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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Marek Cierpiał-Wolan & Jolanta Stec-Rusiecka & Dariusz Twaróg & Katarzyna Bilińska & Anna Dewalska-Opitek & Bogdan Wierzbiński, 2022. "Relationship between Renewable Biogas Energy Sources and Financial Health of Food Business Operators," Energies, MDPI, vol. 15(16), pages 1-13, August.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:16:p:5797-:d:884600
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    References listed on IDEAS

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