Impact of management practices and managerial ability on the financial performance of aquaculture farms in Bangladesh

TY - JOUR

T1 - Impact of management practices and managerial ability on the financial performance of aquaculture farms in Bangladesh

AU - Takibur Rahman, Mohammad

AU - Nielsen, Rasmus

AU - Khan, Md Akhtaruzzaman

AU - Ankamah-Yeboah, Isaac

PY - 2020/1/2

Y1 - 2020/1/2

N2 - Theoretical and empirical research on farm management suggests that management practices and managerial ability affect farms’ financial performance. However, the explicit application of these concepts is scarce within the aquaculture field. In this study, the impact of management practices and managerial ability on the financial performance of aquaculture farms are investigated in Bangladesh. The aquaculture sector in Bangladesh mainly comprises small extensive freshwater pond farms, a good representative of aquaculture production in developing countries. The results indicate that both management practices and managerial ability affect farm financial performance. These findings emphasize that small-scale extensive aquaculture can be made more economically sustainable in developing countries if knowledge on improving management practices and managerial abilities are disseminated to farmers and policymakers.

AB - Theoretical and empirical research on farm management suggests that management practices and managerial ability affect farms’ financial performance. However, the explicit application of these concepts is scarce within the aquaculture field. In this study, the impact of management practices and managerial ability on the financial performance of aquaculture farms are investigated in Bangladesh. The aquaculture sector in Bangladesh mainly comprises small extensive freshwater pond farms, a good representative of aquaculture production in developing countries. The results indicate that both management practices and managerial ability affect farm financial performance. These findings emphasize that small-scale extensive aquaculture can be made more economically sustainable in developing countries if knowledge on improving management practices and managerial abilities are disseminated to farmers and policymakers.

U2 - 10.1080/13657305.2019.1647578

DO - 10.1080/13657305.2019.1647578

M3 - Journal article

SN - 1365-7305

JO - Aquaculture, Economics and Management

JF - Aquaculture, Economics and Management

ER -