CORRELATION OF THE LEVEL OF SALARIES OF EMPLOYEES IN MEDIUM-SIZED AGRICULTURAL ENTERPRISES AND INDIVIDUAL FARMS AND THE IMPACT ON TOP MANAGEMENT
DOI:
https://doi.org/10.5937/ekoPolj1903811VKeywords:
individual farm, medium agricultural enterprise, management decisionsAbstract
Business management can be improved in different ways. One of the key options for managing agricultural enterprises is monitoring the level of wages, because they directly affect the results of the company, or the results of the top management work. The authors conducted the research by analyzing medium-sized agricultural enterprises and individual farms regarding the level of wages in the period 2017-2019 in the Republic of Serbia. We have come to the basic conclusion that there is a statistically significant relationship between the level of wages in both forms of organization of agricultural production and the realization of profit, that is, the performance of the business on the market. In addition, there is a significant correlation between the level of wages and the achieved profit in the positive direction only for 2017 (at the level p <.05), while for the remaining two years there is no significant connection. The latest conclusion from the study suggests that in 2019 there was an increase in wages and a simultaneous occurrence of a decline in profit.
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References
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34. Popović, S., Đuranović, D., Laban, B., Ivić, M., Jovin, S., Nastić, S., Grublješić, Ž. & Popović, V. (2018). Impact of different light intensity on the production of the plant narcissus l. and its financial effects, Economics of Agriculture, 4: 1359-1370. doi:10.5937/ekoPolj1804359P
35. Rodriguez, M., Miguel, Sanchez, L., Cejudo, E. & Antonio, C. (2019): Variety in local development strategies and employment: LEADER programme in Andalusia. Agric. Econ. – Czech, 65: 43-50 https://doi.org/10.17221/106/2018-AGRICECON
36. Scalera, F. (2016): The Balkan Area Development: Threats and Opportunities for Italian Companies Investment Strategies. International Journal of Business and Management, 11(10): 37-50. DOI:10.5539/ijbm.v11n10p37
37. Taylor, J. (2010): Public service motivation, civic attitudes and actions of public, nonprofit and private sector employees: Public Administration, 88(4): 1083-1098. https://doi.org/10.1111/j.1467-9299.2010.01870.x
38. Tackie, G., Mrafo-Yiadom, E. & Achina, S. (2016): Determinants of Internal Audit Effectiveness in Decentralized Local Government Administrative Systems. International Journal of Business and Management, 11(11): 184-195. DOI:10.5539/ijbm.v11n11p184
39. Terzić, D., Popović, V., Malić, N, Ikanović, J, Rajičić, V., Popović, S., Lončar, M & Lončarević. V. (2019). Effects of long-term fertilization on yield of siderates andorganic matter content of soil in the process of recultivation. The J. Anim. Plant Sci. 29(3):2019. http://www.thejaps.org.pk/docs/Accepted/2019/29-03/12.pdf
40. Topcu, M. & Serap Çoban, S. (2017): Financial development and firm growth in Turkish manufacturing industry: evidence from heterogeneous panel based non-causality test. Economic Research-Ekonomska Istraživanja, 30(1): 1758-1769. https://doi.org/10.1080/1331677X.2017.1383179
41. Wang, W. (2016): Exploring the determinants of network effectiveness: The case of neighbourhood governance networks in Beijing. Journal of Public Administration Research and Theory, 26(2): 375-388. https://doi.org/10.1093/jopart/muv017
42. Wang, D. (2019): Manufacturing and agricultural pollution, private mitigation and wage inequality in the presence of pollution externalities. Agric. Econ. – Czech, 65: 51-58 https://doi.org/10.17221/79/2018-AGRICECON
43. Williams, C. (2010). Principles of management, DataStatus, Belgrade. [in Sebian: Williams, C. (2010). Principi menadžmenta, DataStatus, Beograd].
