6+

Quantitative analysis of profitability of growing of key agricultural crops in the context of strategic development of agricultural enterprises

ПОДЕЛИТЬСЯ С ДРУЗЬЯМИ
Authors


Candidate of Technical Sciences, Associate Professor, Associate Professor of the International Institute of Economics and Linguistics
Russia, Irkutsk State University
davidgerc@yahoo.com


Associate Professor, International Institute of Economics and Linguistics
Russia, Irkutsk State University
ivanovna151@mail.ru


Doctor of Education, Professor of the Department of Education
Russia, Irkutsk State University
podlinyaev@inbox.ru


Russia, Irkutsk State University
DVSemyonova@yandex.ru

Abstract

In the article, using the basic principles of portfolio analysis according to 2013-2017, the dynamics of the productivity of the main agricultural crops, including separately grain and leguminous crops, and the production of basic livestock products was studied. The analysis was carried out using the «Profit-Risk» model, which is based on the basic provisions of the portfolio analysis of G. Markowitz. Based on the results of the global optimization, a group of lines of activity was formed that provided the best (in terms of profitability to risk) investment conditions. This is the cultivation of legumes and vegetables, the production of livestock, poultry, pigs and eggs and milk yield. The results of correlation analysis indicate that the synthesized group of leaders' directions can be considered as the simplest portfolio with equal weights, since there is no close relationship between them. The revealed groups of widely diversified leading directions make it possible to build investment strategies for agricultural enterprises.

Keywords

Profitability of growing crops, agricultural enterprises, investment attractiveness assessment, portfolio analysis, Markowitz model, investment strategies of agricultural enterprises

Print Friendly, PDF & Email

Categories of article:

Read also

Project finance

This article was prepared with the financial support of the Russian Foundation for Basic Research, project No. 20-010-00169 «Formation of models for the strategic development of industrial enterprises taking into account industry specifics, modernization of production, the influence of competitiveness and innovation».

Suggested citation

Gertsekovich David Artashevich , Gorbachevskaya Lyudmila Ivanovna , Podlinyayev Oleg Leonidovich , Semonova Dar'ya Vadimovna
Quantitative analysis of profitability of growing of key agricultural crops in the context of strategic development of agricultural enterprises// Modern Management Technology. ISSN 2226-9339. – #1 (91). Art. # 9107. Date issued: . Available at: https://sovman.ru/en/article/9107/

Full article text is available only in Russian.
Please select from the menu Russian language and continue reading.


References

  1. Bodi Z., Merton R. Finances. [Finansy]. – M.: Williams, 2007 .– 592 p.
  2. Burenin A.N. Market of securities and derivative financial instruments [Rynok tsennykh bumag i proizvodnykh finansovykh instrumentov] -M.: 1 Federal Bookselling Company, 1998. – 352 p.
  3. Gertsekovich D.A., Babushkin R.V. Dynamic portfolio analysis of world stock indices [Dinamicheskiy portfel’nyy analiz mirovykh fondovykh indeksov]// World of Economics and Management. 2019.Vol. 19, No. 4. P. 14 – 30.
  4. Gertsekovich D.A. The choice of priority areas for investing in the stock markets according to the profitability-risk model [Vybor prioritetnykh napravleniy investirovaniya na fondovykh rynkakh po modeli «dokhodnost’-risk»] // Economics and entrepreneurship. – M.: No. 9 (98), 12, 2018, p. 673 – 680.
  5. Gibson R. Investment Portfolio Formation: Financial Risk Management [Formirovaniye investitsionnogo portfelya: Upravleniye finansovymi riskami] / R. Gibson; English – 3rd ed., Rev. – M .: Alpina Publisher, 2015 .– 274 p.
  6. Damodoran A. Damodoran A. Investment valuation: Tools and methods for valuing any assets [Investitsionnaya otsenka: Instrumenty i metody otsenki lyubykh aktivov]. – M.: Alpina, 2007 .– 1340 p.
  7. Russia in numbers. 2018 [Rossiya v tsifrakh. 2018]: Short stat. Sat / Rosstat-M., 2018 – 522 p.
  8. Fabotstsi F.Dzh. Investment management [Upravleniye investitsiyami]. – M: INFRA-M, 2000 .– 932 p.
  9. Sharp U., Aleksander G., Beyli Dzh. Sharp U. Investicii [Investitsii]. – M. : INFRA-M, 2016. – 1040 s.
  10. DeBondt W.F. Does the stock market overreact? / W.F. DeBondt, R. Thaler. // Journal of Finance. – 1985. Vol. 40, P. 793 – 805.
  11. Fama E. F. Permanent and temporary components. / E. F. Fama, K. R. French. // Journal of Political Economy. – 1988. – Vol. 96, Р. 246 – 273.
  12. Jegadeesh N. Returns to buying winners and selling losers: Implications for stock market efficiency. / N. Jegadeesh, S. Titman. // Journal of Finance. – 1993. Vol. 48(1), P. 65 – 91.
  13. Markovitz H.M. Portfolio selection. / H.М. Markovitz. // J. of Finance. – 1952. – Vol. 7, № 1. – P. 77 – 91.
  14. O`Shaughnessy J. What Works on Wall Street. / J. O`Shaughnessy. // McGraw-Hill, XVI, 2005, – p. 273 – 295.