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Multi-Dimensional Framework for Assessing Farm Competitiveness in Bulgaria with Legal Structures

Author

Listed:
  • Kargi Bilal

    (Assoc. Prof. Dr., Ankara Yıldırım Beyazıt University, Faculty of Applied Sciences, Department of Banking and Finance, Yeşilova Mah. E-90 Karayolu Üzeri No: 50/A 06650, Şereflikoçhisar, Ankara, Turkey)

  • Bachev Hrabrin

    (Prof. Dr., Institute of Agricultural Economics, Agricultural Academy, Geo Milev, Boulevard „Tsarigradsko shose” 125, бл. 1, 1113 Sofia, Bulgaria)

Abstract

This study challenges traditional economic models of farm competitiveness by highlighting the under-examined role of legal structures. It argues that a farm’s governing structure significantly impacts its ability to thrive in the market. The authors propose a novel framework for assessing farm competitiveness that encompasses three key dimensions: economic efficiency, financial health, and governance effectiveness. This framework is then applied to evaluate various agricultural governing structures in Bulgaria. A multi-layered evaluation system with four pillars is employed to assess competitiveness across these structures. The research reveals a generally positive competitiveness landscape for Bulgarian agriculture, with cooperatives demonstrating the highest level of competitiveness. However, some critical areas for improvement are identified, including low productivity, income, financial security, and adaptation to environmental challenges. The study also finds that a significant portion of Bulgarian farms struggle with low competitiveness. The research emphasizes the need for targeted interventions to address these weaknesses, including public support and improved management practices. Additionally, it highlights the importance of restructuring struggling farms and implementing better management approaches. Furthermore, the study underscores the crucial role of government support in preventing farm closures. Finally, the research reveals that farm size, specialization, market focus, and ecological location all play a role in competitiveness, but the significance of these factors varies depending on the specific governing structure employed.

Suggested Citation

  • Kargi Bilal & Bachev Hrabrin, 2024. "Multi-Dimensional Framework for Assessing Farm Competitiveness in Bulgaria with Legal Structures," Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economics, Sciendo, vol. 381(4), pages 50-78.
  • Handle: RePEc:vrs:zerpae:v:381:y:2024:i:4:p:50-78:n:1003
    DOI: 10.30858/zer/194140
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    References listed on IDEAS

    as
    1. Hrabrin Bachev, 2011. "Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 89-103, June.
    2. Bachev, Hrabrin, 2010. "Governance of agrarian sustainability," MPRA Paper 99867, University Library of Munich, Germany.
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    More about this item

    Keywords

    competitiveness economics; financial and governance pillars; governance structures; Bulgarian farming.;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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