2. Anwar, S. & Sun, S. (2015): Taxation of labour income and the skilled–unskilled wage inequality. Economic Modelling, 47: 18-22 https://doi.org/10.1016/j.econmod.2014.12.037
3. Bratkovič-Kregar, T., Antončič, B. & Ruzzier, M. (2019): Linking a multidimensional construct of networking self-efficacy to firm growth. Economic Research-Ekonomska Istraživanja, 32(1): 17-32. https://doi.org/10.1080/1331677X.2018.1545594
4. Balikçioğlu, E. & Yilmaz, H. (2019): How fiscal policies affect credit rates: probity analysis of three main credit rating agencies sovereign credit notes. Transylvanian Review of Administrative Sciences, 56: 5-22 http://rtsa.ro/tras/index.php/tras/article/view/585/571
5. Bojović, R., Popović, V., Ikanović, J., Živanović, Lj., Rakaščan, N., Popović, S., Ugrenović, V & Simić, D. (2019). Morphological characterization of sweet sorghum genotypes acrossen vironments, The J. Anim. Plant Sci. 29(3):2019. http://www.thejaps.org.pk/docs/Accepted/2019/29-03/04.pdf
6. Boukalova, K., Kolarova, A. & Lostak, M. (2016): Tracing shift in Czech rural development paradigm (Reflections of Local Action Groups in the media). Agricultural Economics (Zemědělská ekonomika), 62: 149-159 https://doi.org/10.17221/102/2015-AGRICECON
7. Bozzolan, S., Laghi, E. & Mattei, M. (2016): Amendments to the IAS 41 and IAS 16 – implications for accounting of bearer plants. Agric. Econ. – Czech. 62: 160-166. https://doi.org/10.17221/48/2015-AGRICECON
8. Bratten, B., Jennings, R. & Schwab, C. (2016): The accuracy of disclosures for complex estimates: Evidence from reported stock option fair values. Accounting, Organizations and Society. 52: 32-49. https://doi.org/10.1016/j.aos.2015.09.001
9. Brousseau, C., Gendron, M., Belanger, P. & Coupland, J. (2014): Does fair value accounting contribute to market price volatility? An experimental approach. Accounting & Finance. 54(4): 1033–1061. https://doi.org/10.1111/acfi.12030
10. Catuogno, S., Arena, C., Saggese, S., Sarto, F. (2016): The Influence of Blockholders, Bondholders and Families on the Venturers Accounting Behavior. International Journal of Business and Management. 11(8): 31-43. https://www.researchgate.net/publication/305487345
11. Chengzhi, Y. & Hao, S. (2019): Impact of municipal political decision makers turnover on the degree of building and land use in china: an empirical study based on the profiles of the secretaries of municipal party committees, Transylvanian Review of Administrative Sciences, 56: 132-148 http://rtsa.ro/tras/index.php/tras/article/view/585/571
12. Cheng, C. (2016): Discussion of IFRS non-GAAP earnings disclosures and fair value measurement. Accounting & Finance, 56(1): 99-112. https://onlinelibrary.wiley.com/doi/pdf/10.1111/acfi.12206
13. Dax, T. & Oedl-Wieser, T. (2016): Rural innovation activities as a means for changing development perspectives an assessment of more than two decades of promoting LEADER initiatives across the European Union. Studies in Agricultural Economics, 118, 30-37 https://doi.org/10.7896/j.1535
14. Durocher, S. & Gendron, Y. (2014): Epistemic commitment and cognitive disunity toward fair-value accounting. Accounting and Business Research. 44(6): 630-655. https://doi.org/10.1080/00014788.2014.938012
15. Gatarik, E. (2019): The value of knowledge sharing in decision-making and organisational development: a model-theoretic systemic analysis of an intervention in an Austrian S.M.E. Economic Research-Ekonomska Istraživanja. 32(1): 148-167. https://doi.org/10.1080/1331677X.2018.1552175
16. Ege, M. S. (2015): Does internal audit function quality deter management misconduct?. The Accounting Review, 90(2): 495–527. https://doi.org/10.2308/accr-50871
17. Gaetano, S. & Lamonaca, E. (2019): On the drivers of global grain price volatility: an empirical investigation. Agric. Econ. – Czech, 65: 31-42 https://doi.org/10.17221/76/2018-AGRICECON
18. Florou, A., Kosi, U., Popoe, P. (2016): Are international accounting standards more credit relevant than domestic standards?. Accounting and Business Research. 46(7): 1-29. https://doi.org/10.1080/00014788.2016.1224968
19. Funnell, W., Wade, M., R. Jupe. (2016): Stakeholder perceptions of performance audit credibility. Accounting and Business Research. 46(6): 601-619. https://doi.org/10.1080/00014788.2016.1157680
20. Kouřilová, J. & Sedláček, J. (2014): Environmental accounting and the FADN as a basis of model for detecting the material flow cost accounting. Agric. Econ. – Czech., 60: 420-429. https://www.agriculturejournals.cz/publicFiles/79_2013-AGRICECON.pdf
21. Kijek, A., Kijek, T., Nowak A. & Skrzypek, A. (2019): Productivity and its convergence in agriculture in new and old European Union member states. Agric. Econ. – Czech, 65: 01-09 https://doi.org/10.17221/262/2017-AGRICECON
22. Kukovič, S., Haček, M. & Bukovnik, A. (2016): The Issue of Local Autonomy in the Slovenian Local Government System, Lex Localis – Journal of Local Self-Government, 14(3): 303–320. http://pub.lex-localis.info/index.php/LexLocalis/article/view/14.3.303-320%282016%29
23. Kuo, K., Lee, C. & Wu, S. (2018): environmental policy and labour market imperfection. Bulletin of Economic Research, 70: 175-184 https://doi.org/10.1111/boer.12122
24. Lee, J. (2019): Regional heterogeneity among non-operating earnings quality, stock returns, and firm value in biotech industry. Agric. Econ. – Czech, 65: 10-20 https://doi.org/10.17221/24/2018-AGRICECON
25. Naumescu, V. (2018): Administrative and political perspectives of the eus reform: focus on permanent structured cooperation. Transylvanian Review of Administrative Sciences, 2018/Special Issue, 56: 60-74. http://rtsa.ro/tras/index.php/tras/article/view/585/571
26. Novaković, S., Vukasović, D., Laban, B.,Ivić, M., Popović, V. & Popović, S. (2018). Managing agricultural company by using internal control and significance of risk presentation, Economics of Agriculture, 2: 801-812. doi:10.5937/ekoPolj1802801N
27. Nowak, A., Janulewicz, P., Krukowski, A. & Bujanowicz-Haraś, B. (2016): Diversification of the level of agricultural development in the member states of the European Union. Cahiers Agricultures, 25: 55004 https://doi.org/10.1051/cagri/2016040
28. Oakes, H. & Oakes, S. (2015): An analysis of business phenomena and austerity narratives in the arts sector from a new materialist perspective. Accounting and Business Research, 45(6-7): 738-764. https://doi.org/10.1080/00014788.2015.1081555
29. Oliveras, E. & Puig, X. (2005): The Changing Relationship between Tax and Financial Reporting in Spain. Accounting in Europe, 2: 195-207. https://doi.org/10.1080/09638180500379020
30. Park, E., Kang, J., Choi, D. & Han, J (2019): Effects of initial public offerings on economic performance of small and medium-sized enterprises. Economic Research-Ekonomska Istraživanja, 32(1): 85-100. https://doi.org/10.1080/1331677X.2018.1545595
31. Popović, S. (2014). Socio-economic factors limiting the development of agrarian, Feljton, Novi Sad. [in Serbian: Popović, S. (2014). Socio-ekonomski faktori ograničenja razvoja agrara, Feljton, Novi Sad].
