Template-Type: ReDIF-Article 1.0 Author-Name: Hana BOHUSOVA Author-Workplace-Name: Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, Brno, Czech Republic Author-Name: Patrik SVOBODA Title: Will the amendments to the IAS 16 and IAS 41 influence the value of biological assets? Abstract: The aim of the paper is the evaluation of the impact of the new amendments to the IAS 16 and IAS 41 - Agriculture: Bearer Plants on the financial reporting in agriculture. The paper is based on the comparison of the current treatments for biological assets in a form of bearer plants measurement using the IFRS13 methodology and the treatments of the amendments to the IAS 16 and IAS 41. Statistical data regarding the selected bearer plant were used for the quantification. The orchard of fruit trees was considered as a suitable representative of bearer plants. As it is clear from the results of the research, the measurement at fair value using the DCF method is based on the estimation which requires a relatively large source of input data for this estimation over the useful life of bearer plants. On the other hand, the effect on the value of the assets could be controversial and the effect on the profit or loss during the useful life could be volatile. Although the objective of the fair value measurement is to achieve a true and fair view, in this case, the fulfilment of this objective is at least controversial, since the biological assets in the form of bearer plants cannot be separately traded. Keywords: agriculture, bearer assets, IAS 41, measurement of agricultural assets, plants Journal: Agricultural Economics Pages: 53-64 Volume: 63 Issue: 2 Year: 2017 DOI: 10.17221/314/2015-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/314/2015-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201702-0001.txt Handle: RePEc:caa:jnlage:v:63:y:2017:i:2:id:314-2015-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: LU Yung-Hsiang Author-Workplace-Name: National Chiayi University, Chiayi, Taiwan Author-Name: Shun-Ching WANG Author-Workplace-Name: National Chiayi University, Chiayi, Taiwan Author-Name: Chih-Hung YUAN Author-Workplace-Name: National Sun Yat-sen University, Kaohsiung, Taiwan Title: Financial crisis and the relative productivity dynamics of the biotechnology industry: Evidence from the Asia-Pacific countries Abstract: The dynamics of the corporate-level performance growth can reflect the pattern of the firms' reaction at the financial crisis moment. We employed the generalized metafrontier Malmquist productivity index to measure the impact of the financial crisis on the productivity of the biotechnology industry by using 68 biotechnology firms in the Asia-Pacific countries during 2001-2009. The empirical results showed that the financial crisis did not significantly impact productivity changes in the biotechnology industry in the Asia-Pacific region. This was primarily due to the improvements in efficiencies of scale and factor inputs reducing the overall impact. We observed a significant decreasing trend for technical changes in developed countries after the financial crisis. Therefore, how corporations enhance their technical innovation ability is relatively critical. The technological catch-up, the potential technological relative change, and the change in technical efficiency in less-developed countries were poor after the financial crisis. This suggests that less-developed countries should improve their technical and efficiency levels to enhance productivity. Keywords: Asia-Pacific, biotechnology, catch-up, generalized metafrontier Malmquist productivity index Journal: Agricultural Economics Pages: 65-79 Volume: 63 Issue: 2 Year: 2017 DOI: 10.17221/223/2015-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/223/2015-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201702-0002.txt Handle: RePEc:caa:jnlage:v:63:y:2017:i:2:id:223-2015-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Peter ADAMISIN Author-Workplace-Name: Department of Environmental Management, Faculty of Management, University of Presov, Presov, Slovak Republic Author-Name: Rastislav KOTULIC Author-Workplace-Name: Department of Economic Sciences and Economy, Faculty of Management, University of Presov, Presov, Slovak Republic Author-Name: Ivana KRAVCAKOVA VOZAROVA Author-Workplace-Name: Department of Economic Sciences and Economy, Faculty of Management, University of Presov, Presov, Slovak Republic Title: Legal form of agricultural entities as a factor in ensuring the sustainability of the economic performance of agriculture Abstract: Development of the agricultural sector prior to 1989 in Slovakia, such as in most countries of the Central and Eastern Europe, was affected by the collectivization realized on the principle of the central planning. The main objective became the quantity, while quality and efficiency had only a secondary importance. Entering into a new market environment after 1990 meant for agricultural enterprises complicated structural, economic and social changes. The aim of the paper is to evaluate the economic performance of agricultural entities depending on their legal form in Slovakia. We assume that the legal form or the way of organizing and management of processes within the agricultural enterprises has an impact on the economic performance of the agricultural subjects. The analysis confirmed the assumptions. On the basis of the testing results, it was found that business companies show a higher rate of economic success measured by the selected economic indicators. Keywords: agricultural cooperative, business company, economic performance, entrepreneurship, legal form, paired t-test Journal: Agricultural Economics Pages: 80-92 Volume: 63 Issue: 2 Year: 2017 DOI: 10.17221/208/2015-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/208/2015-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201702-0003.txt Handle: RePEc:caa:jnlage:v:63:y:2017:i:2:id:208-2015-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Bazyli CZYZEWSKI Author-Name: Adam MAJCHRZAK Author-Workplace-Name: Poznan University of Economics and Business, Poznan, Poland Title: Economic size of farms and adjustments of the total factor productivity to the business cycle in Polish agriculture Abstract: The article presents an approach to changes in the total factor productivity (TFP) which differs from that generally found in the literature. Changes are calculated in the real terms using the detailed input-output matrices for representative farms in Poland, for different economic size classes, in the years 2007-2013. Input-output matrices were used for the decomposition of the Hicks-Moorsteen TFP index. The goal is to evaluate changes in the real TFP in the downturn and recovery phases of the business cycle in agriculture. It was found that the reaction of TFP to business cycle changes on "small", "medium" and even "large" family farms in Poland is diametrically opposite to that observed in the case of large-scale farms. More than 90% of farms in Poland (except for the largest) increase technical productivity in the conditions of the economic downturn and lower it in the conditions of the economic recovery. Such behaviour is pro-cyclic and irrational, alluding to the 17th-century King's effect, which is vanishing in the agricultural systems of highly developed countries. The hypothesis is proposed that the size of the price expectation error which causes that effect is negatively correlated with the economic size of the farm, but at the same time it is proportional to the percentage of agricultural income obtained from subsidies and other payments under the SAPS system. Keywords: agriculture, business cycle, CAP, input-output analysis, TFP Journal: Agricultural Economics Pages: 93-102 Volume: 63 Issue: 2 Year: 2017 DOI: 10.17221/240/2015-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/240/2015-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201702-0004.txt Handle: RePEc:caa:jnlage:v:63:y:2017:i:2:id:240-2015-AGRICECON