Agricultural Economics, 2020 (vol. 66), issue 11
European benchmarking of determinants of profitability for companies with accrual accounting in the agricultural sectorOriginal Paper
Dirk Beyer, Jana Hinke
Agric. Econ. - Czech, 2020, 66(11):477-488 | DOI: 10.17221/128/2020-AGRICECON 
In this study, differences in common measures of profitability, such as return on sales, return on capital employed and return on equity, are analysed in agricultural firms with accrual accounting in 10 European countries. The resulting differences in profitability are broken down using an additive decomposition method, which addresses the quantified impact of several affecting factors. This approach is based on a ratio system, which follows the principles of the DuPont identity. According to the general intention of benchmarking, the leading country within the sample for each measure of profitability provides the relevant reference point, representing...
Circular economy and corporate social responsibility in the agricultural system: Cases study of the Italian agri-food industryOriginal Paper
Simona Fortunati, Donato Morea, Enrico Maria Mosconi
Agric. Econ. - Czech, 2020, 66(11):489-498 | DOI: 10.17221/343/2020-AGRICECON
The persistent exploitation of natural resources and the consequent use of consumption are driving global food demand with the result that agricultural activity is becoming less and less environmentally friendly. The circular economy (CE) can become a valid alternative, inserting the economic-agricultural system into the harmonic process of material circulation. The corporate social responsibility (CSR) model is particularly interesting not only because of the ethical dimension of the company but also as a factor of strategic business improvement that combines the concepts of CSR and CE as possible solutions for developing sustainable business processes....
Asymmetric price transmission in the distribution channels of pork: Focusing on the effect of policy regulation of Sunday sales by hypermarkets in Korea.Original Paper
Heesun Lim, Byeong-Il Ahn
Agric. Econ. - Czech, 2020, 66(11):499-509 | DOI: 10.17221/254/2020-AGRICECON
In this paper, we investigate whether there exists market inefficiency in the distribution channel of pork by estimating a developed partial adjustment model that captures the asymmetric price transmission from wholesale to retail prices. The estimation results show that market efficiency exists for the wholesale and two types of retail markets in the distributional channel of pork in Korea. The government's regulation on Sunday sales by hypermarkets plays a significant role in increasing market efficiency, forcing more competition among hypermarkets, and changing the structure of asymmetric price transmission from wholesale to traditional market prices....
Decoupling of carbon emissions from agricultural land utilisation from economic growth in ChinaCase Study
Min Zhou, Bixia Hu
Agric. Econ. - Czech, 2020, 66(11):510-518 | DOI: 10.17221/290/2020-AGRICECON
China, as a populous and agricultural country, is confronted with a tremendous challenge involving the balance between agricultural economic growth and carbon emissions from agricultural land utilisation (CEALU). This study calculates the total CEALU in the 31 provinces of mainland China and uses the Tapio model to analyse the decoupling of CEALU from economic growth during the period 2000-2017. The results are shown as follows: (i) The CEALU in China has substantially increased, and there are obvious spatial discrepancies in CEALU from the regional and provincial perspectives. (ii) The decoupling of CEALU from economic growth at the national level...