Data Envelopment Analysis (DEA), a nonparametric mathematical programming approach to productive efficiency analysis, envelops all observed data. In this paper we show that DEA can be interpreted as nonparametric least squares regression subject to shape constraints on frontier and sign...

This study estimates the factors influencing micro and small enterprise financial performance in the non-farm sector of Ghana. Data was sourced from Ghana ECG/ISSER Socio-Economic Panel Survey in 2010. The study is underpinned by the resource-based view theory of firm performance. Ordinary least...

European electricity industry has recently come through liberalization. Surge of intakes with high share of cross-border deals was market players’ response. Measuring of post-merger performance alterations is a central question of M&A literature. EU energy sector is responsible for significant...

The study examines the efficiency differences across the ownership structure of Indian microfinance institutions (MFIs) operating during the year 2005/06 to 2017/18 in response to regulatory reforms initiated by the Reserve Bank of India (RBI) in the year 2011. We remove the outliers from the...

Purpose: This study aimed to determine the relationship between the environmental, social, and governance factors (ESG) and the financial performance of mining firms within South Africa. Prior research has focussed primarily on the ESG components and lacked further investigation on the...

A data envelopment analysis (DEA) is presented to assess evolutions of firm efficiency and financial performance in automotive supply chains. A sample of 32 decision-making units (DMUs), 17 globally operating original equipment manufacturers (OEMs) and 15 key suppliers from the automotive...

In this paper we deal with the measurement of technical efficiency (or X-efficiency) of institutions whose operations might be significantly affected by macroeconomic, environmental and non-controllable factors. For this purpose we introduce a four-stage DEA methodology based on the approach...

The aim of this paper is to assess the efficiency of a set of 62 precious metal mutual funds (PMMFs) and to explain performance differences between funds using weighted additive data envelopment analysis (DEA) and Tobit regression, respectively. The contribution of this paper is twofold: to...