BaÅçi, Erdem; Mahmud, Syed F.; Yucel, Eray M. - In: Emerging Markets Finance and Trade 43 (2007) 1, pp. 64-73
This paper examines how money balances held by manufacturing firms affect their efficiency in generating sales revenue in a high-inflation economy. The analysis employs data from Turkish firms to estimate a stochastic frontier model, finding a strong positive association between the firms' money...