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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2022-06-12  |  Accepted: 2022-09-04  |  Published: 2022-09-30

Title

Production function in agriculture in the Czech Republic


Abstract

Correct setting of value drivers of agricultural companies plays an important role, as every company strives for maximizing its profit. The goal of the paper was to determine the dependence of profit on production factors and to identify important production factors. Variables verified as value drivers were land, material, personnel costs, and depreciation of fixed tangible and intangible assets. The selected method of data processing is multiple regression analysis. The data were represented using a normal probability plot of residuals and a distribution histogram. The results show that 51.44 % of significant variables are material, personnel costs and depreciation of fixed tangible and intangible assets. The findings also imply that multiple regression analysis is a suitable statistical method. In conclusion, it can be stated that material, personnel costs, and depreciation of fixed tangible and intangible assets are important value drivers.


Keywords

agricultural companies, value drivers, profit, multiple regression analysis, production function


JEL classifications

D24 , Q12


URI

http://jssidoi.org/jesi/article/1006


DOI


Pages

453-466


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Burghauserová, Monika
Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic https://www.vstecb.cz
Articles by this author in: CrossRef |  Google Scholar

Rowland, Zuzana
Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic https://www.vstecb.cz
Articles by this author in: CrossRef |  Google Scholar

Novotná, Lenka
Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic https://www.vstecb.cz
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

1


Issue date

September 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1150  |  PDF downloads: 528

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