Evaluation of Effects of Investment Support in the Czech Dairy Industry

Zdeňka Náglová, Jindřich Špička and Martin Gürtler
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Zdeňka Náglová: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 21, Prague 6, Czech Republic
Jindřich Špička: Department of Strategy, Faculty of Business Administration, University of Economics, Prague, nám. W. Churchilla 4, 130 67, Prague 3, Czech Republic
Martin Gürtler: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 21, Prague 6, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2016, vol. 64, issue 4, 1345-1351

Abstract: 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.

Keywords: dairy industry; investment grants; Rural Development Programme; National subsidies; economy of business; efficiency; fixed effect model (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2016064041345

DOI: 10.11118/actaun201664041345

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