FN Archimer Export Format
PT J
TI Effectiveness of Public Aid for Inland Aquaculture in Poland—The Relevance of Traditional Performance Ratios
BT 
AF Raftowicz, Magdalena
   Le Gallic, Bertrand
   Kalisiak-Mędelska, Magdalena
   Rutkiewicz, Krzysztof
   Konopska-Struś, Emilia
AS 1:1;2:2;3:1;4:1;5:3;
FF 1:;2:;3:;4:;5:;
C1 Department of Economic Sciences, Wrocław University of Environmental and Life Sciences, 50-375 Wrocław, Poland
   UMR 6308 AMURE/IUEM, CNRS, Ifremer, Université de Brest, 29238 Brest, France
   WSB University in Wrocław, 53-609 Wrocław, Poland
C2 UNIV WROCLAW, POLAND
   UBO, FRANCE
   UNIV WROCLAW, POLAND
UM AMURE
IN WOS Cotutelle UMR
   DOAJ
   copubli-europe
IF 3.889
TC 1
UR https://archimer.ifremer.fr/doc/00696/80782/84118.pdf
LA English
DT Article
DE ;public aid;aquaculture sector;profitability;effectiveness;sustainable development;SMEs
AB Public financial aid is approached as one of the most important tools allowing, mainly small and medium-sized enterprises, to implement many of their investment intentions, thus improving their competitive position in the market. It is granted to enterprises regardless of whether they are of profit-oriented or a non-profit nature. The main goal of this article is to assess the effectiveness of public aid in the aquaculture sector. Authors reviewed the aid measures allocated to three carp farms located in the Barycz Valley, the biggest center for carp breeding in Europe. These three farms accounted for half of the aid beneficiaries over the period of analysis, and are considered to be representative according to the typical farms approach. They also account for 85% of the total grants allocated to the sector. After identifying differences in investment strategies, the authors investigated whether these differences could be reflected in the financial situation of the selected enterprises. The analysis covered the value of the financial liquidity factors, profitability, the level of debt and the increase in assets during the years 2012–2016. The research suggests that part of the benefits expected from public aid are not fully captured in the traditional performance ratios, especially when ecosystem-enhancing measures are involved. 
PY 2021
PD MAY
SO Sustainability
SN 2071-1050
PU MDPI AG
VL 13
IS 9
UT 000650896500001
DI 10.3390/su13095155
ID 80782
ER

EF