Korzyści skali a wyniki ekonomiczno-finansowe przedsiębiorstw przetwórstwa mleka w latach 2004–2006
The returns to scale in relation to economic-financial results of dairy companies in 2004–2006
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2009, vol., nr 76, s. 95-108
Abstract
This paper presents the issue of potential relation between returns to scale of dairy companies and their financial performance. The analysis based on 267 objects shows significant differences between companies of increasing, decreasing and constant returns to scale. Statistic tests showed that the constant returns to scale is connected with higher labour efficiency ratio and assets productivity. However the research does not conf rm hypothesis that constant returns leads to the higher return on equity (ROE), return on assets (ROA), return on sales (ROS)