32. Popović, S., Majstorović, A. & Grublješić Ž. (2015). Valuation of facilities in use and application of international accounting standards, Аctual problems of economics, 3(165): 379-387. https://eco-science.net/en/downloads
33. Popović, S., Novaković, S., Đuranović, D., Mijić, R., Grublješić, Ž, Aničić, J. & Majstorović, A. (2017): Application of international accounting standard-16 in a public company with predominantly agricultural activities. Economic Research-Ekonomska Istraživanja, 30(1): 1850–1864. https://doi.org/10.1080/1331677X.2017.1383171
34. Popović, S., Đuranović, D., Laban, B., Ivić, M., Jovin, S., Nastić, S., Grublješić, Ž. & Popović, V. (2018). Impact of different light intensity on the production of the plant narcissus l. and its financial effects, Economics of Agriculture, 4: 1359-1370. doi:10.5937/ekoPolj1804359P
35. Rodriguez, M., Miguel, Sanchez, L., Cejudo, E. & Antonio, C. (2019): Variety in local development strategies and employment: LEADER programme in Andalusia. Agric. Econ. – Czech, 65: 43-50 https://doi.org/10.17221/106/2018-AGRICECON
36. Scalera, F. (2016): The Balkan Area Development: Threats and Opportunities for Italian Companies Investment Strategies. International Journal of Business and Management, 11(10): 37-50. DOI:10.5539/ijbm.v11n10p37
37. Taylor, J. (2010): Public service motivation, civic attitudes and actions of public, nonprofit and private sector employees: Public Administration, 88(4): 1083-1098. https://doi.org/10.1111/j.1467-9299.2010.01870.x
38. Tackie, G., Mrafo-Yiadom, E. & Achina, S. (2016): Determinants of Internal Audit Effectiveness in Decentralized Local Government Administrative Systems. International Journal of Business and Management, 11(11): 184-195. DOI:10.5539/ijbm.v11n11p184
39. Terzić, D., Popović, V., Malić, N, Ikanović, J, Rajičić, V., Popović, S., Lončar, M & Lončarević. V. (2019). Effects of long-term fertilization on yield of siderates andorganic matter content of soil in the process of recultivation. The J. Anim. Plant Sci. 29(3):2019. http://www.thejaps.org.pk/docs/Accepted/2019/29-03/12.pdf
40. Topcu, M. & Serap Çoban, S. (2017): Financial development and firm growth in Turkish manufacturing industry: evidence from heterogeneous panel based non-causality test. Economic Research-Ekonomska Istraživanja, 30(1): 1758-1769. https://doi.org/10.1080/1331677X.2017.1383179
41. Wang, W. (2016): Exploring the determinants of network effectiveness: The case of neighbourhood governance networks in Beijing. Journal of Public Administration Research and Theory, 26(2): 375-388. https://doi.org/10.1093/jopart/muv017
42. Wang, D. (2019): Manufacturing and agricultural pollution, private mitigation and wage inequality in the presence of pollution externalities. Agric. Econ. – Czech, 65: 51-58 https://doi.org/10.17221/79/2018-AGRICECON
43. Williams, C. (2010). Principles of management, DataStatus, Belgrade. [in Sebian: Williams, C. (2010). Principi menadžmenta, DataStatus, Beograd].
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Published
2019-10-01
How to Cite
Vitomir, J., Tomaš-Miskin, S., & Laban, B. (2019). CORRELATION OF THE LEVEL OF SALARIES OF EMPLOYEES IN MEDIUM-SIZED AGRICULTURAL ENTERPRISES AND INDIVIDUAL FARMS AND THE IMPACT ON TOP MANAGEMENT. Ekonomika Poljoprivrede, 66(3), 811–822. https://doi.org/10.5937/ekoPolj1903811V
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