The efficiency of the economic mechanism of interaction of dairy market participants and the functioning of dairy processing enterprises

Anatolii Zainchkovskyi and Mykhailo Kryvun

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2021, vol. 28, issue 10

Abstract: In the current conditions, the production of dairy products occupies a leading place in the agroindustrial complex of Ukraine. Ukraine has a high economic, climatic and labour potential for the development of the dairy industry. The purpose of the study – a comprehensive analysis of the efficiency of the economic mechanism of relations between the participants of the dairy market, and indicators of the functioning of dairy processing enterprises with the justification of the areas of its improvement. In the course of the study, several methods were used: abstract-logical – for developing conclusions; comparative analysis – for comparing the performance indicators of dairy processing enterprises and identifying trends in their changes; tabular – for visualising the results of the study; coordinate matrix – in determining the aggregate integral indicator of the efficiency of dairy processing enterprises; calculation and constructive – to calculate indicators of economic efficiency, liquidity and solvency, financial stability and business activity of enterprises; monographic – in detailing current trends in the functioning of dairy processing enterprises; factor analysis – to determine the factors influencing the net financial result of enterprises. The modern transformations occurring in the market of milk and dairy products in Ukraine are considered, and the scale of the decrease in supply and demand indicators is established. The current state of the raw material base of milk processing enterprises of Ukraine (dynamics of purchase prices for milk, quality monitoring, a retrospective of milk purchases by dairies) is analysed. The efficiency of functioning of milk processing enterprises of the group of companies “Milk Alliance” was monitored. The element structuring of analysis of the efficiency of functioning of milk processing enterprises is proposed and tested. The aggregate integrated indicator of the efficiency of milk processing enterprises is calculated based on the structuring of a set of priority indicators of economic efficiency, liquidity and solvency, financial stability and business activity. The main areas of improving the efficiency of milk processing enterprises are proposed. Methodological and practical aspects of a comprehensive study of the efficiency of the economic mechanism of functioning of milk processing enterprises of Ukraine and substantiation of areas for its improvement were further developed. The identified approaches and results of the study can be used by state and sectoral authorities in the organisation of monitoring and development of priority measures to improve the efficiency of domestic dairy enterprises

Keywords: Dairy; Production/Industries (search for similar items in EconPapers)
Date: 2021
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