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Anti-Crisis Financial and Personnel Management as Key Factors to Provide Effective Development of Eastern European Enterprises in the Agricultural Sector

Maxim V. Khatser, Yuliia A. Perehuda, Tatiana M. Korpaniuk, Khrystyna S. Stoliaruk, Irina M. Yepifanova and Oleksandr O. Shpynkovskyi

International Journal of Economics & Business Administration (IJEBA), 2020, vol. VIII, issue Special 1, 166-177

Abstract: Purpose: The main aim of this research is the development of ways to enhance the efficiency and performance of anti-crisis financial and personnel management at Eastern European agricultural enterprises based on the assessment of the role of such management types and the determination of a set of problems from their implementation. Design/Methodology/Approach: The study has used quantitative analysis, the method of forecasting time series based on the implementation of the regression function, as well as panel data to both estimate anti-crisis financial and personnel management in the agricultural sector of Eastern European countries and find problems in its application. Findings: The study has proved the increase of the role of the agricultural sector in economies of Eastern European countries as well as a significant negative impact of unprofitable agricultural enterprises on it. Besides, the implementation of anti-crisis financial and personnel management in such enterprises and its key problems have been assessed. Practical Implications: The study is important in terms of decreasing a share of unprofitable agricultural enterprises and accelerating the development of the agricultural sector in Eastern European Post-Soviet economies. Originality/Value: The study has developed a set of ways to increase the efficiency and performance of the implementation and application of anti-crisis financial and personnel management in the agricultural sector of Eastern European countries.

Keywords: Agricultural enterprises; agricultural sector of economy; anti-crisis personnel management; anti-crisis financial management; Eastern European countries. (search for similar items in EconPapers)
JEL-codes: Q10 M11 M12 (search for similar items in EconPapers)
Date: 2020
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