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Assessment of the Financial Efficiency of Enterprises in the Agricultural Sector in Bulgaria

Author

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  • Damyan Kirechev

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

The paper analyses the changes in the efficiency and returns to investment in agricultural assets at the sectoral level in Bulgaria after 2007. The methodology incorporates data from the Farm Accounting and Data Network (FADN) at EU level. It assesses key indicators characterizing changes in income, returns and financial position of the agricultural sector in Bulgaria, and analyses the determinants of farm efficiency.

Suggested Citation

  • Damyan Kirechev, 2021. "Assessment of the Financial Efficiency of Enterprises in the Agricultural Sector in Bulgaria," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 10(3), pages 202-212, December.
    • Handle: RePEc:vra:journl:v:10:y:2021:i:3:p:202-212
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2021.10.3/202-212.pdf
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    References listed on IDEAS

    as
    1. Tanya Georgieva, 2020. "Direct Payments as a Risk Management Tool in Bulgarian Agriculture," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 9(2), pages 160-168, August.
    2. Robert Finger & Nadja El Benni, 2021. "Farm income in European agriculture: new perspectives on measurement and implications for policy evaluation," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(2), pages 253-265.
    3. Kulawik, Jacek, 2010. "Financial Efficiency in Agriculture: the Essence, Measurement and Perspectives," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 205137, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    4. Adele Coppola & Alfonso Scardera & Mario Amato & Fabio Verneau, 2020. "Income Levels and Farm Economic Viability in Italian Farms: An Analysis of FADN Data," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
    5. Chavas, Jean-Paul & Aliber, Michael, 1993. "An Analysis Of Economic Efficiency In Agriculture: A Nonparametric Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-16, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agricultural income; gross output; subsidies; financial efficiency; farm efficiency;
    All these keywords.

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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