Last modified: 2015-04-16
Investment Activity and Labour Productivity of Small and Medium-sized Enterprises in the Food Industry
The paper dealt with the link between the growth of fixed assets and labour productivity in small and medium-sized enterprises in the food industry The analysis was focused on 423 enterprises classified according to the European Commission as micro, small and medium enterprises. It was found that enterprises with long-term growth of fixed assets are characteristic by good profitability (ROA, ROE). The growth of fixed assets in these enterprises is financed from own resources. On the other hand, enterprises with decreasing size of the fixed assets are characteristic by lower profitability. Correlation analysis did not prove linear link between the change in fixed assets and changes in labour productivity in any of group of enterprises. On the contrary, correlation analysis have proved positive link between the change in capital-labour ratio and growth in the amount of fixed capital. Conclusion is that change of fixed assets has positive affect on capital labour ratio bud this positive effect not significant effect on labour productivity in enterprises.
Investment; Labour productivity; SME; Food industry
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