Identifying differences in capital growth trajectories of agricultural enterprises in Russia

The great diversity of farms with regard to production, ownership and/or corporate structure and significant initial undercapitalization characteristic for post-socialist countries can be assumed to form conditions that allowed for diverse farm development strategies. The aim of this paper is to ide...

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Main Authors: Epstein, David, Curtiss, Jarmila
Format: Report
Language:unknown
Subjects:
Online Access:https://ageconsearch.umn.edu/record/245112/files/Epstein_Curtiss_149EAAE_Rennes.pdf
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author Epstein, David
Curtiss, Jarmila
author_facet Epstein, David
Curtiss, Jarmila
author_sort Epstein, David
collection RePEc (Research Papers in Economics)
description The great diversity of farms with regard to production, ownership and/or corporate structure and significant initial undercapitalization characteristic for post-socialist countries can be assumed to form conditions that allowed for diverse farm development strategies. The aim of this paper is to identify significantly different farm capital growth trajectories that characterize structural development of Russian agriculture. Special attention is paid to financial performance and strategies of agriholding farms. We apply a semi-parametric group-based trajectory modelling approach on the financial statement data of agricultural enterprises from northwest Russia from 2001 to 2012. We identified five groups of farms with significantly different growth trajectories. Most representative for the analyzed region are farms with continuous close to zero capital growth, while other (smaller) groups of farms display high fixed capital growth of various levels. Most farms incorporated into holding structures, predominantly very large farms, are found to display high financial performance and secure gradual growth. Agricultural and Food Policy
format Report
genre Northwest Russia
genre_facet Northwest Russia
id ftrepec:oai:RePEc:ags:eaa149:245112
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language unknown
op_collection_id ftrepec
op_relation https://ageconsearch.umn.edu/record/245112/files/Epstein_Curtiss_149EAAE_Rennes.pdf
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spelling ftrepec:oai:RePEc:ags:eaa149:245112 2025-01-16T23:57:20+00:00 Identifying differences in capital growth trajectories of agricultural enterprises in Russia Epstein, David Curtiss, Jarmila https://ageconsearch.umn.edu/record/245112/files/Epstein_Curtiss_149EAAE_Rennes.pdf unknown https://ageconsearch.umn.edu/record/245112/files/Epstein_Curtiss_149EAAE_Rennes.pdf preprint ftrepec 2024-03-19T10:38:55Z The great diversity of farms with regard to production, ownership and/or corporate structure and significant initial undercapitalization characteristic for post-socialist countries can be assumed to form conditions that allowed for diverse farm development strategies. The aim of this paper is to identify significantly different farm capital growth trajectories that characterize structural development of Russian agriculture. Special attention is paid to financial performance and strategies of agriholding farms. We apply a semi-parametric group-based trajectory modelling approach on the financial statement data of agricultural enterprises from northwest Russia from 2001 to 2012. We identified five groups of farms with significantly different growth trajectories. Most representative for the analyzed region are farms with continuous close to zero capital growth, while other (smaller) groups of farms display high fixed capital growth of various levels. Most farms incorporated into holding structures, predominantly very large farms, are found to display high financial performance and secure gradual growth. Agricultural and Food Policy Report Northwest Russia RePEc (Research Papers in Economics)
spellingShingle Epstein, David
Curtiss, Jarmila
Identifying differences in capital growth trajectories of agricultural enterprises in Russia
title Identifying differences in capital growth trajectories of agricultural enterprises in Russia
title_full Identifying differences in capital growth trajectories of agricultural enterprises in Russia
title_fullStr Identifying differences in capital growth trajectories of agricultural enterprises in Russia
title_full_unstemmed Identifying differences in capital growth trajectories of agricultural enterprises in Russia
title_short Identifying differences in capital growth trajectories of agricultural enterprises in Russia
title_sort identifying differences in capital growth trajectories of agricultural enterprises in russia
url https://ageconsearch.umn.edu/record/245112/files/Epstein_Curtiss_149EAAE_Rennes.pdf