IDEAS home Printed from https://ideas.repec.org/a/vrs/mtrbid/v43y2021i1p5-12n2.html
   My bibliography  Save this article

Influence of Insurance on Competitiveness of Food Enterprises in Ukraine

Author

Listed:
  • Shirinyan Lada

    (Ph.D. in Economics, Doctor of Economic Sciences, Professor, Head of the Department of Finance, National University of Food Technologies, 68 Volodymyrska str., Kyiv, Ukraine; tel. №: +38-097-297-79-63)

  • Arych Mykhailo

    (Ph.D. in Economics, Associate Professor, National University of Food Technologies, Kyiv, Ukraine)

  • Rohanova Hanna

    (Ph.D. in Economics, Associate Professor, National University of Food Technologies, Kyiv, Ukraine)

Abstract

Food industry enterprises (FIEs) are important players in the agricultural sector and use insurance as the tool to protect the business. The actual issue is determining the influence of insurance. The paper is devoted to the analysis of the influence of insurance on key indicators of the activity of FIEs from the viewpoint of use of insurance by the insurance market participants. The investigation methodology is based on the concept of ‘competitiveness’ of an enterprise explaining the ability to operate profitably and meet the competition. The aim of the work is to analyze the relationship between insurance costs and indicators of efficiency and competitiveness of Ukraine’s FIEs. Hypotheses concerning the propensity of FIEs with higher competitiveness to use insurance and influence of insurance on key indicators of FIEs activity have been formulated and tested. Economic-statistical analysis and correlation-regression analysis have been performed due to Microsoft Office 2013 software packages. The hypothesis about the existence of dependence between the competitiveness of FIEs and the portion of money allocated by FIEs for insurance is confirmed only for FIEs with high efficiency of business activity.

Suggested Citation

  • Shirinyan Lada & Arych Mykhailo & Rohanova Hanna, 2021. "Influence of Insurance on Competitiveness of Food Enterprises in Ukraine," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 43(1), pages 5-12, March.
    • Handle: RePEc:vrs:mtrbid:v:43:y:2021:i:1:p:5-12:n:2
    DOI: 10.15544/mts.2021.01
    as

