In a previous work, Forner and Marhuenda (2001) find that the contrarian strategy, thatis, the forming of a zero … regard to the behaviour of the contrarian strategy, and someimprovements have been made to certain issues. On one hand, the …-periods.Finally, a seasonal analysis of the behaviour of the contrarian strategy is made with a cleardistinction being made between …

) and (ii) management strategy theory (TEP), with different principles to explain the capital structure of a company … validity of TPO for small companies but only partially for larger companies. As far as strategy is concerned, results cannot …

The aim of this study is to analyse the efficiency of companies forming collective brands in the experience goods … sector. The central hypothesis is that collective brands have a positive impact on the efficiency of their member companies … itself. The methodology applied to test these hypotheses is based on Data Envelopment Analysis (DEA) to estimate efficiency …

In this work a non parametric approach is used in order to evaluate the relative efficiency of a sample of firms …

based on linearprogramming approaches for efficiency measurement. We provide an application to Spanishmunicipalities, which …

data panel and with the aim of checking on the possibility that each firm has a particular level of efficiency -captured by …

. Three different stochastic measures of efficiency are used (based on three alternative distributional assumptions for …" hypothesis since, even though efficiency is the main determinant of profitability, market power (as reflected in a market share … variable), also affects profitability. The results obtained also show that market share is an inadequate proxy for efficiency …

versus efficiency, presenting as its main contribution the use of a direct measurement of efficiency. This measurement is … furthermore, the results allow us to reject in most cases the pure hypothesis of efficiency, as although efficiency does …