Original scientific paper
https://doi.org/10.15567/mljekarstvo.2015.0407
Does productivity affect profitability in dairy processing industry? Evidence from Slovenia, Croatia and Serbia
Saša Muminović
orcid.org/0000-0002-6850-1595
; Julon d.o.o., Ljubljana, Slovenia, Member of the Aquafil Group, Letališka cesta 15, 1000 Ljubljana, Slovenia
Željana Aljinović Barać
orcid.org/0000-0002-8090-4186
; University of Split, Faculty of Economics, Cvite Fiskovića 5, 21000 Split, Croatia
Abstract
This paper provides insights into productivity in dairy processing companies in Slovenia, Croatia and Serbia. The aim is to find out whether EBITDA per employee, as a measure of overall productivity as well as labour and capital productivity and their management positively affect company’s profitability. Literature review shows that this issue was relatively neglected, although increase in productivity is regarded as the most important factor in maintaining a competitive advantage in most developed countries. Results obtained show that comprehensive measure of productivity EBITDA per employee has statistically significant positive impact on company’s profitability, the same as productivity management components labour cost competitiveness and capital productivity.
Keywords
dairy processing industry; profitability; productivity; cost efficiency; cost competitiveness
Hrčak ID:
148187
URI
Publication date:
11.11.2015.
Visits: 2.600 *