    Download full text from publisher

    File URL: https://doi.org/10.15544/mts.2021.01
    Download Restriction: no
    File URL: https://libkey.io/10.15544/mts.2021.01?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Akinrinola Olumide O. & Okunola Akinbode M., 2014. "Evaluation of effects of agricultural insurance scheme on agricultural production in Ondo State," Russian Journal of Agricultural and Socio-Economic Sciences, CyberLeninka;Редакция журнала Russian Journal of Agricultural and Socio-Economic Sciences, vol. 28(4), pages 3-8.
    2. Akinrinola, Olumide Oyewole & Okunola, Akinbode Michael, 2014. "Effects of Agricultural Insurance Scheme on Agricultural Production in Ondo State," MPRA Paper 74558, University Library of Munich, Germany.
    3. Anna Zubor-Nemes & József Fogarasi & András Molnár & Gábor Kemény, 2018. "Farmers’ responses to the changes in Hungarian agricultural insurance system," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 78(2), pages 275-288, March.
    4. Anna Lorant & Maria Fekete Farkas, 2015. "Risk Management In The Agricultural Sector With Special Attention To Insurance," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 71-82, June.
    5. Lajos Baráth & Raushan Bokusheva & Imre Fertő, 2017. "Demand for Farm Insurance Under Financial Constraints," Eastern European Economics, Taylor & Francis Journals, vol. 55(4), pages 357-376, July.
    6. Yuan feng Zhao & Zhihui Chai & Michael S Delgado & Paul V Preckel, 2016. "An empirical analysis of the effect of crop insurance on farmers’ income: results from Inner Mongolia in China," China Agricultural Economic Review, Emerald Group Publishing, vol. 8(2), pages 299-313, May.
    7. Yuan feng Zhao & Zhihui Chai & Michael S Delgado & Paul V Preckel & Xian Xin & Xiuqing Wang, 2016. "An empirical analysis of the effect of crop insurance on farmers’ income: results from Inner Mongolia in China," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 8(2), pages 1-1, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rizky Yanuarti & Joni Murti Mulyo Aji & Mohammad Rondhi, 2019. "Risk aversion level influence on farmer's decision to participate in crop insurance: A review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(10), pages 481-489.
    2. Emmanuel Owusu Oppong & Baorong Yu & Bruvine Orchidée Mazonga Mfoutou, 2024. "The effect of microinsurance on the financial resilience of low-income households in Ghana: evidence from a propensity score matching analysis," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(3), pages 474-500, July.
    3. Sofia Kislingerová & Jindřich Špička, 2022. "Factors Influencing the Take-Up of Agricultural Insurance and the Entry into the Mutual Fund: A Case Study of the Czech Republic," JRFM, MDPI, vol. 15(8), pages 1-17, August.
    4. Okunola, Akinbode Michael, 2017. "Capital investment : lubricant of the engine of production process in agricultural sector – evidence from Nigeria," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 3(4), December.
    5. Birthal, Pratap S. & Hazrana, Jaweriah & Negi, Digvijay S. & Mishra, Ashok K., 2022. "Assessing benefits of crop insurance vis-a-vis irrigation in Indian agriculture," Food Policy, Elsevier, vol. 112(C).
    6. Richard KOENIG & Marielle BRUNETTE, 2023. "Subjective barriers and determinants to crop insurance adoption," Working Papers of BETA 2023-25, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    7. Hu, Yuan & Kuhn, Lena & Zeng, Weizhong & Glauben, Thomas, 2023. "Who benefits from payments for ecosystem services? Policy lessons from a forest carbon sink program in China," Ecological Economics, Elsevier, vol. 214(C).
    8. Donatella Porrini & Giulio Fusco & Pier Paolo Miglietta, 2019. "Post-Adversities Recovery and Profitability: The Case of Italian Farmers," IJERPH, MDPI, vol. 16(17), pages 1-12, September.
    9. Geoffroy Enjolras & Magali Aubert, 2018. "Does crop insurance lead to better environmental practices? Evidence from French farms," Post-Print hal-02048349, HAL.
    10. Yingmei Tang & Huifang Cai & Rongmao Liu, 2022. "Will marketing strategies affect farmers’ preferences and willingness to pay for catastrophe insurance? Evidence from a choice experiment in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1376-1389, January.
    11. Luigi Biagini & Simone Severini, 2022. "Can Machine Learning discover the determining factors in participation in insurance schemes? A comparative analysis," Papers 2212.03092, arXiv.org, revised Dec 2022.
    12. Geoffroy Enjolras & Magali Aubert, 2020. "How does crop insurance influence pesticide use? Evidence from French farms," Review of Agricultural, Food and Environmental Studies, Springer, vol. 101(4), pages 461-485, December.
    13. Lysenko, Veronika, 2017. "Корпоративна Стратегія Управління Ризиками В Агробізнесі," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 3(4), December.
    14. Shaolong Zeng & Bingying Qi & Minglin Wang, 2022. "Agricultural Insurance and Agricultural Economic Growth: The Case of Zhejiang Province in China," IJERPH, MDPI, vol. 19(20), pages 1-21, October.
    15. Fabio G., Santeramo & Ilaria, Russo & Emilia, Lamonaca, 2022. "Italian subsidised crop insurance: what the role of policy changes," MPRA Paper 115299, University Library of Munich, Germany.
    16. Codruţa Mare & Daniela Manaţe & Gabriela-Mihaela Mureşan & Simona Laura Dragoş & Cristian Mihai Dragoş & Alexandra-Anca Purcel, 2022. "Machine Learning Models for Predicting Romanian Farmers’ Purchase of Crop Insurance," Mathematics, MDPI, vol. 10(19), pages 1-13, October.
    17. Natalia Trusova & Natalia Zakharova & Andrii Lysenko & Inna Kohut, 2022. "Risk-orientated management in the sustainable economic system of united agricultural enterprises," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2), pages 347-372.

    More about this item

    Keywords

    insurance; competitiveness; food industry; assets; equity; sales; costs;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • 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
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:mtrbid:v:43:y:2021:i:1:p:5-12:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.