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dc.contributor.authorBACHEV, Hrabrin
dc.date.accessioned2022-09-29T08:03:09Z
dc.date.accessioned2022-09-29T08:03:10Z
dc.date.available2022-09-29T08:03:09Z
dc.date.available2022-09-29T08:03:10Z
dc.date.issued2022
dc.identifier.issn0323-9004
dc.identifier.urihttp://hdl.handle.net/10610/4657
dc.description.abstractThis article incorporates the New Institutional Economy and proposes an approach for understanding and assessing the governance efficiency of farms. It corroborates that a farm is efficient if it manages all its transactions and activities in the most economical (equal or more efficient) way compared to any other organization. Moreover, farms must have a good potential to adapt to permanently changing market, institutional, technological and natural environments in order to have high (overall) governance efficiency. Nature of the problems in effective organization for the main farm transactions for securing needed factors of production and output realization is used as an indicator for farm’s comparative efficiency. The analysis of survey data found that the overall level of governance efficiency of Bulgarian farms is acceptable the efficiency of 60% of them is low. There are huge differences in the level of efficiency of farms of different legal form, size, specialization and location as well as in the share of farms with different levels of efficiency in each group.us_US
dc.publisherTsenov Publishing HouseEN_en
dc.relation.ispartofseries2;2
dc.subjectgovernanceus_US
dc.subjectefficiencyus_US
dc.subjectfarmus_US
dc.subjecttransaction costsus_US
dc.titleAn Approach To Understanding And Assessing The Governance Efficiency Of Agricultural Enterprisesus_US
dc.typeArticleus_US


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