HUMAN CAPITAL OF SMALL FORMS OF AGRICULTURAL PRODUCTION IN THE FORMATION OF THEIR TRANSACTION COSTS: AN INSTITUTIONAL ASPECT
Issue № 12, 2025, article № 14, pages 118-126
Section: Management and staffing
Language: Russian
Original language title: ЧЕЛОВЕЧЕСКИЙ КАПИТАЛ МАЛЫХ ФОРМ АГРАРНОГО ПРОИЗВОДСТВА В ФОРМИРОВАНИИ ИХ ТРАНСАКЦИОННЫХ ИЗДЕРЖЕК: ИНСТИТУЦИОНАЛЬНЫЙ АСПЕКТ
Keywords: HUMAN CAPITAL, SMALL FORMS OF AGRICULTURAL PRODUCTION, TRANSACTION COSTS, INSTITUTIONAL ENVIRONMENT, INSTITUTIONS-FUNCTIONS, INSTITUTIONS-ORGANIZATIONS, HIERARCHY ANALYSIS METHOD
Abstract: The basic prerequisite for the competitiveness and sustainability of small forms of agricultural production is their transaction costs, which actualizes the study of the factors that determine them. The research is aimed at developing a hierarchical model that makes it possible to quantify the impact of the human capital of small forms of agricultural production on their transaction costs through elements of the institutional environment. The hypothesis is tested that organizational institutions, as elements of the institutional environment, determine the development of human capital in small forms of agricultural production, while having a direct impact on institutional functions that determine the formation of their transaction costs. The author's approach consists in using the hierarchy analysis method, which includes constructing a hierarchical model, matrices of pairwise comparisons of elements of each hierarchy level, determining their local priority vectors, consistency levels, global priority vectors, and choosing the best alternative option under consideration. Logistics, contractual relations and cooperation, property, reputation, trust, information, competition, digitalization, corruption were selected as the institutions-functions that determine the formation of transaction costs of small forms of agricultural production.; institutions-organizations that form their human capital – educational institutions, professional associations and cooperatives, state and local authorities, scientific and research institutions, family and social networks, financial institutions, institutes of information and communication, healthcare systems, institutions of social protection. The theoretical contribution of the research consists in the further development of the theories of transaction costs and human capital in an institutional context, demonstrating the possibility of applying multicriteria analysis in the agricultural economy. The practical significance of the work lies in the possibility of using its results in the development of government programs and initiatives aimed at developing the agricultural sector, as well as the prospects for providing specific recommendations to small forms of agricultural production on the formation of their human capital to reduce transaction costs, which will increase their sustainability and competitiveness.
Authors: Kalchenko Sergei Vladimirovich, Gritsaenko Galina Ivanovna