Last modified: 2017-03-13
Differences in the Performance of the Dairy Industries within the Visegrad Group Countries
The paper investigates the performance of firms in the dairy industry operating within the Visegrad group countries over the time period of years 2005-2014 based on the microdata obtained from the Amadeus database. Firms’ return on assets indicator (ROA) was used to evaluate the economic performance of firms in the dairy industries. On the basis of the results, it may be stated that there are similarities as well as differences in the average economic performance of dairy processing enterprises among the Czech Republic, Poland, Slovakia and Hungary. However, some of the characteristics are typical for the countries under review. The average level of economic performance of the enterprises of the dairy industry is relatively low in the Czech Republic, but its level and dynamic in the recent years are still better in comparison to the average economic performance of the enterprises of the dairy industry in Slovakia, Poland and Hungary. The dairy processing firms in Slovakia and Hungary have very similar level and dynamic of the average economic performance. There is a noticeable positive trend in the values of average economic performance in Czech Republic, Slovakia and Hungary in the second half of the observed period. In the first half of the observed period, enterprises of the dairy industry in the Poland have higher value of the average level of economic performance in comparison to those in the Czech Republic, Slovakia and Hungary, however, the average level of economic performance of enterprises in Poland is declining.
Dairy sector; Performance of firms; Visegrad group countries
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