Template-Type: ReDIF-Article 1.0 Author-Name: Nadežda Jankelová Author-Name: Katarína Remeňová Author-Workplace-Name: University of Economics in Bratislava, Bratislava, Slovak Republic Author-Name: Zuzana Skorková Author-Workplace-Name: University of Economics in Bratislava, Bratislava, Slovak Republic Author-Name: Ildikó Némethová Author-Workplace-Name: University of Economics in Bratislava, Bratislava, Slovak Republic Title: Innovative approaches to management with emphasis on soft factors and their impact on the efficiency of agribusiness companies Abstract: This paper represents a wider research aimed at the examination of innovative approaches to management and their impact on the competitiveness and success of companies in a globalised world economy. Its main objective is to evaluate perceived importance of these approaches with emphasis on soft factors in agribusiness companies in Slovakia in terms of methods and tools used in the implementation of individual management functions, as well as in terms of the frequency of their applications, and their impact on the efficiency of these companies. However, a research gap has been identified in the existing literature on primary agribusiness companies. To improve their position, farmers should not only passively respond to many external factors that are of course important in this sector but should also be proactive and innovative in their management methods and practices. A questionnaire research has been conducted in agribusiness companies in Slovakia. The obtained results highlight the significance of hard factors in the utilisation of management tools. Moreover, soft factors have positively affected economic results. Innovativeness has been identified in leadership functions, where a significant link has been found between the transformation style of leadership and the importance of soft factors in transformational management. Keywords: agribusiness company, efficiency, hard factors in management, innovative approaches to management, soft factors in management Journal: Agricultural Economics Pages: 203-211 Volume: 65 Issue: 5 Year: 2019 DOI: 10.17221/202/2018-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/202/2018-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201905-0001.txt Handle: RePEc:caa:jnlage:v:65:y:2019:i:5:id:202-2018-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Donato Morea Author-Workplace-Name: Faculty of Economics, Universitas Mercatorum, Rome, Italy Author-Name: Marino Balzarini Author-Workplace-Name: IRD Engineering S.r.l., Rome, Italy Title: Bankability of a public private partnership in agricultural sector: A project in Sub Saharan Africa Abstract: A public private partnership can be an effective approach to deal the projects with modern agricultural development in Sub Saharan Africa. A former financial analysis of a development project, carried out by the authors, showed that public and private partners can effectively join in a mutually satisfactory venture capital. The same project is now complemented with a bankability study, considering lenders options, equity allocation, collaterals and likely applicable interest rates, available cash flow and sustainable debt service repayment to provide a through financing scenario for each partner's perspective assessing the relevant Debt Service and Loan Life Cover Ratios. Cash flow and interest rates fluctuation impacts are eventually investigated with a sensitivity analysis to prove the robustness of the proposed scenario. Keywords: financiability analysis, modern agricultural development projects, project financing Journal: Agricultural Economics Pages: 212-222 Volume: 65 Issue: 5 Year: 2019 DOI: 10.17221/258/2018-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/258/2018-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201905-0002.txt Handle: RePEc:caa:jnlage:v:65:y:2019:i:5:id:258-2018-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Gbolahan Olowu Author-Workplace-Name: Cyprus International University Haspolat, Mersin, Turkey Author-Name: Godwin Olasehinde-Williams Author-Workplace-Name: Eastern Mediterranean University, Gazimagusa, Turkey Author-Name: Murad Bein Author-Workplace-Name: Cyprus International University Haspolat, Mersin, Turkey Title: Does financial and agriculture sector development reduce unemployment rates? Evidence from Southern African countries Abstract: The paper examines empirically the impacts of agricultural sector value added and financial development on unemployment, using yearly data from 1995-2015. Eleven developing Southern African Development Community countries were selected for the study. The empirical analysis was carried out using second-generation econometric methods. The regression results revealed that both agricultural value added and financial development are important determinants of unemployment within the region. The results specifically show that agricultural value added is negatively associated with unemployment in both the short and long-run, although the long-run effect is many times bigger than the short-run impact. The results also show that in the long-run, both financial depth and financial efficiency are negatively associated with unemployment. Interactions between agricultural value added financial development and unemployment were further tested via panel bootstrap causality tests. The causality test results revealed the existence of significant one-way causality from agricultural value added to unemployment and from financial depth to unemployment for the region. It also showed that causality varies across individual countries within the region with different conditions, indicating the heterogeneous nature of the countries that make up the regional bloc. Keywords: bootstrap causality, government expenditure, trade, value added Journal: Agricultural Economics Pages: 223-231 Volume: 65 Issue: 5 Year: 2019 DOI: 10.17221/263/2018-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/263/2018-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201905-0003.txt Handle: RePEc:caa:jnlage:v:65:y:2019:i:5:id:263-2018-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad Zakaria Author-Workplace-Name: School of Economics and Finance, Xi'an Jiaotong University, Xi'an, Shaanxi, P.R. China Author-Name: Wen Jun Author-Workplace-Name: School of Economics and Finance, Xi'an Jiaotong University, Xi'an, Shaanxi, P.R. China Author-Name: Marium Farrukh Khan Author-Workplace-Name: Department of Management Sciences, COMSATS University Islamabad, Islamabad, Pakistan Title: Impact of financial development on agricultural productivity in South Asia Abstract: The paper examines the impact of financial development on agricultural productivity in South Asia using data for the period 1973-2015. The other variables included are physical capital, human capital, trade openness and income level. It is found that all variables have cross-section dependence and they are stationary at first differences. It is found that long-run cointegration holds among variables. The estimated results show that financial development has an inverted U-shaped effect on agricultural productivity, which implies that agricultural productivity first increases with the increase in financial development and then it declines when financial development further increases. Agricultural productivity increases with the increase in both physical and human capitals. Agricultural productivity also improves with trade openness and income level. The results of the robustness analysis show that terms of trade has a negative effect on agricultural productivity. Further, industrialisation has positive while carbon emission and rural labour force have negative effects on agricultural productivity in the region. Keywords: agricultural productivity, cointegration, financial development, South Asia Journal: Agricultural Economics Pages: 232-239 Volume: 65 Issue: 5 Year: 2019 DOI: 10.17221/199/2018-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/199/2018-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201905-0004.txt Handle: RePEc:caa:jnlage:v:65:y:2019:i:5:id:199-2018-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Kuldeep Singh Author-Name: Madhvendra Misra Author-Workplace-Name: Indian Institute of Information Technology, Allahabad, India Title: Financial determinants of cash holding levels: An analysis of Indian agricultural enterprises Abstract: A significant number of studies have been conducted on the determinants of cash holding levels for different corporates. However, no such study has been witnessed so far on the agricultural enterprises. In this study, we examine the determinants of the cash-holding levels for the Indian agrarian enterprises during 1995-2016 period. With the help of weighted least-squares (WLS) regression analysis, we find evidence that the Indian agro-enterprises with greater lucrative opportunities tend to hold less cash. On the other side, we found that large agro-enterprises tend to hold some other mode of liquid assets rather than cash. The firms with higher capital expenditure and distributing profits as a dividend were shown to hold more cash. In our analysis, we find supportive evidence of the static trade-off theory of cash holding. In general, transaction motives and precautionary motives also play an important role in explaining the determinants of cash holding levels for Indian agrarian enterprises. Keywords: agricultural cash holding, cash-holding levels, cash management Journal: Agricultural Economics Pages: 240-248 Volume: 65 Issue: 5 Year: 2019 DOI: 10.17221/240/2018-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/240/2018-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201905-0005.txt Handle: RePEc:caa:jnlage:v:65:y:2019:i:5:id:240-2018-AGRICECON