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Development of the financial situation of Hungarian food industry enterprises – changes between 2017 and 2021

Author

Listed:
  • Hegyi Judit

    (Széchenyi István University, Hungary)

  • Troján Szabolcs

    (Széchenyi István University, Hungary)

  • Kacz Károly

    (Széchenyi István University, Hungary)

  • Varga Anita Miklósné

    (Széchenyi István University, Hungary)

Abstract

Subject and purpose of work: The aim of the study is to analyse how the main financial data of d ouble-entry b ookkeeping f ood p rocessing e nterprises r eflect t he e ffects o f t he i ndicated economic environment. Materials and methods: The evaluation was fundamentally based on ratios calculated on the basis of the statement of financial position and the income statement as well as trend analysis and financial indicators. Results: The number of Hungarian food processing enterprises has been gradually decreasing over the period under review. Both turnover and expenditure show linear growth at current prices, with increases in the various result categories. The asset structure is stable, and profitability is improving. Conclusions: The number of companies and the employment in the sector have been steadily declining in recent years, while efficiency is increasing. The increase in profits in the food industry is remarkable for all branches of the economy. The sector is adapting well to the negative effects of the changing economic environment.

Suggested Citation

  • Hegyi Judit & Troján Szabolcs & Kacz Károly & Varga Anita Miklósné, 2023. "Development of the financial situation of Hungarian food industry enterprises – changes between 2017 and 2021," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(3), pages 348-366, September.
    • Handle: RePEc:vrs:ecoreg:v:16:y:2023:i:3:p:348-366:n:5
    DOI: 10.2478/ers-2023-0022
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    References listed on IDEAS

    as
    1. Fenyves, Veronika & Pető, Károly & Harangi-Rákos, Mónika & Szenderák, János, 2019. "A Visegrádi országok gazdasági és pénzügyi helyzete," GAZDÁLKODÁS: Scientific Journal on Agricultural Economics, Karoly Robert University College, vol. 63(06), December.
    2. Baráth, Lajos & Nagy, Zsuzsanna & Szabo, Gabor G., 2010. "The correlation between the agricultural productivity and the export performance of the agro-food foreign trade in the Visegrád Group countries following accession to the European Union," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 112, pages 1-15, July.
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    More about this item

    Keywords

    food industry enterprises; statement of financial position; income statement; financial indicators; sectoral competitiveness; Hungary;
    All these keywords.

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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