The cooperative industries of the poultry farm sector in Greece (2001-2020)
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- Abstract
The cooperative idea is not only an economic and social necessity, but also a necessary and sufficient condition in the direction of exploiting the comparative advantages that the country has in the production of quality agricultural products. Agricultural cooperatives
emerge as a distinct organizational model of entrepreneurship (Brandano et al. 2018). They are the vehicle for the agricultural sector to claim a better position in international competition. The purpose of this article is to demonstrate, on the one hand, from the literature review, the importance of agricultural cooperatives in local development, and
more broadly in a sustainable form of economic development, and, on the other hand, through empirical research in the financial statements of the cooperatives of the poultry sector in Greece, to reflect their overall efficiency ROA, gross profit margin ratio, to compare them with industries in the sector and to investigate the contribution, through the multiple regression model estimation, of the factors: assets, long-term liabilities and equity capitals in turnover. The results show that two of the three cooperatives show equal or better gross profit margin performance than companies in the sector for the years 2013-2020, while the ROA efficiency of one poultry cooperative significantly exceeds the average of
companies in the sector for the years 2010-2020 and of the other for the years 2016-2020, respectively. At the same time, a statistically significant correlation emerged between the independent asset variables and long-term liabilities in turnover. - Key words: Agricultural cooperatives, efficiency ROA, gross profit margin, local
economic development, sustainability. - JEL Classification: C24, O13, P13, Q13, Q14
- Abstract
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