Open AccessThree-dimensional efficiency indicator of the grant support for innovative development of small business forms
Author(s) -
Ivan Voiku
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/341/1/012223
Subject(s) - peasant , relevance (law) , production (economics) , industrial organization , scale (ratio) , volume (thermodynamics) , environmental economics , computer science , economics , business , microeconomics , political science , physics , quantum mechanics , law
The essence of the peasant (farm) enterprise as a separate direction of entrepreneurial activity is reviewed. The factors of agricultural production and features of peasant (farm) enterprises that affect the efficiency of their activities and predetermine their competitive advantages are presented. The relevance of the State support for the development of small business forms is specified. The essence of the basic methodological approach for evaluation of the efficiency of grant support for peasant (farm) enterprises, involving the evaluation upon the performance criterion, is presented. The concept and advantages of the methodological approach, involving the calculation of a three-dimensional efficiency indicator, are presented. The indicator is based on the determination of the strength and directions of the correlation between: the volume of grant support and operating income, the volume of grant support and material production costs, the volume of grant support and the volume of investments in technical equipment. The three-dimensional efficiency indicator allows normalizing the results of the evaluation to a unified scale that shows quantitative measures of efficiency: relevance, performance, efficiency, influence, stability.