Analyse the financing structure of agricultural enterprises in 2002–2006

Abstract

<jats:p>The capital structure of agricultural enterprises notable modified since the change in Hungary’s economic system. The study discusses the capital structure of agricultural enterprises in Hungary and analyses the most significant indicators, that we can use to describe the financing situation of the firms. My empirical analysis is based on data containing 192 agricultural enterprises between 2002 and 2006. I try to assess the reasons of the changes in the structure of resources of enterprises in order to find the determinants effecting the capital structure. Furthermore, I assess the index numbers illustrating the management of the enterprises.</jats:p>

Growth and venture capital investment potential for university spin-offs in Hungary

“…The changes in financial situation concerned the parameters illustrating the management of the enterprises, influenced the competitiveness, profitability, effectiveness, etc. (Herczeg, 2009, FenyvesTarnóczi, 2011, Orbán, 2003.…”

Diversity of Farm Indebtedness in Latvia and Poland: a Comparative Study

“…Researchers [Herczeg 2009] mention the lack of capital and low level of capital accumulation in agricultural holdings as main reasons for increased need for external financial resources. Erohin [2007] is of the same opinion, putting the accent on an important role of long-term loans in the implementation of new production technologies, a replacement of agricultural machinery, an UAA fertility increase.…”

“…A conclusion can be made that in Poland, unlike in Latvia, the growth of liabilities was just a little ahead of agricultural holdings economic size growth. The use of UAA is quite widespread in economic analysis for comparing not only the economic performance of farms in different countries in general [Simon 2002], but also for a calculation of total assets, equity and the burden of total, long-term and shot-term liabilities per UAA 1 ha [Herczeg 2009A].…”