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Assessment of the financial situation of selected companies of the Polish sugar industry 2016-2022

Firlej Chrystian, Zuzek Dagmara, Luty Lidia, Firlej Krzysztof Adam

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

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2024

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z. 195

121--140

EN

Purpose: The main objective of the article is to analyze and evaluate the financial situation of selected companies operating in the sugar industry and belonging to the WIG Food index for the years 2016-2022. The secondary objective is to verify the relationship (correlation) between financial liquidity and company profitability and to try to indicate the direction of this relationship if it occurs. Design/methodology/approach: The article uses a literature review, analysis of financial data from the financial reporting of companies using statistical methods. Four models of multidimensional discriminant analysis were applied (model D. Hadasik, model J. Gajdka and D. Stos, D. Wierzba and the 'Poznań' model). The analysis was extended to the calculation of three financial liquidity ratios and three profitability ratios of the company. Data from 2016-2022 were analysed in order to illustrate how the situation of the selected companies developed in the period before and after the COVID-19 pandemic. Findings: All the analysed companies were in a good financial position during the analysed period. The most rigorous multivariate discriminant analysis models were those of J. Gajdka and D. Stos and D. Wierzba, which indicated deteriorating financial performance in selected years. Moreover, the analysed companies were characterised by high liquidity and profitability in 2016-2022. Only ZPC Otmuchów SA achieved negative values of profitability indicators in the analysed period, which was a result of negative net profit. Practical implications: A practical application of the presented research could be to draw the attention of companies operating in the food industry to methods of assessing their financial health using appropriate tools and to verify the relationship between liquidity and profitability in these companies. Originality/value: The article presents an analysis and evaluation of the financial condition of selected companies from the WIG Food index. Correlation analysis was used, and the reasons for the financial performance are indicated.

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Bioeconomy as an economic area influencing the economic balance of international trade in Poland

Firlej Chrystian

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

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2021

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z. 152

17--33

EN

Purpose: The main aim of the article is to characterize the concept of the bioeconomy from the theoretical point of view and to present its impact on the economic balance of international trade in Poland in 2008-2017. SWOT analysis of the bioeconomy in Poland was presented as an additional aim of the paper. Design/methodology/approach: The annual reports published by the Central Statistical Office in Poland were used to assess the impact of the bioeconomy on the results of international trade in Poland. Findings: Based on the analysis, it was found that all areas of the Polish bioeconomy have a positive impact on the level of Polish imports and exports. In the analyzed period the balance of foreign trade has significantly improved, despite the fact that employment in this area has decreased. Practical implications: Bioeconomy and its areas as a factor positively influencing the development of the whole country should be further developed and skillfully managed while maintaining appropriate means of financing its activities. Originality/value The article emphasizes the importance of the issue of the bioeconomy and outlines the directions of considerations for further analysis of the studied sector.

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Management of the development of non-agricultural small farm businesses towards care farms

Knapik Wioletta, Zioło Monika, Firlej Chrystian

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

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2020

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z. 148

279--292

EN

Purpose: The aim of the study is to investigate Polish farmers’ interest in running a care farm, which could allow them to obtain additional funding. The main purpose of the study was to diagnose the knowledge and ideas of farmers about care farms. Design/methodology/approach: The analysis used secondary data from the Central Statistical Office and reports. A CATI survey was also conducted on a group of 500 farmers. Findings: Few respondents (12.8%) were interested in running a care farm, and only 30% of those who declared a willingness to expand their core business have rooms that they could allocate for the additional services. Over half of the respondents were inclined to allocate up to 20,000 PLN towards adjusting their facilities to the needs of elderly visitors. These farmers believed that seniors should be offered a range of activities, from walks to light farm labour. In addition, the respondents recognised the need to provide the elderly with medical consultations and rehabilitation services. Research limitations/implications: A small percentage of respondents interested in running a care farm may lack the knowledge about the new business. It is recommended to conduct research in a deliberately selected group of farmers – participants of workshops on care farms. Social implications: Economic activation through managing the non-agricultural functions of rural areas is a contemporary challenge for rural and agricultural development. Originality/value: This article presents research on social innovation in rural areas related to the development of standards of operation and management of the care farm model.