Resilience of the agricultural organizations and the factors and integration processes influencing it (on the data of northwest of russia)

Issue № 4, 2018, article № 1, pages 4-19

Section: Managing forms in market economy

Language: Russian

Original language title: ВОССТАНАВЛИВАЕМОСТЬ СЕЛЬСКОХОЗЯЙСТВЕННЫХ ОРГАНИЗАЦИЙ И ВЛИЯНИЕ НА НЕЕ РАЗЛИЧНЫХ ФАКТОРОВ И ИНТЕГРАЦИОННЫХ ПРОЦЕССОВ (ПО ДАННЫМ СЕВЕРО-ЗАПАДА РОССИИ)

Keywords: RESILIENCE OF ENTERPRISES AFTER SHOCKS, AN ECONOMIC SHOCK, FINANCIAL CRISIS, SALES GROWTH, AGRO HOLDINGS, RUSSIA

Abstract: Agricultural enterprises around the world are often subject to many external shocks and crises - natural, climatic, economic and social. Thus, the resilience of enterprises to such shocks and their resilience are crucial to food security. This study examines the question of the resilience of agricultural enterprises in the North-West of Russia in relation to economic shocks. Its main objective is to analyze the organizational and financial factors that help agricultural enterprises cope with the effects of external economic shocks, such as the 2008 economic crisis. Using accounting data of 750-1200 agricultural enterprises for the 12-year period (2001-2012), we investigate the impact of certain factors on the recovery of growth, primarily in the form of recovery of post-crisis sales. Empirical results indicate that the size of the enterprise, its profitability significantly and positively affect the resilience of the enterprises economy. Territorial affiliation and organizational and legal forms also affect it. Integration into an agroholding accelerates the recovery of production and reduces the impact of the economic shock. Some directions of enterprises resilience increase are proposed.

Authors: Epshtein David Berkovich, Kurtiss IArmila , Gagaliuk Taras , Unai Geilkhard Ilkai