Relationship between Renewable Biogas Energy Sources and Financial Health of Food Business Operators

Marek Cierpiał-Wolan, Jolanta Stec-Rusiecka, Dariusz Twaróg (), Katarzyna Bilińska, Anna Dewalska-Opitek and Bogdan Wierzbiński
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Marek Cierpiał-Wolan: Institute of Economics and Finance, University of Rzeszów, 35-601 Rzeszów, Poland
Jolanta Stec-Rusiecka: The Faculty of Management, Rzeszów University of Technology, 35-959 Rzeszów, Poland
Dariusz Twaróg: Department of Physics and Medical Engineering, Rzeszów University of Technology, 35-959 Rzeszów, Poland
Katarzyna Bilińska: Department of Marketing Management and Tourism, University of Economics in Katowice, 40-287 Katowice, Poland
Anna Dewalska-Opitek: Department of Organisational Relationship Management, University of Economics in Katowice, 40-287 Katowice, Poland
Bogdan Wierzbiński: Department of Marketing and Entrepreneurship, University of Rzeszów, 35-601 Rzeszów, Poland

Energies, 2022, vol. 15, issue 16, 1-13

Abstract: Biogas production within cooperatives and energy clusters that include both food businesses and biogas plants seems to be a good way to both improve financial health and increase energy self-sufficiency. The paper assesses the financial health of more than 2100 food businesses operating during the period of 2014–2020; the analysis was based on data from public statistics. The financial analysis carried out using the ROS (Return on Sale) indicator and the SI for the study (saving indicator) showed that the average SI/ROS increased by more than 2.78-fold over the study period. Moreover, for 185 powiats, the observed growth remained above average over a period of one to five years. The application of the Data Envelopment Analysis (DEA) method allowed the relative efficiency of biogas utilization to be calculated at the powiat level (former LAU level 1). It was found that the utilization of biogas potential within cooperatives and energy clusters grouping food businesses is most effective mainly for urban powiats.

Keywords: biogas; Data Envelopment Analysis (DEA); entrepreneurship; relationship (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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