SHS Web Conf.
Volume 120, 2021Sixth International Scientific Conference “BUSINESS AND REGIONAL DEVELOPMENT”
|Number of page(s)||9|
|Section||Competitiveness and Sustainable Development of Agriculture|
|Published online||24 August 2021|
Digitalization and financial performance of enterprises from the livestock sector
Department of Industrial Business and Entrepreneurship, Trakia University, 6000 Student Campus, Stara Zagora, Bulgaria
* Corresponding author: firstname.lastname@example.org
The European Union’s strategy for the digitalization of agriculture is reflected in several initiatives, programs, and projects. The effect of promoting the application of digital technologies is expected to result in an increase in the competitiveness of farmers and their entry into the world market. This is expected to be done through the introduction of innovations leading to cost optimization and greater efficiency. The article examines some concepts related to digitalization, such as “digital maturity”, “digital transformation”, “digital intelligence” and others. A Probit model is used to study the relation of digitalization and the firm performance of entrepreneurs in the livestock sector. Based on an empirical study of the livestock farms, the relationship between digitalization and financial results, sales revenue, size, and innovation activity is analyzed. Our findings show that as the return on assets increases, the probability of livestock farms implementing digital solutions increases. A negative relationship between the intensity of innovation spending and the propensity for digitalization is proved. As the size of their assets increases, companies are more likely to implement digital solutions.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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