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Economic Analysis: Theory and Practice
 

A model to manage working capital in agrarian business

Vol. 17, Iss. 10, OCTOBER 2018

PDF  Article PDF Version

Received: 27 July 2018

Received in revised form: 2 August 2018

Accepted: 23 August 2018

Available online: 31 October 2018

Subject Heading: MANAGERIAL ANALYSIS

JEL Classification: M11

Pages: 1951–1961

https://doi.org/10.24891/ea.17.10.1951

Samygin D.Yu. Penza State University, Penza, Russian Federation
vekont82@mail.ru

ORCID id: not available

Imyarekov S.M. Saransk Cooperative Institute, Branch of Russian University of Cooperation, Saransk, Republic of Mordovia, Russian Federation
simyarekov@yandex.ru

ORCID id: not available

Stepashkina E.N. National Research Ogarev Mordovia State University, Saransk, Republic of Mordovia, Russian Federation
s558456@mail.ru

ORCID id: not available

Subject The article addresses the efficient management of current financial needs of agricultural goods producers.
Objectives The purpose is to review current financial needs of agricultural goods producers and develop tools to coordinate current assets and current liabilities management in agriculture at the regional level.
Methods Methods of financial management combined with tools of econometric and statistical analysis provide the basis for analytical review and modeling of current financial needs of agricultural goods producers in the Penza Oblast.
Results The paper generalizes and systematizes financial methods of integrated operational management of current requirements in agriculture. The analysis shows a demand for transforming the elements of the integrated operational management policy. We developed an econometric model of dependence of the policy's basic elements on agrarian business entities. Its description enables to define and coordinate strategic decisions on operational management of current financial needs in the agrarian sector at the regional level.
Conclusions On the basis of obtained functional relations, it is possible to substantiate areas for improving the implemented agricultural policy aimed at additional financial resource mobilization in agriculture.

Keywords: agrarian business, agricultural policy, working capital, financial needs, operational management

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