This paper presents a dynamic perspective on the processes of farm restructuring following farm acquisitions by large-scale agroholdings in Ukraine. In particular, the paper employs a large dataset of farm-level data and several quantitative techniques to explore how the acquired farms’ resource bases are integrated after acquisitions and what outcomes an acquisition brings about for farm growth, profitability and productivity. In general, acquisitions positively affect farm growth and productivity while agroholdings use various resource allocation, resource redeployment and investment/divestment instruments for the post-acquisition integration of farms. The variation in achieving profitable post-acquisition growth of farms is contingent upon a number of farm pre-acquisition characteristics, strategic growth orientations and timing of acquisitions.

中文翻译：

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收购后农场的整合与发展：以乌克兰农庄为例

本文对乌克兰大规模农作物收购农场后的农业结构调整过程提出了动态的看法。特别是，本文采用了大量的农场级数据集和几种定量技术来探讨收购后如何整合收购后的农场的资源基础，以及收购对农场的增长，利润和生产力产生了什么结果。一般而言，收购对农场的增长和生产力产生积极影响，而农业所有权则使用各种资源分配，资源重新部署以及投资/撤资手段来进行农场的收购后整合。农场收购后实现可盈利增长的差异取决于农场的许多收购前特征，战略增长方向和收购时机。