
Rural Development Programme
National subsidies
economy of business
efficiency
url https://acta.mendelu.cz/64/4/1345/
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AT jindrichspicka evaluationofeffectsofinvestmentsupportintheczechdairyindustry
AT martingurtler evaluationofeffectsofinvestmentsupportintheczechdairyindustry