Abstract
This article examines the Lithuanian family farms profitability and growth throughout the period of 2005-2015. This research relies on the aggregate data from the Farm Accountancy Data Network database for different farming types and regions. The DuPont identity was applied to analyse the profitability (returns on equity) of family farms and its determinants in terms of profit margin, asset turnover, and equity multiplier (leverage). The methodological contribution presented in this paper is the integration of the DuPont model into index decomposition analysis framework based on the Shapley value.
Balezentis, T., Novickyte, L. 2018. Are Lithuanian Family Farms Profitable and Financially Sustainable? Evidence Using DuPont Model, Sustainable Growth Paradigm and Index Decomposition Analysis. In Transformations in Business & Economics, Vol. 17, No 1 (43), pp.237-254. ISSN 1648-4460 [ISI Web of Science (& Master Journal List) by Thomson Services (2006, back-cited from 2005); Social Sciences Citation Index (2006); Social SciSearch (2006); Journal Citation Reports / Social Sciences Edition (2006); EBSCO (EconLit with Full Text) (2007); IBSS (2004); EconLit (2005); e-JEL (2005); JEL on CD (2005); SCOPUS (2007); Cabell’s Directory (2008)].